If you’re on a tight budget, you might consider going with buy-now-pay-later services, as you can space your payments out over a certain period of time to make them more manageable. Of course, before solidifying this type of service for yourself, you should consider what kind of impact this service will have on your credit score. One of the ways that a buy-now-pay-later service could have an impact on your credit score is through the hard inquiry process. Hard inquiries can negatively impact your credit score. The more hard inquiries you have on your credit score, the worse it can…

When it comes to your credit score, there are several factors that can have an impact. Of course, there are more obvious factors, such as the length of your credit history and your history of making on-time payments. However, there are also factors that are much easier to miss, such as the number of credit inquiries you have. Come dive in as we explore whether or not having too many credit inquiries can hurt your credit. The Impact Of Credit Inquiries On Your Credit Score An inquiry gets added to your credit report whenever you apply for a new credit…