Credit inquiries are logged on your file for a period of 2 years. Some argue that the score itself is only effected for 12 months, but the inquiry is visible for 24 months.
as long as your credit file contains negative information it will always impact your credit score
typically, a credit score will go DOWN a little when you get a loan or have any inquiries on your personal credit information. The credit score usually goes up after there are reports that you have made timely payments on a loan and after you have some assets that are of real value.
Living with parents does not directly impact credit score. Credit score is based on an individual's credit history and financial behavior, such as paying bills on time and managing debt responsibly. However, if a person living with parents is not building their own credit history, it could potentially affect their credit score in the long run.
no it doesn't as long as you both don't at the same time.
2 years
as long as your credit file contains negative information it will always impact your credit score
Hard inquiries stay on a credit report for about two years. While they may impact your credit score in the short term, their effect on your score diminishes over time. Multiple hard inquiries within a short period can signal to lenders that you are taking on too much debt.
typically, a credit score will go DOWN a little when you get a loan or have any inquiries on your personal credit information. The credit score usually goes up after there are reports that you have made timely payments on a loan and after you have some assets that are of real value.
Living with parents does not directly impact credit score. Credit score is based on an individual's credit history and financial behavior, such as paying bills on time and managing debt responsibly. However, if a person living with parents is not building their own credit history, it could potentially affect their credit score in the long run.
2 years
no it doesn't as long as you both don't at the same time.
A declined credit card does not directly impact your credit score. However, if you consistently have declined transactions, it could indicate financial instability and lead to potential negative effects on your credit score in the long run.
your bill payment history, the number of accounts you have and what kind, how long you have had your accounts open, and your recent credit activity.
Payday loans can be use to affect your credit score positively, but this must be done carefully and other types of loans may be better for long term rehabilitation of your credit score. However, payday loans can also affect your score negatively if you consistently use them and don't get out of debt entirely, as being in debt affects your credit score (and not making progress getting out of it).
As long as you are not able to pay on time your credit cards and you are not maintaining a good credit payment schedule, your credit score is affected. Therefore, you must pay or settle all your accounts with your credit card in order to have a good credit score. There are ways on how to do this. Search online , there are sites that give honest and effective advice.
Your credit score will not affect available debt relief plans so long as you go through a non-profit credit consolidation agency. There are many scams out there, so non-profit is the only way to go.
Yes closing a credit card can damage your credit score. But as long as everything else is good it should not affect you credit rating to much. Look for tips to keep a good credit card rating.