This means any score improvements in this bucket are not as significant when only one major derogatory like a collection account is deleted and other major derogs
remain on your credit profile.
Not exact matches
Knowing how to manage inquiries to ensure the least amount of impact
on your
credit profile is a good first step to ensuring your score
remains high.
Many businesses have a permissible purpose or legitimate business reason for requesting your personal
credit profiles and when they they do, these «authorized soft inquiries» appear and usually
remain on your
credit reports for 1 to 2 years and DO NOT hurt your
credit score.
When those other,
remaining items are verified as accurate, they'll be required to stay
on your
credit profile for seven to ten years!
Cancelling the card will reduce the amount of «
credit» you are using, but everything you've done
on the card in the past year still
remains on your «
credit profile» and hence actually closing the account probably won't have any impact
on your
credit rating.
After that, your
remaining balance will accrue 14.49 % to 20.49 % APR depending
on your
credit profile.
Piling
on top of that, Fitch Ratings recently released research showing that while REIT
credit profiles remain strong, they have marginally deteriorated during the last six months.