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New Member
goose1
Posts: 10
Registered: ‎09-03-2012
0

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
New Member
goose1
Posts: 10
Registered: ‎09-03-2012
0

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
creditnocash
Posts: 2,255
Registered: ‎07-23-2012
0

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 701 10/14 Walmart Fico 689 9/14

Inquiries (24 Months): EQ 3 TU 0 EX 0 | Most Recent: 09/26/2014


2014 Goals:
Lower Utility
47%(OUCH!!)
Freedom Signature

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
New Member
goose1
Posts: 10
Registered: ‎09-03-2012
0

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
adavis425
Posts: 525
Registered: ‎02-14-2012
0

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


Moderator
LIGHTNIN
Posts: 4,152
Registered: ‎03-24-2008
0

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

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