I know that credit inquiries can lower your credit score, but is it true that each inquiry lowers the score 5 pts each? i know that some don't lower your score at all, i'm just wondering about the others such as the credit card inquiries...
by 
peachygirl
ANSWERS: 2
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Here is the way it works: If you apply for credit at, let's say, a furniture store the store runs a credit check and will get a score and the credit history. This is a pull that reduces your score (it does not reduce it by 5 pts, it varies). If that store runs your credit again within a short timeframe, no additional points are pulled. (Let's say you go to three furniture stores and apply for creidt at all of them, only one point reduction will occur). When you are pre-approved for credit, the credit card company has asked the bureas for demographic ranges, such as "give me a list of 35 - 40 year old married males with mortgages in the 200K - 300K range with a FICO score of 740 - 775". These pulls, since they are not specific, do not reduce your score.
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Oh, that was a good answer by Someguy. You might want to check this site that improves your credit score. It has been really helpful for me. This is the link http://www.goarticles.com/cgi-bin/showa.cgi?C=1413666
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