03-11-2013 08:45 PM
got to 710 from 620, decided to apply for discover... got denied,called them to recon... denied... could it have been the original inquiry or recon to bring me down??? i thought it was a fraud alert that lowered my score... went from 710 to 681... -29 points.... is it possible to get those back with the utilization. 2% on largest card and 0% on smallest??? WHAT can i do to get those back transunion at 727 would love to have both at 7 darn it..
03-11-2013 08:48 PM
that's a huge drop for an inquiry. Are you sure nothing else is wrong? I thought it was usually around a 5 point drop when you app.
Do you have another report that is better than whoever discover pulled the first time? My brother called in and had them pull Equifax during his 2nd recon with chase and they approved him on that report after declining using experian.
Good luck. I hope someone has a better answer for you than I did.
03-11-2013 08:49 PM
That's a pretty good drop in FICO. Have you checked your reports for possibly a new collection or do you have high utilization that reported? If it is in fact utilization that's pulling it down, then paying your balances down before report date will definitely help your score. But since the drop was only on one CB, sounds like it may be some other kind of change in your report.
03-11-2013 08:54 PM
Thats a hugh drop for 1 app...check your CR to be safe
03-11-2013 08:55 PM
this is why i originally thought it was the fraud alert added on the equifax. since the 710 the only thing thats change is A. fraud alert added and B. discover inquiry.. even i was suprised. 29 points thats huge... and currently im only at 1% utilization so it cant be that because the statement hasnt cut yet. i was at 700's less than two weeks with eq. totally confused...
03-11-2013 08:59 PM
As long as all bills were paid on time and with low UTL you should not see drops that big...be proactive and check your CR...better safe than sorry also when letter comes from denial see what it says and address the issues with a possible RECON. you already took the HP....Good Luck Best wishes
03-11-2013 09:02 PM
i already checked the report. like i said before only difference is fraud alert and discover inquiry which i recon'd and -29 points after that those this sound like protocol?
03-11-2013 09:08 PM
03-11-2013 09:59 PM
03-11-2013 09:59 PM
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO