when you order your report, or if you subsribe to one of those monitoring services, you can see on your report, which inquires can only be seen by you *Soft Pull* and inquires that can be seen by others *Hard Pull* there you can see what's what.
If you see that someone has looked at your credit *hard pull* without your permission, or it was supposed to be a soft, but it was a hard. You need to contact that company *in writing* and tell them that you would like them to supply you with the permissional purpose for that pull.. if they can not supply you with this. you demand for them to take it off, or switch it to a *soft*.
Indeed, you can be denied credit for having tooo many inquires on your report.
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HOWEVER, if you go on an "app spree" and you do it in a short period of time (days) it will not effect your credit score as much as it would as if you just nickled and dimed credit applications.
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FICO scoring method does not penalize for repeated hard pulls of the same type. So if you get your credit report pulled at several car dealers in a short time period,
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Yeah, like I said...
if you nickle and dime your credit applications then it will greatly effect your credit score - as opposed to let's say you are shopping for a car or a mortgage or looking for store credit... do it in a quick shot.. like hours or day's... but don't go around for weeks and weeks attempting to get credit...
most people *who are smart about it* when attempting to gain/build creidt do this.
1. they know exactly what is on each one of their three credit reports.
2. They know exactly what their credit score is for each of those three reports.
3. They know which bank pulls which report for thier particular state.
4. They have a good idea as to the *requirements* of each lender
Some lenders will approve you for a credit card if you have a bankruptsy (BK) on your reports, some not.
Some lenders will approve you for a CC if you have collections on your reports, some not.
It's a BIG GAME.. but with this game, knowledge is POWER my freind.