What is the impact of credit inquiries on my credit score?

What is the impact of credit inquiries on my credit score?

Credit inquiries can affect your score, especially if they're hard inquiries. Generally, a hard inquiry can lower your score by a few points.

How long do these inquiries stay on my credit report?

Hard inquiries typically remain on your credit report for about two years, but their impact on your score diminishes over time.

Can I improve my score after a hard inquiry?

Yes, you can improve your score by making timely payments, reducing debt, and maintaining a low credit utilization ratio.

Are there any ways to avoid hard inquiries?

You can avoid hard inquiries by researching loans and credit cards without applying, or by using pre-qualification options.

What should I do if I see an unauthorized inquiry?

If you see an unauthorized inquiry, you should dispute it with the credit bureau and consider placing a fraud alert on your credit report.