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applying for credit - means score goes down
Anyway i digress
My question is once you've applied for credit how long after does it take for your score to go back up? as in its gone down by 46 points. seems a large amount.
once again dont come here saying your score means nothing it is a credit ratings forum and i am asking the questions based purely from a score perspective:money:
Comments
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Your score should start moving up again in the next six months.
(Just so I don't get flamed by other MSEers for the above comment, I wish to inform you that your score is meaningless as lenders neither see it nor use it)
I work within the voluntary sector, supporting vulnerable people to rebuild their lives.
I love my job
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3 weeks and 4 days.0
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Top banter0
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top banterDeleted_User wrote: »3 weeks and 4 days.0 -
Oh my God! It is really pretty0
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You're asking questions from a "score perspective" yet you already know that the score given by the CRAs is meaningless.
An internal score by a lender is important but you will never see how they score you or what their algorithms are to stop people gaming the system. That score is not the score that the CRAs give you. The CRA make money by selling you services to improve the score that they set themselves - a nice little earner. Pay me £10 a month and I'll tell you your score has gone from 1000 to 1000000 over a year and it'll have exactly the same worth as Experian's score.
The fact your score is down 46 is irrelevant, it will have zero impact on future applications, only the data itself (that you have applied and perhaps have extra credit) is looked at by a lender.Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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here we go. i knew we'd get one. How many times did i say i know its meaningless. i just wanted to know a score based question.
This forum is rubbish. All everyone wants to do is post how your score is meaningless everytime you post. Some of us know this already.0 -
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here we go. i knew we'd get one. How many times did i say i know its meaningless. i just wanted to know a score based question.
This forum is rubbish. All everyone wants to do is post how your score is meaningless everytime you post. Some of us know this already.
Your question is hard to understand
You know the score is meaningless, yet you want to know how long before said meaningless score goes back up, despite the fact you know the score doesn't make a jot of difference to applications?Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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