In general, a hard credit inquiry could show up on your credit report for as long as 24 months, but it can only actually affect your credit score for a maximum of 12 months. But there are a few intricacies that you should know about when it comes to credit inquiries and your credit report.
Additionally, you don’t want to have too many inquiries on your credit report. When you apply for credit, a "hard" inquiry. So even if you do a balance transfer, it’s generally best to keep open an.
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How long will hard inquiries stay on your report? Inquiries remain on your credit reports for two years (24 months). However, hard inquiries impact your score for only the first 12 months.
Hard inquiries remain on your credit report for two years from the date of the inquiry. However, their impact is lessened significantly after a couple of months for two reasons: either you opened a new account, which becomes the focus of potential risk – or you didn’t open a new account, which means the inquiry isn’t connected to a risk.
According to credit experts, hard inquiries stay on your report for two years, but only impact your credit score for the first year (or 12 months). But what does this mean for your actual credit.
Unlike soft inquiries, hard inquiries appear on your credit report for 24 months and can slightly reduce your overall credit score for up to a year. Inquiries are marked on your report as requests for new credit, and when you receive too many of them in a short period of time, lenders may see that as a sign of risk.
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Find out the difference between a soft inquiry and a hard inquiry, and how long credit inquiries stay on your credit report. inquiries remain on your credit report for two years, or 24 months, so be sure you’re not exhausting your credit score with hefty credit applications.
The credit reporting agencies will keep a record of your hard inquiries for 2 years. So, whenever you apply for credit, a lender gets to see how many hard inquiries you’ve had in that period. However, hard inquires only subtract from your credit score for one year.