Score effect of inquires

[Anonymous]

Good information and nice to know that there is no tapering effect and the score will adjust at the 1 year mark. 

I have 19 accounts on my report that yield a 7.5 year AAoA.  If I had 3 new CC's, my AAoA would drop to 6.5 years.  Research tells me that each of the 3 CC's I'm looking to get will result in only 1 HP on 1 bureau with a end result of 1 additional HP on each bureau (the cards each pull from a different bureau).  I only have 1 HP on each bureau now, so that'll raise me to 2 HP's total on each bureau with a 1 year drop in my AAoA.  Venture to guess approximately how many points my scores will drop as a result of this?

[Anonymous]

I applied for two rentals within a month. Both TU hard pulls. How will FICO respond? Total 4 HPs, one about to drop off, current TU FICO 717.

[Appleman]

buffett,

It would be a guess. I would recommend that you sign-up for 1/all of the following:

wallethub

credit karma

credit sesame

Each will give you your TU Vantage 3.0 score. While not a FICO score it will help you track that report (and equifax with CK) for free.

You receive an alert when there is a change in the file including credit pulls.

[Anonymous]

Score dropped 5 points to 712.  I don't know if both pulls were counted.  EQ and EX not affected.  EX at 707, EQ not known.  4,5,4 hp's registering.  1 scheduled to fall of TU, 2 off EQ in the next few months.   No hard pulls planned indefinitely.  $40K available credit on 6 credit cards, 1 charge card (AMEX senior gold).  Trying to get a student loan dischagred because of disability.  Still in grace period.

[Anonymous]

Spot on.  I had numerous inquiries and some didn't make it the full 2 years.  My Ex & EQ are still up there a bit but nothing like they were.  I was down to 4 on TU.  Seems that some only lasted 16-18 months.  

[Thomas_Thumb]

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@Appleman wrote:

buffett,

It would be a guess. I would recommend that you sign-up for 1/all of the following:

wallethub

credit karma

credit sesame

Each will give you your TU Vantage 3.0 score. While not a FICO score it will help you track that report (and equifax with CK) for free.

You receive an alert when there is a change in the file including credit pulls.

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Consider credit.com as well - it provides a report summary based on Experian and gives you credit scores based on your EX data for VantageScore 3.0 and Experian's National Equivalency model.