The credit facilities for business have always created a negative impact on credit score. The requirement of capital has been the prime concern for a successful business. The credit score is recorded as per the credit facilities one takes from the financial institutions. The credit score indicates the status of the person and takes into account the financial condition of the person. The credit score record the history and the individual have a specific allotted number by which the financial institutions check before giving credit. Rate shopping helps in continuous evaluation of interest rates before any credit purchase. The FICO score helps in determining the credit score in the daily basis transactions. The FICO scores determine how one individual is capable of maintaining their proper credit score. One with a high FICO score tends to take less credit on credit cards and maintain a proper debit credit ratio. The credit reports are essentially important to determine the credit score of an individual.

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