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New Contributor
overwhelmed_2010
Posts: 93
Registered: ‎07-26-2010
0

Credit pulls

How long do creditor pulls stay on your credit report? I have ALOT of them due to car shopping and it looks HORRIBLE on my CR when I pulled it the other day to see where I stood..Any and all comments are welcomed :smileyhappy:

Last app 10/12
**no app'ing till 10/14 or more***
Valued Contributor
Epcot
Posts: 2,789
Registered: ‎10-10-2012
0

Re: Credit pulls

They fall off at 2 years, but the impact of them is lessened after 6 months, then again at 12.

Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 816 EX 780 TU 823
App free since 4/11/13
Valued Contributor
Dustink
Posts: 3,097
Registered: ‎10-02-2012
0

Re: Credit pulls

If you apply for a credit card and get declined. You can call and explain to them that you were car shopping. Auto loan INQ's are supposed to be grouped into 1 INQ if they were done close together.

 

They stay on your report for 2 years.
They have an impact for 1 year, but the biggest impact is within the last 6 months. So after 6 months they are generally ignored for credit card apps.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
New Contributor
overwhelmed_2010
Posts: 93
Registered: ‎07-26-2010
0

Re: Credit pulls

Great! I can't wait for them to fall off..its awful to look at and I'm sure for a creditor to see as well

Last app 10/12
**no app'ing till 10/14 or more***
Valued Contributor
Dustink
Posts: 3,097
Registered: ‎10-02-2012
0

Re: Credit pulls


overwhelmed_2010 wrote:

Great! I can't wait for them to fall off..its awful to look at and I'm sure for a creditor to see as well


It actually isn't so bad. Creditors understand that you want to shop for the best rate on an auto loan. It's much worse when you have a bunch of INQ's from credit card apps.

 

Don't worry too much about it.

 

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:23    


     $17k       $8.5K          Closed          $19k      $6.5k        $24.2k        Closed         $5k       Closed     $8.5k        Closed      @2.49%
New Contributor
overwhelmed_2010
Posts: 93
Registered: ‎07-26-2010
0

Re: Credit pulls

Well I have't app in about 2 years (cc's) so I started app'ing just within this last couple of weeks and got paranoid because I act on impulse when I do...almost like a kid in a candy store. So I am DONE for another 2 years (or more) and so I wanted to see what kinda damage I have already done then I noticed the inq's so I was just wondering. This credit "game" is so confusing for me at times..You have too much credit (whether you carry a balance or not) is bad and when you don't hardly have ANY credit its still bad because it shows no history of good payments..I'm still learning and maybe one day I'll be a pro like the rest of you on here :smileywink:

Last app 10/12
**no app'ing till 10/14 or more***

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