How much does a hard inquiry lower my credit score?

Generally, it is a good idea to limit the number of hard inquiries on your report overall. That said, the number of hard pulls on your credit reports plays a small role in calculating your credit scores. The FICO® Score considers your payment history, amounts owed, length of credit history, different types of credit you have and new credit when calculating your score. Inquiries fall into the “new credit” category but they are not nearly as important as making payments on time and having limited debt.