How do inquiries on your credit report affect you when applying for financing?

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How do inquiries on your credit report affect you when applying for financing?

And how long do they stay there?

2007-09-16 04:50:04 · 1 answers · asked by Anonymous in Business & Finance ➔ Credit

1 answers

When you apply for credit, the creditor does a hard pull inquiry. This dings your score. The more inquiries within a short timeframe, the bigger the ding.

Pulling your own credit report is a soft pull and does not affect your score.

Inquiries stay on your report for 2 years.

2007-09-16 04:55:26 · answer #1 · answered by bdancer222 7 · 1⤊ 0⤋