01-08-2013 02:29 PM
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?
01-08-2013 02:40 PM
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.
01-13-2013 05:44 PM
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.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.