How Long do Hard Inquiries stay on your credit Report?
Do you know how long hard inquiries stay on your credit report? If you’re not sure, or if you’re curious about what exactly a hard inquiry is, read on. We’ll explain everything you need to know about hard inquiries and credit scores. Plus, we’ll tell you how long these inquiries will stay on your credit report. So, keep reading to get all the information you need!
What is a hard inquiry? When you apply for a loan, the lender or company will request to review your credit report as part of their process. This inquiry is recorded on file and may affect how much interest they offer in return for applying with them – it could also make things harder if there are hard inquiries negatively impacting scores! Soft versions don’t have this effect so keep those softies coming Hard inquiries are reported by creditors when you apply for new credit, and they can stay on your report for two years. It’s important to know the difference between what kind of hard inquiry will affect how high or low each creditor rates you, but usually, only one year affects scores!