Banking · Credit Assessment
A hard inquiry on a customer's credit report (resulting from applying for a new loan or credit card) is categorized as a negative indicator or warning sign in a credit score because it suggests:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The customer is successfully managing diverse credit types.
- 2The customer is actively reducing their credit card debt.
- 3The customer is actively seeking more credit, potentially indicating financial stress.✓
- 4The customer has a perfect credit history.
Correct answer
The customer is actively seeking more credit, potentially indicating financial stress.
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