04-17-2007 01:20 PM
04-17-2007 01:26 PM
04-17-2007 01:29 PM
04-17-2007 01:36 PM
lexus4me wrote:Myfico monitor reported the change in my score and the reason given was 'you recently requested or have been seeking new credit'...I was not seeking any other credit and only accepted the 'credit increase offer' from the screen on my account for that particular card.It takes many inquires in rapid succession to cause that type of drop. Your lender probably ran a hard instead of a soft inq. I hate it when they do that especiall when they are making the offer. Check your inquiries and if you did not authorize a ard, call and ask them to remove it or dispute it if its anywhere but Experian
04-17-2007 01:42 PM
04-17-2007 01:49 PM
lexus4me wrote:There is only one Inquiry reported on my Credit report, and it is from that bank. And, yes, it was a hard inquiry, but I have had hard inquiries in the past, like shopping for a mortgage, and that didn't even drop it 8 points. That was why I posted this note...it seemed really extreme. In fact, the last credit inquiry on my report was for that Mortgage shopping I did in May of 2006 when I bought my current house.I'll admit that I've never seen this either. Did you pay off an installment or close an account.? That is truly wierd.
04-17-2007 01:52 PM
04-17-2007 03:36 PM - edited 04-17-2007 03:42 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.