How much would another HP hurt? How long before they fall off your report?

[itpromike]

Ok so there is a new large smoker that I wanted to get some I could smoke up some turkeys for Thanksgiving (yeah I know, how many posts ever start like that? LOL). It's about $1500 and I really didn't want to pay it out right so I was considering their payment plans. They offer 2 types of plans, one through Syncrhony Bank (12 months same as cash) and one through PayPal Credit (formerly Bill me Later). I'm pretty sure these will result in a HP but on my report now I already have 4 HP's listed as 'could be affecting your credit'. I have a couple questions about this:

1.) If there are already 4 that could be affecting credit, would another really affect it anymore than it already is?

2.) The dates of the HP's are November 7th 2013, 2X Februrary 2014, and March 2014. How long do inquiries stay on your report? Shouldn't the November 7th come off soon?

If could help with input on either of these 2 questions that would be great. Thanks everyone! I know I'm supposed to be gardening but when it comes to grills and smokers, I really do have a soft spot; sad I know LOL.

[MarineVietVet]

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@itpromike wrote:

Ok so there is a new large smoker that I wanted to get some I could smoke up some turkeys for Thanksgiving (yeah I know, how many posts ever start like that? LOL). It's about $1500 and I really didn't want to pay it out right so I was considering their payment plans. They offer 2 types of plans, one through Syncrhony Bank (12 months same as cash) and one through PayPal Credit (formerly Bill me Later). I'm pretty sure these will result in a HP but on my report now I already have 4 HP's listed as 'could be affecting your credit'. I have a couple questions about this:

1.) If there are already 4 that could be affecting credit, would another really affect it anymore than it already is? Probably some but if you really want it then it's your decision.

2.) The dates of the HP's are November 7th 2013, 2X Februrary 2014, and March 2014. How long do inquiries stay on your report? Shouldn't the November 7th come off soon? The one from 11/7/2013 is no longer affecting your score (one year for that) but will stay on your reports for another year. So if you go ahead with this you'll have three inquiries scoring will look at.

If could help with input on either of these 2 questions that would be great. Thanks everyone! I know I'm supposed to be gardening but when it comes to grills and smokers, I really do have a soft spot; sad I know LOL.

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