What is a hard credit pull and how long does it take for credit to recover after one?

A Hard Credit Pull is when a lender pulls your credit for purposes of granting credit, such as when you apply for a car loan, mortgage, or credit card. If your credit is not where it should be and you want to eventually purchase a home, I would suggest that you keep any credit pulls to a very minimum and work with someone who will spend the time and energy needed to help you get to where you want to be (credit wise). I'd be happy to help you directly if you'd like, so just email me through this site directly and we can discuss how I can be of help in more detail!

From MyFico's website: Inquiries remain on your credit report for two years, although FICO(R) scores only consider inquiries from the last 12 months. FICO scores do a good job of distinguishing between a search for many new credit accounts and rate shopping for one new account.

A hard pull is when YOU initiate a credit check by allowing a company or business to run your credit.. When you view your credit scores, any impact from inquiries are already being shown... any subsequent hard pulls from companies in the same industry inside of 30 days will only impact your credit score from the initial credit check.. So if you go shopping for a car at 5 different places within 30 days, then your credit score should be the same on all 5 reports assuming nothing else has changed.. If you have a high score, then any impact from a hard pull should have very little change to your score.. Usually less than 5 points.. if you have a very low score then the impact can be more severe, but even in that scenario, it's unlike to affect your credit score by more than 15 points.. if you have 30 inquiries spanning over 6 months, then your score could be greatly reduced.. 60 to 100 points... all inquiries will impact your credit score for 12 months, progressively having less and less impact the older they get.. Until you pass the 12 month mark.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

A Hard Credit pull in and of itself wont hurt you. However, you dont want to have too many as more than 5 in a 30 day peroid can start to bring you socres down. You should work wit ha lender that will work off fo a rpesumed score for quote purposes. Once you have choen thelender you want to work with then allow htem to checks the credit.

Good answers

Hard credit pull is when you authorize someone to review your credit. Any inquiry on your credit report is only stay on it the report for 90-days. "Recovering" from, and being hurt from a few inquiries is a myth. 99% of people 99% of the time should have zero concerns about inquiries.