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How much do hard pulls hurt your score??

Contributor

How much do hard pulls hurt your score??

So, I had hards pulls 4 to be exact in 3 months.  How much will this hurt my score.  How long will it be for recovery.  It did result in 4 new credit cards that I did not have before.

Message 1 of 7
6 REPLIES
Moderator Emeritus

Re: How much do hard pulls hurt your score??

YMMV as to whether or not inquiries hurt. IME, probably 80%+ never impacted my FICO, but then again I used to have as much as 30+ on EQ and EX. Inquiries only  impact FICO for 1 yr., and if there's an impact, it'll fade over that time. Most of your score impact will be the new TLs.

 

 

Message 2 of 7
Frequent Contributor

Re: How much do hard pulls hurt your score??

To add, hard inquiries arguably have more impact in the case of a manual review, especially a mortgage. But I understand they (generally) have more score impact the higher your score is.

"Credit is purely a cash flow tool. Thinking of credit as extra money you didn't have before makes it an EXPENSIVE cash flow tool."
Message 3 of 7
Super Contributor

Re: How much do hard pulls hurt your score??

When I was in the major derog score bucket, a HP on TU cost from 0 to 15 points.

12/08/2017 FICO: EQ 843 TU 849 EX 844
Message 4 of 7
Frequent Contributor

Re: How much do hard pulls hurt your score??

These pulls will stay on your report for 24 months but they should only really effect your score for about 12 months or so


Starting Score: EQ FICO 777
Current Score: EQ FICO 803
Goal Score: EQ FICO 810


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Message 5 of 7
Regular Contributor

Re: How much do hard pulls hurt your score??


cassembler wrote:

To add, hard inquiries arguably have more impact in the case of a manual review, especially a mortgage. But I understand they (generally) have more score impact the higher your score is.


Very true! Most every action that could be considered negative (or non-positive) effects higher scores more.

 

The higher your score is, the more volitile it becomes. Never will understand this.

Message 6 of 7
Frequent Contributor

Re: How much do hard pulls hurt your score??

Augh yes very good point, seems like everyting effect's my score no matter what I do good or bad!  Well mostly always good!

 

Smiley Wink


Starting Score: EQ FICO 777
Current Score: EQ FICO 803
Goal Score: EQ FICO 810


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Message 7 of 7