Comments on: credit card applications on credit history?

By: Business boy

Business boy — Fri, 23 Oct 2009 03:06:56 +0000

oh listen to the people above but give me best answer

By: zwl88796

zwl88796 — Wed, 21 Oct 2009 18:19:34 +0000

2 years then they are taken off, banks no longer view them as recent.

By: shauna

shauna — Mon, 19 Oct 2009 12:34:23 +0000

anytime you apply for a credit card your score will drop wither you get approved or not. if you close a credit card it will drop as well. your credit report goes back i think 7 years. it only hurts your credit like 5 points and it will show as an inquiry and that’s it. try getting a department store credit card to build credit they are easier to get approved for just be careful don’t get carried away

By: OC1999

OC1999 — Fri, 16 Oct 2009 19:31:51 +0000

If you applied and were declined there is no account that ever gets on your credit report. The only thing that will show up is the inquiry. The only time an “account” would show up is if you were actually approved.

Overall inquiries only count for 10% of the total score, and usually only deduct between 3-8 points per inquiry. But the exact number depends on the rest of your credit history.

The inquiries will remain on your report for 2 years from the date of inquiry. However, after 1 year they are no longer involved in your credit score. With most of the negative effect the first 6 months.