In fact, it is the number of inquiries made by lending institutions such as banks about personal credit reports, credit card approvals, loan approvals, and guarantee qualification reviews. These are all within the scope of hard inquiries, and such inquiries have been recorded It will have a negative impact on your credit record.

You may be a little worried, how many times will the hard query have an impact? In fact, various banks have inconsistent requirements for the frequency of credit inquiries, and there are no specific standards. The most common statement is that no more than four times a month and no more than eight times in three months.

What should I do if there have been too many hard inquiries on my credit record? There is currently no good solution, but the duration of a hard inquiry is usually two years. If you need a loan during this period, you can try several more financial institutions. Some institutions will focus more on collateral rather than levy. letter report