How do I deal with 2 hard pulls on my credit? (both 2 weeks apart)

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Moizy
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How do I deal with 2 hard pulls on my credit? (both 2 weeks apart)

Postby Moizy » Tue Apr 09, 2013 8:43 pm

I made a thread here a while back seeking help after getting denied a capital one secured card with no credit history. Once I was denied that card, I applied for a U.S Bank Harley Davidson Secured Card. Great card with no annual fees. High APR but doesn't affect me as I pay my bills on time.

Anyways I was approved for that card and I have been making full balance payments for the past 3 months. I am seeking to apply for another card that is unsecured by mid next year based on the credit I build this year. I am probably going to get a card with a $500 credit limit since I am just starting out.

My question is, how will those 2 Hard Pulls on my credit affect me in acquiring other cards? The first pull by Cap One was on Jan 2nd, 2013 and the second by U.S Bank was on Jan 15th, 2013.


Daniel
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Postby Daniel » Wed Apr 10, 2013 12:43 pm

Moizy wrote:I made a thread here a while back seeking help after getting denied a capital one secured card with no credit history. Once I was denied that card, I applied for a U.S Bank Harley Davidson Secured Card. Great card with no annual fees. High APR but doesn't affect me as I pay my bills on time.

Anyways I was approved for that card and I have been making full balance payments for the past 3 months. I am seeking to apply for another card that is unsecured by mid next year based on the credit I build this year. I am probably going to get a card with a $500 credit limit since I am just starting out.

My question is, how will those 2 Hard Pulls on my credit affect me in acquiring other cards? The first pull by Cap One was on Jan 2nd, 2013 and the second by U.S Bank was on Jan 15th, 2013.


The majority of lenders apply weight to the time since last inquiry, and many of them disregard inquiries older than 12 months (just because they don't affect your score doesn't mean they can't be considered).Assuming you are applying next January or later, I would bet that all else being equal, your resulting application score(not credit score) will not be too terribly different with the 2 inquires or without, obviously it depends on the issuer though.



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