My question is why too many credit inquiries may indicate a bad credit history?
Lenders may think you have applied for too much credit. They may tend to think you have overextended your credit.
Each time a business loan lender makes an inquiry on your credit outline, it'd leave a track or record. However, so many inquiries would hinder debtor's ability in acquiring the business loan, specifically big banks that have stringent requirements upon the frequency and number of current credit inquiries.
Each time a hard ebquury is made on tour credit it reduces your credit rating by a few points. If you receive additional credit that akso omproves your credit rating based on how it improves your debt to available credit ratio.
If ebquires ade made without you receiving additional ceedit it reduces your credit rating.
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