DOES SECONDARY USE LOWER A BORROWER’S CREDIT SCORE?
- Posted by Credit Technologies, Inc.
- On September 18, 2018
- 0 Comments
No; the reissue of a consumer credit report to a lender only effectively transmits the report data to the lender, so the consumer’s credit report is not re-accessed by the receiving party. In addition, all secondary use inquiries are considered to be “soft” inquiries which by nature do not affect the consumer’s score.
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