Regular Contributor
pdog661
Posts: 217
Registered: ‎03-31-2012
HP on your credit

‎01-08-2013 02:29 PM

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



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Established Contributor
namvet
Posts: 846
Registered: ‎09-22-2011
Re: HP on your credit

‎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.

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Regular Contributor
pdog661
Posts: 217
Registered: ‎03-31-2012
Re: HP on your credit

‎01-08-2013 02:42 PM

Thank you. 



Starting Score: 636
Current Score: 782
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Established Member
cleansheet
Posts: 36
Registered: ‎12-20-2012
Re: HP on your credit

‎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.


Starting Score: 2012-10-06 EX: SSN has not been allocated!
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