Not pre-approved credit card offers lower your credit score

Not pre-approved credit card offers lower your credit score -

Q :? My 27 year old daughter often gets mail from credit card companies wishing him get a card from them. On his recent TransUnion credit report, we, we saw tons of these credit card companies have had access to his credit report. We were told that having a large number of those who lowered its credit rating. How can we overcome

A: The good news is that this type of Investigation credit report are known as "soft inquiries" and do not affect your score credit. Soft inquiries occur when your credit report is accessible for marketing purposes, in this case to Pre-approve your daughter for a credit card offer. Soft inquiries do not change your credit score and not on credit reports given to third parties, although some credit bureaus to include for information on the credit report they offer to you.

Furthermore, a "hard inquiry" will affect your credit score. Hard inquiries typically occur when you apply for credit actively and third as a business lender, landlord or credit card asks for your credit report to give you the credit. That's why it's not a good idea to ask too many credit cards in a short time because it can reduce your credit score.

If you still want to opt-out of having pre-approved credit card offers sent to your daughter, you can do it online at OptOutPrescreen.com. If you want to keep an eye on their credit reports and be aware of that can be access, consider signing up for a credit report monitoring service like Identity Guard Total protection®. Currently Identity Guard offers NextAdvisor readers a free 30 day trial and 3 free credit scores, a risk-free way to try the service for free, and cancel within the trial period if it is not for you.