Continue to enter your reason codes, one at a time, in the search field in order to generate a list of printable explanations below.
P85: You have few or no inquiries on your credit report
If a lender runs a credit check when you apply for credit, an inquiry is reported to the credit bureaus. This can lower your score a small amount, typically by 10 to 20 points. The VantageScore credit score model takes rate shopping, e.g., for a mortgage or car loan, into consideration. All inquiries for mortgages, auto loans and major credit cards that appear in your credit file within a 14-day window are counted as a single inquiry. Another time inquiries never count against your score is when you check your own credit or obtain your own score. You have no inquiries or a low number of inquiries on your credit report, which increases your score.
What you can do:
Apply for credit only when you need it. If you are approved for credit, the small score drop from making an inquiry will disappear within a short time and the score will quickly benefit if you make on-time payments and manage your new account in a responsible fashion.
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