Hard inquiries, also known as “hard pulls”, generally occur when a financial institution or creditor checks your credit for the purpose of giving you a loan or credit card.
This means that a creditor has requested to take a look at your credit file so they can determine if you’re a risk as a borrower.
Hard inquiries show up on your credit report and can affect your credit score. It is very important to understand when they happen and the impact they’ll have for you.
A hard inquiry can affect your credit score and remain on your credit report for two years.
As everyone knows, collections can put a damper on your credit score. Each collection lowers your credit score by 23 points on average. Did you know that hard inquiries have a similar effect? although hard inquiries are only 2-5 points on average, too many hard inquiries make you look risky to lenders and they can deny you even if you have good credit. We dispute and delete hard inquiries in 30 days. We do not remove hard inquiries associated with open accounts.