Reply
Contributor
praise123
Posts: 108
Registered: ‎06-24-2012
0

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.

Moderator Emeritus
llecs
Posts: 32,869
Registered: ‎08-04-2007
0

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.

 

 

Frequent Contributor
cassembler
Posts: 470
Registered: ‎02-07-2011
0

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."
Super Contributor
marty56
Posts: 5,696
Registered: ‎10-06-2007
0

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.

11/28/2014 FICO: EQ: 796 EX:788 TU:803
Frequent Contributor
BigDaddy18
Posts: 673
Registered: ‎04-23-2009
0

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


Take the FICO Fitness Challenge

Regular Contributor
tmbr10
Posts: 106
Registered: ‎04-06-2012
0

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.

Frequent Contributor
BigDaddy18
Posts: 673
Registered: ‎04-23-2009
0

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!

 

:smileywink:


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


Take the FICO Fitness Challenge


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}