Holy Cow! End of lease score plummet!

surfnspy · ‎11-13-2015

Just finished succesfully leasing for a 36 month lease with no incident. I also signed for new 36 month lease. The former really seems to be the one doing the damage. Why is that?

EX: 750 (05/2015) | EQ: 765 (5/2015) | TU: 765 (5/2015)

Barclays World MasterCard CL: $19K
Capital One MasterCard CL: $3.9K (sock drawer)
CHASE Sapphire Preferred Visa Sig CL: $20K
JPM Ritz Carlton Visa Sig CL: $20K
Inquiries: 1 (EX) 0 (TU) 0 (EQ)

CH-7-Mission-Accomplished · ‎11-13-2015

How much were the drops on each of the three FICO's??

Anonymous · ‎11-19-2015

@surfnspy wrote:
Just finished succesfully leasing for a 36 month lease with no incident. I also signed for new 36 month lease. The former really seems to be the one doing the damage. Why is that?

My experience is that you will get hits to your scores when you do new financing but it recovers quickly, I took a 14 point hit when I refinanced my car but that recovered within 30-40 days.