So let's take a look at a summary of the building blocks. And what are we learned during this third section. There are three building blocks, inquiries, soft and hard tradelines public records and collections. Hard inquiries will diminish your score by three to five points per application for credit. If you are shopping for a home loan or car loan in a relatively short period of time, let's say a month, generally a one time scar reduction of three to five points will take effect. If it is a credit card or any revolving debt, it will diminish your score five points each and every time you apply.

A soft inquiry will not cost you anything and the reduction of your credit score. When you check your own credit through a credit monitoring system or to annual credit report calm it will not affect your score.