Multiple/Duplicate Hard Inquiries

Hi TBova,

Hard inquiries do damage your credit score. A single hard inquiry may not hurt much as it lowers your score by 2-4 points. However, if there are multiple hard inquiries, it may damage your credit score. If you weren't aware that any such inquiries were going to be done, then you can dispute these.

Hope this helps.

Thanks,

Aaron

Some lenders have the option to check all three credit reporting agencies - this is because not all 3 will contain the same information and these companies want to know your debt to income.

Credit Card companies don't do this like Mortgage & Student Loan companies.

Sometimes the mortgage company will pull more than one report on a single bureau, if that happens and it was within 14 days, then them inquiries even though they show separate will actually be counted as one.

But I think you were saying that they pulled 1 for Experian, 1 for Equifax, and 1 for TransUnion.

Inquiries only affect the credit score for 1 year, though they can show on the credit report for a total of 2 years.

If you had a good credit score to begin with the damage will be minimal, but if you had poor credit to begin with each inquiries usually will cost between 2-10 points - but like I said over time, that decreases.