https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/How-long-will-a-hard-inquiry-affect-my-score-It-says-it-will-be/m-p/1922463#M244143 <P>Do you recommend no more hard inquiries for me until march 2015?&nbsp; I just wanted to open up another secured card in addition to my capital one because I felt that two cards reporting were better than one.</P><P>&nbsp;</P><P>Is there a formula for how many hard inquiries one should have and how many will make your report look negative?</P><P>&nbsp;</P><P>Thanks</P> Sun, 03 Mar 2013 15:19:47 GMT danny4l 2013-03-03T15:19:47Z https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/How-long-will-a-hard-inquiry-affect-my-score-It-says-it-will-be/m-p/1922437#M244132 <P>Last week I applied for a BOA secured card and I was denied.&nbsp; On my report, it now says that the inquiry will continue on file till March 2015.&nbsp; How much will this hard inquiry affect my score right now and up until March 2015?&nbsp; I was just trying to do the right thing and open up a line of credit that would report to the three bureau's but they said I have too many medical collections and I would need to take care of them first.</P><P>&nbsp;</P><P>Thanks</P> Sun, 03 Mar 2013 15:06:36 GMT https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/How-long-will-a-hard-inquiry-affect-my-score-It-says-it-will-be/m-p/1922437#M244132 danny4l 2013-03-03T15:06:36Z https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/How-long-will-a-hard-inquiry-affect-my-score-It-says-it-will-be/m-p/1922443#M244134 <P>A hard inquiry stays on your report for 2 years but only factors in scoring for one.&nbsp; I would say you may lose 1 - 5 points initially.&nbsp; It should not impact your score every month meaning you should not lose points each month.</P> Sun, 03 Mar 2013 15:09:37 GMT https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/How-long-will-a-hard-inquiry-affect-my-score-It-says-it-will-be/m-p/1922443#M244134 Anonymous 2013-03-03T15:09:37Z https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/How-long-will-a-hard-inquiry-affect-my-score-It-says-it-will-be/m-p/1922455#M244139 <P>Even though the score is not damaged like you are saying, can a lender still use a hard inquiry against you?&nbsp; For example, can they say "What is this?"</P> Sun, 03 Mar 2013 15:15:53 GMT https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/How-long-will-a-hard-inquiry-affect-my-score-It-says-it-will-be/m-p/1922455#M244139 danny4l 2013-03-03T15:15:53Z https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/How-long-will-a-hard-inquiry-affect-my-score-It-says-it-will-be/m-p/1922459#M244141 <P>In that respect, yes, a lender can use it against you.&nbsp;</P> Sun, 03 Mar 2013 15:17:28 GMT https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/How-long-will-a-hard-inquiry-affect-my-score-It-says-it-will-be/m-p/1922459#M244141 Anonymous 2013-03-03T15:17:28Z https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/How-long-will-a-hard-inquiry-affect-my-score-It-says-it-will-be/m-p/1922463#M244143 <P>Do you recommend no more hard inquiries for me until march 2015?&nbsp; I just wanted to open up another secured card in addition to my capital one because I felt that two cards reporting were better than one.</P><P>&nbsp;</P><P>Is there a formula for how many hard inquiries one should have and how many will make your report look negative?</P><P>&nbsp;</P><P>Thanks</P> Sun, 03 Mar 2013 15:19:47 GMT https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/How-long-will-a-hard-inquiry-affect-my-score-It-says-it-will-be/m-p/1922463#M244143 danny4l 2013-03-03T15:19:47Z https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/How-long-will-a-hard-inquiry-affect-my-score-It-says-it-will-be/m-p/1922471#M244146 <P>I just applied for a capital one secured card and was approved. It dropped my score by 4 points.</P> Sun, 03 Mar 2013 15:25:09 GMT https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/How-long-will-a-hard-inquiry-affect-my-score-It-says-it-will-be/m-p/1922471#M244146 Anonymous 2013-03-03T15:25:09Z https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/How-long-will-a-hard-inquiry-affect-my-score-It-says-it-will-be/m-p/1922475#M244148 <P>Each CRA has their own determination of what is too many inquiries.&nbsp; So does each creditor.&nbsp;</P><P>&nbsp;</P><P>Some will say one is too many, others 4 or 5 in a year time span.</P><P>&nbsp;</P><P>&nbsp;</P> Sun, 03 Mar 2013 15:26:29 GMT https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/How-long-will-a-hard-inquiry-affect-my-score-It-says-it-will-be/m-p/1922475#M244148 Anonymous 2013-03-03T15:26:29Z https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/How-long-will-a-hard-inquiry-affect-my-score-It-says-it-will-be/m-p/1922503#M244158 <P>The whole process is so confusing.&nbsp; When your credit is not good, they tell you to improve it but it seems like you get punished trying to improve it sometimes.</P> Sun, 03 Mar 2013 15:35:54 GMT https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/How-long-will-a-hard-inquiry-affect-my-score-It-says-it-will-be/m-p/1922503#M244158 danny4l 2013-03-03T15:35:54Z https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/How-long-will-a-hard-inquiry-affect-my-score-It-says-it-will-be/m-p/1922507#M244159 <P>Hard INQs remain on your report for two years, but only affect scoring for one year.</P> Sun, 03 Mar 2013 15:36:59 GMT https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/How-long-will-a-hard-inquiry-affect-my-score-It-says-it-will-be/m-p/1922507#M244159 chasmith 2013-03-03T15:36:59Z https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/How-long-will-a-hard-inquiry-affect-my-score-It-says-it-will-be/m-p/1922509#M244160 <P>I just got a new CC from my CU and the hard pull didn't change anything but the addition of another CC cost me 2 points but that shouldn't last long.......I hope.</P> Sun, 03 Mar 2013 15:38:40 GMT https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/How-long-will-a-hard-inquiry-affect-my-score-It-says-it-will-be/m-p/1922509#M244160 signguy17 2013-03-03T15:38:40Z