College Tip 4- What’s in a credit report- Credit Inquiries

This is the fourth post in a series about how college kids can help protect themselves from ID Theft. Feel free to visit Part 1, Part 2 and Part 3.

Our credit inquiries section of our credit reports gives a chronological account of which companies have performed inquiries in the past 2 years. This particular page is important to college kids for 2 reasons:

1- It's important to understand that every time you sign up to possibly gain a credit card, the inquiry can have a negative impact on your credit score. At school, many credit card companies will offer promotional giveaways of all sorts, and trying to take advantage of as many as possible can be detrimental to your overall credit health.
2- New account fraud is most often caught here.

Posted by Mike