 TITLE: Does a Declined Loan Appear on Your Credit Report? CONTENT: How Does a Hard Inquiry Affect Your Credit?\n-------------------------------------------\nA hard inquiry contains two critical pieces of information: the date of the inquiry and the name of the inquiring company. So, for example, if you applied for an auto loan with Chase on June 20, 2020, then you'd expect to see a \"Chase Auto\" inquiry on or about that date.\nThe scoring models published by VantageScore® and FICO® both consider hard inquiries in their calculations and may ding your scores as a result. But you shouldn't assume that all hard inquiries will have a measurable impact—some may, some may not. If your credit scores are affected, the impact of an individual inquiry is minimal. Further, even though hard inquiries may remain on your credit reports for up to two years, credit scoring models do not see or consider them for that entire period of time.\nThe impact of multiple hard inquiries is minimized if they're conducted in a short period of time from the same types of installment lenders. Multiple inquiries from the same types of lenders, such as mortgage, student loan or auto lenders, are generally caused by a consumer shopping around for the best interest rates and terms and will be counted as one inquiry in most credit score calculations. END