How long does a hard inquiry affect your credit score?

Home (Live) Forums Credit Reports & Scores How long does a hard inquiry affect your credit score?

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #9929
    StellarFi
    Keymaster
    #9981
    Team StellarFi
    Moderator

    Hard inquiries on your credit report act as indicators of new credit to your potential lenders. These typically stay on your credit report for up to two years and may affect your credit score for only one year. To avoid multiple hard inquiries, it is advisable to opt for prequalified cards since they only require soft inquiries that do not affect your credit score in any way.

    There are some exceptions to when multiple hard inquiries do not affect your score. For example, multiple auto and mortgage loan inquiries within a given period of time get counted as one inquiry and do not affect your score too much.

Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.

StellarFinance, Inc. and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

Build credit with every bill you pay.

With StellarFi, your bills are paid on time and reported to TransUnion®, Experian®, and Equifax®.

Credit score increase based on StellarFi member data. Credit score increase not guaranteed. On-time payment history can have a positive impact on your credit score. Nonpayment may negatively impact your credit score.

Get Free Credit Score 2

Related questions

Home (Live) Forums Credit Reports & Scores Credit Reports & Scores

Viewing 15 topics - 1 through 15 (of 223 total)
Viewing 15 topics - 1 through 15 (of 223 total)
  • You must be logged in to create new topics.