But going back to the original Q, let's assume here that I'm responsible enough to pay off both of my cards in full and that I get a free trial at freecreditreport.com so I can check my score for 14 days and see when Chase and FNBO report (by the way, how long does it take for them to report, anyway?).
When the credit bureaus know that my slate has been wiped clean, how badly will two CLI's and an application for another credit hurt me?
Yes, inquiries show up immediately. If you submit two applications even two minutes apart, the second creditor will see the inquiry from the first creditor, assuming they both pull from the same CRA.
I guess I just want to know what happens if I do them on the same day. If I do one CLI, then another 5 minutes thereafter, and an application 5 minutes after that, will my latest hard pull show the two previous already, affecting my chances?
WTFSEAN wrote:Also, is it true that hard pulls within a certain amount of time are treated simply as one hard pull?
Wow, thanks for that post cheddar! Those are basically most of the questions I've been wondering the past month or two. However, about the 3-4 weeks for Chase to report... I actually have two cards right now: Chase and First National Bank Omaha. Let's say I make my payments on August 4th. How long will it be until the credit bureaus see my accounts are clean?