How Harmful Are Inquiries Into Your Credit Report?

There's a lot of hype surrounding credit inquiries and their exact impact on your credit score. The truth is; inquiries depend on type, frequency and how young your credit history is. A relatively young credit history will be impacted more by an inquiry than one that has been in existence longer. Likewise, bureaus do offer "grace". For example, all hard inquiries by auto loan officers or mortgage loan officers within a 45 day period are considered just one inquiry. "Soft" inquiries (inquiries into your own credit score), do not impact your score at all.

All credit inquiries affect your credit score for only one year although they actually fall off after two years.

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