04-18-2013 12:29 PM
Hello i was wondering when doing a hard pull obvisously it is goiing to lower your score. my question is how long does it take to get them points back?
Almost all the effects of a hard pull are remedied after 6 months, and the complete effect of it is gone by the year mark. However, hard inquiries will stay on your report for 2 years; just their effect on score will drop off after one year. All the best!
04-18-2013 12:49 PM
It's going to vary from person to person depending on the file and also how many you have. The thinner the file the bigger the impact. The more IN'q the bigger the impact, to an extent. As mentioned above after six months it's minimal and after a year it has no impact.
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