Remember, you'll still have a couple of
hard inquiries on your credit report from applying for the 0 % card and the personal loan — but in the long run, transforming credit card debt into personal loan debt will have a positive impact on your score.
First, there's
that hard inquiry on your credit report from the credit check leading to approval of your application.
Not exact matches
Not every
hard inquiry appears
on each
credit report from the three major bureaus — Experian, Equifax and TransUnion.
Luckily, as time goes
on, the damage to your
credit score typically decreases or vanishes altogether — often even before the
hard inquiry disappears
from your
report.
But
from the description, it seem that every time when there's a
credit score change, or a hard inquiry on my credit report, or a new account has been added to the report, I will receive a email notice from Credit Karma about the changes that could affect my
credit score change, or a
hard inquiry on my
credit report, or a new account has been added to the report, I will receive a email notice from Credit Karma about the changes that could affect my
credit report, or a new account has been added to the
report, I will receive a email notice
from Credit Karma about the changes that could affect my
Credit Karma about the changes that could affect my score.
Multiple
credit inquiries» effect
on score It should now be clear that when multiple
hard inquiries from a property rental application appear
on your
credit report, any impacts to your score are likely to be small.
But when I checked the
Credit Report Card from CreditKarma, it showed that I had a hard credit inquiry recently, which I believe should have a negative impact on my score, but it's not showing in the
Credit Report Card
from CreditKarma, it showed that I had a
hard credit inquiry recently, which I believe should have a negative impact on my score, but it's not showing in the
credit inquiry recently, which I believe should have a negative impact
on my score, but it's not showing in the score.
One other point to consider is that Capital One pulls your
credit score
from all 3 main
credit bureaus, giving you 3
hard inquiries on your
report!
«When you open a
credit card account, they'll do a
hard inquiry on your
credit report,» Harzog says, «and that can make your score drop anywhere
from 2 to 5 points for each
inquiry.
This means that even if you obtain
credit from a lender that does not do a «
hard inquiry», the mere appearance of a new account
on your
credit reports will fall into this category and can lead to a score drop.
Transferring the balance to an existing
credit card saves you
from a
hard inquiry on your
credit report.
Many creditors will only pull your
credit report from one or two bureaus, meaning you could end up with more
hard inquiries on those
reports than
on reports queried less frequently.
But many people are looking for something beyond
credit cards.For those people, and particularly for those that are weary of getting so many
hard inquiries on their
credit report, there's one relatively simple method that I recommend: Gift Cards
from office supply stores plus Bluebird.