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What did I do?

New Member

What did I do?

Asking for help fellow ficoer's.  I was at 788 in Equifax for a while with AAoA at 5.7, oldest account 15 years, UTI less than 1% and no negatives at all.  So I applied for Discover IT and approved but the account hasn't shown up yet, but only the INQ which stands at 3.  I recently paid off a loan which brought my revolving accounts down to 2 ( was previously getting negative indicators because I had 3).  Long story short (too late I know) but now my EQ FICO is 762.I'm deploying for the next 7 months so its not huge but plan on buying a home when I return and want the best rates.  Can anyone point me in the right direction as to what happened?

NFCU Visa Signature17.5k, AMEX BCE 13.3k, Discover IT 8K, USAA Visa 4K
5 REPLIES
New Member

Re: What did I do?

Sorry...It's down from 788... Thats 26 points...any ideas?

NFCU Visa Signature17.5k, AMEX BCE 13.3k, Discover IT 8K, USAA Visa 4K
Valued Contributor

Re: What did I do?

was it a new auto loan? 

maybe the drop in aaoa from the discover? 

over times it will grow again. 

even with a 750 you can get the best rates i believe. 

Current: Discover Fico 709 3/15 Walmart Fico 743 4/15

Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Over 12 Months:9


2015 Goals:
Lower Utility
Earn Cash Back

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$7,400
Citi DC $10,000
Citizens Mastercard$7,000
Highlighted
New Member

Re: What did I do?

The INQ was for a new Discover CC, the INQ showed up but account hasn't hot yet so I'm very curious.  I know its greedy to nit-pic about such things but I am blown away by the real FICO score loss

NFCU Visa Signature17.5k, AMEX BCE 13.3k, Discover IT 8K, USAA Visa 4K
Established Contributor

Re: What did I do?

Inq usually shows up first. Don't know that it would cost you 26 points though. You sure nothing else is going on?

AmEx Platinum | AmEx BCP | AmEx Delta Gold | CSP | Chase Freedom | NFCU cashRewards Visa Sig | NFCU Plat MC | WM MC | Discover it | JCP


Senior Contributor

Re: What did I do?

Locked thread to direct others to your thread here:

 

 

http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/What-did-I-do/m-p/1636548#U1636548

FICO's May 2015 EQ764 ~~Live below your means and always keep an emergency fund -Love Everybody ~ Big Kenny ~ Big and Rich ~~~~~Credit Scoring 101 - Common Abbreviations - Freq Req Threads - Free Credit Reports - What Steps Do I Take?DV? PFD?