will another hard pull hurt much? time running short

[jeffg330]

Any input would be appreciated, I'll try to be brief. Just found out today the area we're looking at for a USDA rural loan will no longer quialify after 10/1 which gives us roughly 30 days to start loan process. I've been slowly working to raise my middle score (EX) up to 640 since March, but now feel the time crunch.

I've had 3 hard pulls since March of this year:. Question is how much would another hard pull now hurt my score with EX? (my June CC payment popped on CR)  Would I be better off waiting until mid August to try to save a few hard pull points? Time is running short.

3/22: EX 570  EQ 607  TU 656   opened one $300 secured CC, stupidly got one that only reports to EX and TU  it's my only CC

5/15 EX 619  EQ 607  TU 670   this was promising as it reflected new CC before I made first payment

6/11 EX 619 EQ 611 TU 703  ???  I've tried to "figure out" FICO but gave up after seeing this!

Thank you all for this wonderful Forum. I regret not dinding it 6 months earlier!!

[pizzadude]

So are you applying for new revolving credit now, to try and boost your score ? How many CCs do you have already ? How many inquiries are already on your reports ?

[jeffg330]

Thanx for responding. I have 3 hard pulls listed in 1st post. 3/12, 5/13 and 6/12. My LO told me to only open one CC (im not using her any more). I am going to open another CC but need to have my score up to 640 in less than 30 days. I'm hoping I'm close now and main question is how many points might another hard pull cost me now? Or should I wait until mid August and save the extra hard pull hit? I've read on this site that multiple hard pulls count as one from 15-45 days depending on bureau. If EX is a 15 day thing then how badly will the 4th hard pull this year hurt Ty

[pizzadude]

Ok first of all the multiple inquiries counting as one is only true for auto, mortgage , or student loan inquiries. It's really hard to predict how much a single inquiry will hurt, but it can be less than 10 pts, maybe even 5 pts.

[jeffg330]

Ty Pizzadude. I kind of though it would be an "it depends" kind of thIng. I might as well wait till next month and hope for the best. Thank you though

[thankfulheart]

Where are you getting your "hard pulls" from?  One CC app will be one pull, so I'm unclear on what the other 2 you listed are for.

Also, you can't get your EX score from anywhere except from something like a mortgage pull.  That's the one I always ignore in favor of watching my EQ and TU, both from MyFICO. EQ is spot on the money, TU varies, but is close enough. 

Finally, mortgage folks frown on opening new credit within 6 months of applying for a mortgage, so you shouldn't be apping for anything else at this point.

[jeffg330]

All 3 hard pulls were from motgage brokers thankfulheart. Thanx for the advice to NOT open another CC at this point. My main concern was only what the affect another motgage pull would have on my score. (the 4th in four months) if it would be say less then 5 points I'd probably go for it now. If more I'm going to wait another month to see if I'm up to 640 now. Being my middle score is EX, I only have one way to find out what it is. Ty