I suppose you could say that way. But not really what’s happening. So, if you don’t mind, I’m going to rephrase your question. Can tradelines positively affect credit reports and credit scores even if your credit is pulled multiple times? The reason I rephrase it this way is to ignore the distinction that credit inquiries are different than any other item that can bring on your credit score.
[NOTE: THIS CONTENT WAS MIGRATED FROM OUR DISCONTINUED FORUM. IT’S GREAT CONTENT AND COMMENTS NEEDED A NEW HOME] The short answer is, “yes.” But, there’s obviously more to it and the answer (no matter how complex) depends entirely on why you’re asking. For example, if the answer is “yes” and you’re trying to get a loan which has an automatic denial for those with bankruptcy, then that good sounding answer becomes irrelevant.
When it comes to tradelines, people constantly ask how much their score will increase by adding tradelines and how long it will take to add those tradelines. We’ve written all sorts of content on this topic. We recently helped a friend of a friend and they were both blown away by the results.
Since tradelines are complicated, wouldn’t it be nice for to read one article with everything you need to know, rather than reading everything. Now you can!
What is an updated tradeline? You’re asking for two reasons: First, you keep getting notices about them from your credit monitoring service. Second, you keep searching Google and all you’re coming up with is credit enhancement websites (like our website) where tradeline means something else. We’ll address both, for you, below.