What is an "account review" inquiry in credit reporting?

An "account review" inquiry in credit reporting refers specifically to the situation when a company checks a consumer's credit report to review existing accounts. This type of inquiry is typically conducted by creditors who are considering whether to increase a credit limit, adjust terms, or offer additional products or services to existing customers. It is important to note that account review inquiries do not affect a consumer's credit score, which distinguishes them from other types of inquiries that result from a consumer applying for new credit.

This process helps lenders assess the performance of current accounts without being prompted by a specific new application from the consumer. As a result, account review inquiries are essential for maintaining ongoing relationships between creditors and consumers while ensuring responsible credit management.