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Eastpoint Recovery Group, Inc. Debt Collector | Buffalo, NY | Credit Inquiries

Credit inquiries are necessary when you are looking to take out a loan, or get a new credit card. An inquiry occurs on your credit report when you submit a credit application to a lender. This is the way that they check into your history to see if they will ultimately extend you a line of credit or loan. Just like anything else, in moderation, credit inquiries are not a bad thing. However, if lenders see that you have many inquiries in a short amount of time, it may raise some red flags. The idea is that if you have many inquiries in a short period of time, you are more likely to take on more debt, which in turn could compromise your ability to keep your accounts current. Always take this into consideration when applying for a new loan or credit card.

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