How Long Do Hard Inquiries Stay On Your Credit Score

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How the credit agencies decide our creditworthiness is a mystery to most people – but we disobey their hidden commandments at our peril. Here, FT Money explains how your credit score is calculated,

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If you want to protect your credit score and ensure it stays as high as possible, then it’s important to know how different credit inquiries can change your credit score.Find out the difference between a soft inquiry and a hard inquiry, and how long credit inquiries stay on your credit report.

A hard inquiry will stay on your credit report for 24 months, but are only factored into your credit score for 12 months. Anytime you check your credit report or score online at sites like Credit Karma or Credit Sesame it does not affect your score, this is a soft credit inquiry.

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A hard inquiry stays on your credit report for about two years, but it won’t affect your score for longer than a year. Hard inquiries on your credit – the kind that happen when you apply for a loan or credit card – can stay on your credit report for about 24 months.

There are two types of credit report inquiries-hard and soft. Soft inquiries don't hurt your credit score while hard inquiries do.. of your credit score. While they'll stay on your credit report for two years, hard inquiries only impact your credit score for one year.. How Long Does It Take to Build Good Credit From Scratch?

Soft inquiries occur when you or your existing creditors check your credit report. They may also occur when a business checks your report to gauge if you would be inclined to be interested in their products or services. While soft inquiries have no effect on your credit score, a hard inquiry may pull down your score by 5-10 points.

Inquiries remain on your credit reports for two years (24 months). However, hard inquiries impact your score for only the first 12 months.

2 days ago. How Many Points Does a Hard Inquiry Affect Credit My Credit Score?. Learn more. A hard inquiry can typically drop your credit score by 5- 8 points, but not all inquiries count the same. Understanding. How Long Will a Hard Inquiry Affect My Credit? Inquiries stay on your report for two years. The Fair.

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