Hard inquiries stay on your credit report for two years. Banks use them to track how often you apply for credit and whether you're creditworthy. Daniel Rosen explains what they're looking for and why they matter.
Two years.
So just for anybody who doesn't know how long do hard inquiries stay on your profile and why hard inquiries stay on your credit profile for two years. And the reason why is so that the banks can assess your creditworthiness and your credit seeking behaviors. So they have two years to be able to track how much money you're asking for. What type of behaviors are you having? Are you having the behaviors of somebody that isn't so much creditworthy? Do you go apply for 15 banks within 6 months timeframe? So it's really there for them to make an assessed judgment on your credit. They want to know are you worthy or not and they're checking to see if you're savvy because the banks do like savvy people. They love credit savvy people. The more credit savvy you are, the more money they're willing to lend to you. So the why is the big piece. Because I felt like my community where I come from don't necessarily know the why. And the why is important to me.
