Wednesday, June 24, 2009

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

And how long do they stay there?



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

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.

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