3205: Will Credit Inquiries Hurt Your Credit Score by Miranda Marquit with Good Financial Cents

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 8 July 2025

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3205: Your credit score plays a crucial role in securing loans, housing, and favorable interest rates, but not all credit inquiries affect it the same way. Miranda Marquit explains the difference between harmless soft inquiries and the minor impact of hard inquiries, offering practical tips to protect your score while shopping for the best financial deals. Learn how understanding these distinctions can help you make smarter credit decisions without unnecessary stress. Read along with the original article(s) here:⁠ https://www.goodfinancialcents.com/will-credit-inquiries-hurt-your-credit-score/ Quotes to ponder: “Only the hard inquiry is damaging to your credit score.” “For the most part, if you are responsible with your money and credit decisions, make payments on time, and avoid applying for a great deal of debt, credit inquiries are unlikely to have a large impact on your credit score.” “Don’t let a credit pull keep you from shopping around for lower rates.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:58.6	This is Optimal Finance Daily. Well, credit inquiries hurt your credit score by Miranda Marquit
1:05.6	with good financial sense.com. Your credit score is more important than ever.
1:12.5	You can't get a loan, rent an apartment, or buy a car without your credit score coming
1:17.2	into play.
1:18.5	There are several factors that go into deciding what your credit score is, everything from
1:23.9	your credit history to if you make payments on time.
1:27.5	One factor which is included on your credit score is credit inquiries.
1:32.5	It's a simple factor, but it could be the difference in getting a lower interest rate.
1:38.0	You've probably heard that applying for a loan can affect your credit score.
1:42.4	Indeed, many realize that when a creditor looks into your credit
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