How many times can your credit be ran without it hurting your score?

Answer 1

None. If you run it just once, your score lowers by two.

However, if you have multiple inquiries within a two week period for the same thing as long as it's a major purchase (a car, home, etc), it only counts as one inquiry and only drops your score by two.

This will affect you from between one to two years, then they're gone.

There is a difference between "soft" and "hard" inquiries though. The inquiry that affects your score is the hard, which is you saying "I want to see if I can be approved for such-and-such." The soft inquiry is when you go to a web site and look at your credit report, or a company says to one of the credit reporting agencies "I want to send some promotional mail out to people, tell me who could be potentially eligible" and they get your name and address only, no actual information about you.

Answer 2

There are 2 types of inquiries. The SOFT inquiry is where you run your own credit report to check on it, or a company checks it to send you out one of those pre-approved application. No matter how many times this is done it will not effect your score.

Then there is the HARD inquiry. This is where you request new credit from someone. There is NO set amount your score will drop per inquiry. Your credit score is based on several factors and as an average just one inquiry can drop your score in the 3-5 point range. The more you have in a short time the more points it can drop, but it depends on the rest of your history as to how much. However, if you are looking at a car or house loan the systems account for "rate shopping". This is where all of the inquiries in a specified period of time count as only one.

Any inquiry only remains on your report for 2 years from the date of inquiry. They only effect on your score is for the 1st year, with the most effect negative effect happening the first 6 months. For most people if they have one or two inquiries every 6 months the effect will be minimal, but in reality you should only apply for credit when you actually need it.

Answer 3

Everytime a potential creditor runs your credit, your score takes a ding. The more checks in a close timeframe the bigger the ding.

Answer 4

Inquires usually takes about 2 points from your score each time you apply. Be careful not to have that many inquires especially if you don't plan to purchase anything

Answer 5

Each swipe to check your credit pushes your score down by two points. So if you get turned down by atleast two credit cards..STOP! Don't keep applying.