03/08/2024
1. 📝 Inquiries are records of when lenders check your credit report in response to a credit application.
2. 🔄 There are hard inquiries (from credit applications) and soft inquiries (for informational purposes).
3. 📉 Hard inquiries can temporarily lower your credit score and typically stay on your report for about two years.
4. 🚩 Multiple hard inquiries in a short period can raise red flags to lenders.
5. 🕵️♂️ Soft inquiries, like checking your own credit report, do not affect your credit score.
6. 📆 Check your credit report for inquiries annually to monitor for unauthorized activity.
7. 🛡️ Dispute inaccurate or unauthorized inquiries with the credit bureau to have them removed.
