Credit card question

[bornl33t]

You get docked 5 points everytime your credit is checked. Where I work one of our training facilitators decided to use his name for our trainning purposes in running credit checks ... The class consisted of about 30 or so people. We destroyed his credit. I'd say our facilitator wasnt too bright that day

[Alley]

Well, I do admit when I am wrong...and wrong I was. I got the info stated previously from the people who I worked with. So, I went and looked it up.

Do inquiries affect my credit score?

It depends on the type of inquiry. Inquires for marketing purposes do not affect your score. These include consumer requests for a credit report, lenders using credit information to review an account, or a potential employer looking over someone's credit. Inquiries initiated by the consumer, such as mortgage, auto loan and credit card applications, however, do affect your score because studies have shown that too many are a red flag for credit risk. Inquires do not weigh as heavily, however, as past payment history or number of delinquent accounts.


and the answer to the other question...

What is the credit score range?

Credit scores range from 350 to 850 -- a higher number represents a stronger financial position.