How Long Do Hard Inquiries Stay On Your Credit Report?

In this article, we’re answering β€œHow long do hard inquiries stay on your credit report?” The short answer is two years.

But, it’s also important to consider how long a hard inquiry can impact your credit score. Not to mention, how many hard inquiries you can have before they become a problem.

We’ll answer all of these questions and more below.

This article is part of our free series on credit cards, including how to get a US credit card with an ITIN number, which you can access here.

Feel free to use the table of contents to jump ahead to the sections most relevant to you.

Table of Contents

  1. How Long Do Hard Inquiries Stay On Your Credit Report?
  2. How Bad Are Hard Inquiries on Your Credit Report?
  3. Frequently Asked Questions
  4. Do You Want Help Opening Bank Accounts?

How Long Do Hard Inquiries Stay On Your Credit Report?

Hard inquiries do stay on your credit report, but not for long. In fact, they only remain on your credit report for two years. That said, the negative impact of a hard inquiry will not last two years. In most cases, your credit score will return to normal within two to three months of the hard inquiry.

How Bad Are Hard Inquiries on Your Credit Report?

Hard inquiries are not necessarily bad on your credit report. However, they do have a short-term negative impact on your credit score. This impact is usually only a few points. That said, each hard inquiry will appear on your credit report for up to two years.

Of course, hard inquiries are to be expected and credit providers require them in order to understand the creditworthiness of prospective borrowers. With this in mind, a reasonable number of hard inquiries on your credit report will be expected anytime you apply for credit.

How Many Points Do Hard Inquiries Take Off On Your Credit Report?

Hard inquiries usually take off a few points from your credit report. However, the impact of these points is usually gone within two to three months of the inquiry. Of course, you will still be able to see the inquiry on your credit report for up to two years.

Is 3 Hard Inquiries Bad?

Having three hard inquiries on your credit report is not automatically bad. However, it can impact your credit score by ten or more points. This is because most hard inquiries reduce your credit score by a few points every time. With this in mind, if you need to maintain a specific credit score in order to obtain a particular credit facility, you should be conscious about how many hard inquiries you approve.

How Many Hard Inquiries Is Too Many?

The number of hard inquiries that are considered too many is completely subjective. This is because there is no single rule that determines how many times your credit can be β€œpulled”. Instead, it is up to you to decide how many times this happens. In fact, this is part of the reason why a hard inquiry reduces the credit score, to demonstrate how eager someone is to access credit, which is often seen as a sign of being high-risk.

Frequently Asked Questions

Below are a few of the most common questions we receive from people looking into how long does hard inquiries stay on your credit report. If you have further questions you would like to ask our team, don’t hesitate to get in touch.

How Does a Hard Inquiry Affect Your Credit Score?

A hard inquiry affects your credit score by reducing your overall credit score by a few points. This can happen when you apply for a new credit card or other debt facility. In most cases, credit scores return to the original score within a couple of months. However, the hard inquiry will still appear on your credit report for up to two years.

How Much Do Credit Inquiries Affect Your Credit Score?

How much credit inquiries affect your credit score will ultimately depend on how many credit inquiries you have and in what time frame. That said, credit inquiries generally only reduce a credit score by a few points. But, multiple inquiries in a short window of time is usually seen as a sign of a high-risk client.

Are Hard Inquiries Considered Derogatory?

No, hard inquiries are not considered derogatory because they play an important role in the process of assessing a person’s creditworthiness. However, having a significant number of hard inquiries on your credit report can be negatively viewed by credit providers and will impact your credit score.

Can You Remove Hard Inquiries From Your Credit Report?

No, you cannot remove hard inquiries from your credit report. Instead, hard inquiries will remain on your credit report for up to two years. That said, the negative impact of a hard inquiry on your credit report typically only lasts for one year.

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GlobalBanks Team
GlobalBanks Team

The GlobalBanks editorial team comprises a group of subject-matter experts from across the banking world, including former bankers, analysts, investors, and entrepreneurs. All have in-depth knowledge and experience in various aspects of international banking. In particular, they have expertise in banking for foreigners, non-residents, and both foreign and offshore companies.

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