How Long Do Hard Credit Inquiries Stay On Your Report

Late payments can result not only in penalty fees, but also a spike in your APR (annual percentage rate or how much the bank collects in interest) and cause potential damage to your hard-earned credit.

What Is a Credit Inquiry? When someone-a potential lender, employer, landlord, insurer, or you-needs to see your credit report, that party makes an inquiry about your credit. Sometimes, inquiries these are referred to as credit pulls, because someone is pulling information from the credit bureaus.. There are two types of credit inquiries:

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