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If you apply for two different credit cards within a couple days of each other does that count as one inquiry and if you are approved for both and cancel one of them does that affect your credit also?
Wiki User
∙ 18y ago
two different applications counts as two different inquiries. You should have kept both credit cards because the fact that you were applied and were approved will still show up on your credit report. Doesn't mean it will be a negative but it may still show up.
Wiki User
∙ 18y ago
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If you apply for a consolidation loan but cancel it 2 days later before check arrives will it appear on your CR as an inquiry or account?
There is a federal law referred to as the "Cooling Off Rule". It applies to the majority of lending transactions and in this instance would be valid. The consumer is given three business days to cancel the contract. If this was done, the transaction would not appear on the credit report. I respectfully disagree with the previous answer. "Cooling off" in this case applies to the loan itself, but not to the inquiry. Inquiries are routinely performed in conjunction with many applications that never result in an account being established. So, the consumer (most likely) gave consent for the inquiry, but then declined to open the consolidation loan. The inquiry can appear on your credit report, but the account should not. You have the option of requesting the lender to remove the inquiry as a gesture of good will.
If you apply for a credit card do you then have an option to accept or decline if you get approved or do you have to cancel the card if you decide not to take it?
Applying for a credit card does not mean that a person has to us it. It is advisable that the person does not cancel the card, as this actually is harmful to credit scores, while having an unused credit card can be beneficial for credit scores.
Does it hurt your credit if you cancel the card after it opens?
Yes, it will have a negative affect on a credit report, usually temporary perhaps 90 days.
How do you cancel nordinvestcomp?
We had to cancel our credit card to get rid of the continuing charges
How do you cancel a Loan. I want to cancel my loan of 400. How can I do that?
The only way to cancel a loan is to pay it off. The lender owns the loan and you have no control over it at all.
How do I transfer colleges when loans are already approved for a different college?
You get new loans for yoru new college, and cancel the old loans for the old college.
How long do you have to return a new car in Arkansas?
There is no 3 day right to cancel in Arkansas after buying a new car. A car can be returned however if the financing is not approved. Dealers can if they choose to offer a right to cancel.
If you apply for a consolidation loan but cancel it 2 days later before check arrives will it appear on your CR as an inquiry or account?
There is a federal law referred to as the "Cooling Off Rule". It applies to the majority of lending transactions and in this instance would be valid. The consumer is given three business days to cancel the contract. If this was done, the transaction would not appear on the credit report. I respectfully disagree with the previous answer. "Cooling off" in this case applies to the loan itself, but not to the inquiry. Inquiries are routinely performed in conjunction with many applications that never result in an account being established. So, the consumer (most likely) gave consent for the inquiry, but then declined to open the consolidation loan. The inquiry can appear on your credit report, but the account should not. You have the option of requesting the lender to remove the inquiry as a gesture of good will.
Can the things that you eat affect the pH in your bloodstream?
Yes. and the function of your kidneys is to cancel out those changes.
Will Benjamin burnley's lung infection affect his tour?
Yes it will because of his lung disease they had to cancel it
How long will a title pawn lien stay on a title?
Until you pay the pawn man. You then need the pawn shop to cancel the lien and have it approved at the dmv.
How dos a virus affect a computer?
a virus affect a computer by infecting the files corrupting the database or hamper the functioning of a com Cancel puter system
Why do you use baking soda and salt if they cancel each other out?
They do not cancel each other out. Each serves a different purpose in cooking and baking.
How does the environment affect the formation of a fossil?
Hail storms have been known to cancel fossilizations
How do you cancel unauthorized transactions to my account?
There different ways to cancel unauthorized transactions to your account. You should contact the respective institution so as to cancel the transactions through phone, email or visiting the place in person.
How do you cancel your cable service?
Call your cable company provider, and tell them you would like to cancel it, they will give you step by step what to do, every company is different.
Does caffeine and nitric oxide stack together or do they cancel each other out?
Caffeine and Nitric Oxide has extremely different effects on the body. The two do not cancel.
