How inquiries on your credit can keep you from getting a loan

What Is a Credit Inquiry?
A credit inquiry is a credit check by an institution for credit report data from a credit bureau. Credit inquiries can be for any type of various reasons, but they are generally made by financial institutions. There are two classifications of inquiry, it’s either hard or soft inquiry. How a Credit Report Works Credit reports are an important element of the credit industry. Hard inquiries are the crucial part of the underwriting process for all forms of credit. Soft inquiries support credit establishments to promote their products and also can be used to help consumers. What are Hard Inquiries
Hard inquiries or “hard pull” which requires borrower’s permission is requested from a credit bureau whenever there is a new credit application. They are recovered by using a customer’s Social Security number and are needed for the credit underwriting process. Hard inquiries give a creditor with a full credit report on a borrower. This report consists of a borrower’s credit score and information about their credit history. Hard inquiries can be hurtful to a borrower’s credit score. For each hard inquiry, it often causes a small credit score reduction for a borrower. Hard inquiries last on one’s credit report for two years. Usually, a high number of hard credit inquiries in a short period of time can be understood as an attempt to conspicuously expand available credit, which creates higher risks for a lender. If you’re unable or unwilling to wait two years and who doesn't mind paying a small fee, one of the best things you can do is use credit repair, you might be able to get the hard inquiries taken off from a credit report sooner.
In some cases, hard inquiries can also be used for situations other than a credit application. An employment history check and a rent agreement application are t