2: Credit File - enquiries

Hey, it's Aaron from Diagnostics and Finance. This is part two on when we talk about the credit file. Inquiries are when an agency goes into your credit file to check what's going on. It may be that you've gone bank, mortgage, amount, and that's about it. If you're going for a credit card, it might go credit card, ABC bank, ongoing credit or personal loan or car loan or anything that you've gone into. You might have some telecommunications or other associated industries to see if they've checked your credit file as well. So inquiries, these are quite important. The more inquiries, the the less of a credit number you have, and the less number is, the less likely to be able to get the best form of credit for you. So this is where we need to stop shopping around. Don't shop around on your credit file. Don't sign anything to be able to access your credit file until you are absolutely sure that you want to work with that person or that particular bank so that you don't load up your credit file and there's a mess to sort out, or untangle, as I call it. Inquiries. They're good because then you get access to credit. But if you have too many, just be very careful. Make sure you're happy to work with the people first before accessing your credit file. All right, Have a great day.