Wednesday, June 26, 2019
Do "hard" credit inquiries affect your credit score? Marginally
Experian has a useful article on how “hard credit inquiries”, often generated to get the best rate for an auto loan, can affect the credit score.
Generally, Experian says, all inquiries are bundled together as one inquiry for credit scoring, so the effect is rather minimal, and it goes away with time.
No major credit reporting company has talked about “social credit systems” yet but it seems like the tech companies want them.