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New Contributor
kese
Posts: 60
Registered: ‎07-09-2012

Re: I would like to know if your score drops after the loan h...

[ Edited ]

For   Credit_Query01

 

My Auto loan hit all 3 CBs. Good news is i did nt loose 30 points. I think i lost about 3-5 points. But when all 3 new credit accounts, applied for Chase freedom (3000), Amex gold skymiles (2500), BCP(1000) hit my report with the Auto loan, i lost a total of 17 points. I am now at 696 instead of 713 in trans union. Equifax did not move at all- auto loan and all cards gave me SW alert but no change in score. I dont mind that.


Starting Score: 598
Current Score: Trans union fico 713 (myfico 11/1/2012), EQ fico 671, exp 666 by AMEX
Goal Score: 720 across

In my wallet: GE/walmart at $10500, 2 capital ones at $750 each, Elan financial at $400, Amex BCP-$1000, AMEX Gold Delta at $2500, Discover more at $6,000 and Chase freedom at $3000

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Established Contributor
maiden_girl
Posts: 1,157
Registered: ‎12-29-2011

Re: I would like to know if your score drops after the loan h...

How long did it take for your auto loan to hit your credit? I'm still waiting for mine. The inquires are there but it has not reported yet.

The truth is out there...

FICO scores: 677 (EQ) 664 (EX) 681 (TU) | Goal scores: 750+ (all 3)
Open loans: Hyundai Motor Finance - $12k balance | 60 months @ 4.9% (First Time Buyer 12/2012)
My Wallet: Capital One 1.5k | Macy's 1.0k | Living Spaces 8.5k | Ashley 5.5k | Amazon 2.0k | Discover IT 1.5k | Walmart Discover 1.5k | Chase Freedom 4.5k
Valued Contributor
creditnocash
Posts: 1,922
Registered: ‎07-23-2012

Re: I would like to know if your score drops after the loan h...

kese! congrats on the car. i did the same thing on aug 30th hence my last inqueries. 

 

they pulled all three reports twice for me. tu was auto enhanced at 707 when i pulled that morning from here it was 689 so i wasnt complaining. 

got the 0% deal as well. 

 

and maiden my loan hit about 10 days after my first payment. so about the 11th of october. 

 

Current: EQ FICO 690, TU FICO 692, Walmart TU 737 EX FICO 726 Amex Pull(1/1/13)

Starting total revolving credit: $2600 | Current total revolving credit: $21,600

Inquiries (12 Months): EQ 6 TU 4 EX 5 | Most Recent: 8/30/2012


2013 Goals:
Freedom Signature
Costco:True Earnings

Amex Zync(Unicorn)
Chase Freedom$1500
Citizens Mastercard$5000
Valued Contributor
tooleman694
Posts: 1,924
Registered: ‎08-25-2011

Re: I would like to know if your score drops after the loan h...

My loan took a month or so to report, I lost 4 points on my EQ.

 

Congrats on the loan, id love to get a zero percent.

Established Contributor
maiden_girl
Posts: 1,157
Registered: ‎12-29-2011

Re: I would like to know if your score drops after the loan h...

Thanks for the info creditnocash!

 

I can't wait for mine to hit! My first payment is next month! I want to see how it's going to affect my credit mix :smileyhappy:

The truth is out there...

FICO scores: 677 (EQ) 664 (EX) 681 (TU) | Goal scores: 750+ (all 3)
Open loans: Hyundai Motor Finance - $12k balance | 60 months @ 4.9% (First Time Buyer 12/2012)
My Wallet: Capital One 1.5k | Macy's 1.0k | Living Spaces 8.5k | Ashley 5.5k | Amazon 2.0k | Discover IT 1.5k | Walmart Discover 1.5k | Chase Freedom 4.5k

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