Originally Posted by travelwave
That is what I thought, but:
Note that she/he states or and not and. That post worries me a bit becuase I fit into the young category and my score is only in the very low 700s/690ish, but I have never had any credit issues and I have no debt.
If your score is already low because you have applied for a bunch of credit, it should not be affected too much. If your score is low for other reasons, it will drop. Inquiries and new credit is around 10% of the possible 850 points.