Your credit questions, answered

What Money readers are asking about their credit scores.

2 of 3
Mike Kohrt
Age: 50
Hometown: Davie, Fla

Question: "What kind of inquiries into my credit report will hurt me?"

Answer: The only inquiries that affect your score are those that happen as a result of your applying for credit -- a.k.a. "hard" inquiries -- over the past 12 months. So that you aren't punished for shopping around, mortgage and car loan inquiries made within the most recent 30 days are not figured into the calculations, and any within a 14-day period before that count as one inquiry.

According to FICO, a single inquiry shouldn't dent your score; two, on an otherwise solid report, might shave off five points or so.

NEXT: Karyn Beach
Last updated August 24 2009: 10:19 AM ET
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