@rip1234 wrote:
IF YOU OPEN AN NEW ACCOUNT IT SHOULD DROP YOUR SCORE EVEN IF YOU HAVE NOT USED THE CARD, ALSO YOU WILL HAVE NEW INQUIRIES TOO. 3 NEW INQUIRIES AND A NEW OPEN ACCOUNT COULD DROP YOUR SCORE BY 19 POINTS
Hi rip1234 and welcome to myFICO.
19 points? May I ask where you got the formula to determine exactly how certain actions result in x number of points lost?
This may have been your personal experience but everyone's credit profile is different and constantly changing and therefore a new account and inquiry (or any credit decision) might very well affect 5 different people 5 different ways.
From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782
"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".
