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Frequent Contributor
pdog661
Posts: 365
Registered: ‎03-31-2012

HP on your credit

Hi,

 

Does anyone know the metric used to determine how much effect hard pulls have on your score as they age?

 

IE does a HP that is 9 months have the same effect on your score as a HP that is 1 month old?

 

Thanks

Established Contributor
namvet
Posts: 866
Registered: ‎09-22-2011

Re: HP on your credit

As HPs age they have a smaller impact on your credit score.  Most damage is done during the first 6 months, less during the 2nd 6 month period and no effect in the third 6 month period.

Frequent Contributor
pdog661
Posts: 365
Registered: ‎03-31-2012

Re: HP on your credit

Thank you. 

Established Member
cleansheet
Posts: 39
Registered: ‎12-20-2012

Re: HP on your credit

There is also an effect from length of credit history, at least that was the effect of some experimenting I did with the score simulator.  Having a short history means the HP has much more effect than having a long history, it will both have more negative at the start, and will age more slowly.



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