If I have an application for credit approved but don’t end up using the credit, can this impact my Equifax Credit Report and Equifax Credit Score?

Yes. Even if you don’t actually use the credit you’ve been given access to, your application for it will be recorded on your Equifax Credit Report. If you have a large number of credit applications on your Equifax Credit Report – or even just an above-average number of credit applications in a short space of time – this can lower your Equifax Credit Score.