[royk123]

Yes, there will be a hard inquiry on your credit report, regardless of whether your application is approved or not.

Every time a creditor checks your credit with your authorization, it triggers a hard inquiry. the inquiry is registered when the creditor checks your credit and has nothing with the approval or rejection of the application.

A single inquiry has very little impact on your credit.

More about Hard Inquiries here.

[royk123]

Hello Ryan,

Sorry to hear about it, but it certainly seems that your identity has been stolen.

Here is what I recommend you to do:

1. Freeze your credit!
This will prevent the criminals that apparently has your SSN and potentially other harmful information from opening more accounts in your name. I would also recommend on Putting a Fraud Alert You can read more on both here and here.

2. File a police report!
You must file a report because you’ll need it down the road to get the account off your credit report and also in case collectors contact you.

I can go on with dozen more thing to do, but it’s all here in this manual: What to do if you were victimized.

[Author]

Posts