What Do Inquiries On Your Credit Report Mean?

By Garrett Sutton, Esq.

Inquiries are the list of the companies that have seen your credit report in the past two years. It’s not unusual to see companies you don’t recognize in this section. First of all, companies don’t need your written permission to access your credit file. They just need a legitimate credit, insurance or employment purpose. Requesting a new cell phone account could create an inquiry on your file, for example.

Also, the company actually accessing your report may have a different name. For example, you go into your local Dave’s Flooring and apply for an account to buy new carpet for your home. That financing may be handled by XYZ Finance Co., which is what’s listed on your credit report.

Warning: Inquiries from companies you don’t recognize could be an early sign of credit fraud so don’t hesitate to ask the credit reporting agency for more information and contact that company, if necessary, to find out why it reviewed your file.

Only hard inquiries, or inquiries where you actually apply for credit, hurt your credit score, soft inquiries should not affect your score.

For more information on reading (and improving) your credit score, please read my book, The ABCs of Getting Out of Debt.

The ABCs of Getting Out of Debt


These times call for a book that offers hope and education on mastering credit and getting out of debt.

In difficult times, debt can be a matter of life and death, happiness and despair. Controlling your debt can bring order and calm. Mastering debt can bring wealth and success. As bestselling Rich Dad/Poor Dad author Robert Kiyosaki says, “Good debt makes you rich and bad debt makes you poor.”

The ABCs of Getting Out of Debt provides the necessary knowledge to navigate through a very challenging credit environment. A Rich Dad’s Advisor and best selling author of numerous business books, Garrett Sutton, Esq. clearly writes on the key strategies readers must follow to get out of debt. Unlike other superficial offerings, Sutton explores the psychology and health effects of debt. From there, the reader learns how to beat the lenders at their own game, and how to understand and repair your own credit. Using real life illustrative stories, Sutton shares how to deal with debt collectors, avoid credit scams, and win with good credit. Read more.

Get a Free Guide To Business Credit

  • captcha

Business Financing Resources

  • Nav
    Get a free business and personal credit score summary and score. No credit card required. Easy to use and valuable insights all in one spot.
  • Authorize.net
    Authorize.Net enables merchants to authorize, settle and manage credit card and electronic check transactions via Web sites, retail stores, mail order/telephone order (MOTO) call centers and mobile devices.
  • Fundera
    Fundera is the safe, friendly, and free way to find your lowest rates on small business loans, guaranteed.
  • Kabbage
    Kabbage gives you the security of working capital whenever you need it.
  • OnDeck
    OnDeck delivers true small business loans using our OnDeck Score technology, which focuses on the health of your business - not your personal credit score. To get the offer, please type MRP-CRP-001 in the form field listed as Partner ID.
  • iDefend Business
    Protect yourself and your business from criminals that steal business identities. Business identity theft not only hurts the company, but also employees, suppliers, and even customers.