What is a Hard Inquiry?


What is a hard inquiry? Does it hurt my credit score?

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How often should I check my credit score?

Question: How often should I check my credit score? Answer: You should keep a close eye on your credit score/profile to ensure that you don’t have any issues arise, unexpectedly. Things such as hard inquiries that you did not authorize, or even new accounts that do not belong to you. We highly suggest that you [...]


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Do Free Credit Scores Hurt Your Credit?

Question: Do Free Credit Scores Hurt Your Credit? Answer: There’s a lot of new free services that exist, and everyone seems to be utilizing them to their advantage, but are they detrimental to your actual credit score, meaning will they hurt your score? In short, no. Many people assume that these services will cost them in [...]

There are 2 types of Inquiries that you may see on your Credit Report. One type of inquiry is called a hard inquiry and the other is a soft inquiry.

A hard inquiry is a credit check that is made by a company who pulls your credit report after you submit an application with said company, which could be for a mortgage, auto loan or even an Apartment rental. This is different from a soft inquiry, which is usually done by companies who send out promotional mail for ‘pre-approved’ applications.

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Can You Get Items Removed From Your Credit Report Immediately?

Question: Is it possible to get negative items removed from your credit report immediately? Answer: Unfortunately, no. Removing negative items will take time to remove as it will require a few days to get your credit repair letters written (by hand, hopefully), mailed by certified mail, and then opened by the credit reporting agencies that have [...]

Hard inquiries are the only inquiry that will affect your credit score, usually by less than 5 points or so. These inquiries will also stay on your credit report for up to 2 years, which can cause your score to go down for over a year (by a few points or so).

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What Should I do if my Identity is Stolen?

What Should I do if my Identity is Stolen? If you believe that your identity has been stolen, you need to take action immediately. But before you do that be sure that your identity was, indeed, stolen. First of all, how are you so sure that your identity has been stolen? Did you notice suspicious [...]

Why do hard inquiries matter to your credit?

  • Too many hard inquiries in a short period of time could cause red flags to lenders. This could show that you’re suddenly looking to borrow a lot of money, or that other lenders are not approving you (if there are no matching accounts) for some other reason. Be careful to not apply for too many accounts in a short period of time, especially if your credit score is already low.
  • Hard inquiries will cause your credit score to decrease for at least one year. If you try to apply for 4-5 credit cards at once, you could see your score take quite a hit, and it’s possible that it may not recover for up to a year. These inquiries also stay on for 2 years.
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What is a Soft Inquiry?

Question What is a soft inquiry and how does it affect my credit? Answer Inquiries occur anytime a company decides to do a credit check, or “pulls your credit report”.  These credit checks can involve hard pulls or soft pulls, also known as hard inquiries or soft inquiries. Soft inquiries (“soft pulls”) are caused by [...]

Be careful when filling out applications. Do you really need that account? Are you truly qualified to get that loan/card? If not, don’t try it. Your score will only go down from there.