07-11-2007 11:38 AM
07-11-2007 11:44 AM
Well for me last month I started with a 744 score for Equifax (my highest) At the time my utilization was 2%. I applied for 2 cards that I knew would pull EQ and got both with a average cl of 5000.00 each. After the inquiries and cls hit my score dropped to 709
i noticed a 3 point difference when a new inquiry was added--so if you have 10 inquiries---that's 30 points. other's might have other opinions.
I am curious to--tuscani? How much does one recent inquiry cost you?
07-11-2007 11:53 AM
07-11-2007 12:19 PM
07-11-2007 12:46 PM
wow that's a crazy drop! I wonder how much those new TL's reduced your average account age. That's big hit
How long will it take someone to recover those lost points due to new tradelines such as the ones he mentioned? I myself opened new accounts-3 of them with $10,000 of average new credit. One of them just reported to the CRAs and there does not appear to be a score drop--yet
07-11-2007 01:52 PM
07-11-2007 01:56 PM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.