How long does it take for your credit score to bounce back from hard pull?

A new inquiry having an effect on most credit scores is MORE MYTH than reality... I usually say that for 95% of the people, 95% of the time, an inquiry means nothing to you or your score. www.Minneapolis-Mortgage.net

The simple act of having your credit report pulled will not have a notable impact on your credit score. Credit inquires impact your credit score when there are multiple inquires, from multiple companies, across various industries (i.e. auto loan, then credit card, then mortgage, etc.). Even the act of have your credit report obtained from 2 different lenders within a short period of time will not have a notable impact on your credit score (provided the data between reports remains unchanged). John A Soricelli Jr. When You Think Mortgage; ThinkJandJ.com

Typically for a mortgage inquiry, you can have several within a 30 day period before it will affect your score. Similar to an auto loan, it is expected that you will be shopping for the best rate and product. However, once it has been more than 30 days, it appears that you are either having a hard time obtaining credit or are taking out a lot of credit and then it can impact your score. www.wendynelsonmortgage.com

Hi Jerome, your initial inquiry may have an effect on your score but, you would never know as it is your initial inquiry. Consumers are allotted several inquiries from similar industries in a reasonable time period (generally 2-3 months) where, if nothing else changes, your scores will not vary from bank to bank. The credit algorithm is programmed to allow consumers to "shop". Now, if you go and get your credit pulled for a mortgage, car loan, credit card and business loan.....that will affect your score. Feel free to give me a call or email if you would like to discuss further. I've been trained by several vendors and am well adept in the credit world. David Ortega - Satori Mortgage - 952-544-1706 - dortega@satorimortgage.com - www.SatoriMortgage.com