bl00dymary wrote:To apply for credit ? I notice a lot of posts about credit apps, but don't the inquiries hurt your score? How much does an inquiry drop a score on average, and what is considered a good time frame to space them out? Also. I recently bought a car and they hit me with quite a few inquiries for that- do they all count as one? Is it a good idea to apply for cards now -will they all fall into the grace period and seem like part of the car loan inquiries or are they reported differently?
Ha! Do you know your three FICO scores? Any derogs on your reports? Do you have any CCs, if so, what are they and give CLs and balances on each?
bl00dymary wrote:Sure, give the noob a link to the faqBut how often would you suggest applying for new credit?
When auto or home shopping you will see all the inqs on your reports but FICO says they will count all of them as one. Sometimes your scores will get dinged with a new inq or new CC TL reporting but not always.
bl00dymary wrote:I see.. So I can expect my score to drop in about a month from the auto inquiries. I guess I will have to wait & see. I thought it would be a good idea to apply for a new card or two during the two week time frame- I guess I messed up there because apparently they reprt differently? I just applied for two (one approved & one declined). I hope I did not over do it. I am looking at my inquiries now and there is a lot of them from the past week.. most of them car loan related though. So will that be three actual 'hits' in all (two for the cards and one for the auto related)? Is that how it works? Did I over do it in your opinion?
dog wrote:bloodymary (and i will not go into the bathroom, shut the door, and say your name three times into the mirror),That's "red rum" you dork!!! Dog you crack me up!B Mary,Keep and eye on your reports, it always helps to know (or try to guess) where the pulls are going to happen. For example, I know that I only have 2 inq on my TU report in the last 12 months. However I have 4 on my Ex and 3 on my Eq. I'm not currently going to apply for credit, but if I were, I'd find a cc that pulls from Tu.~lori