Regular Contributor
Azumi1
Posts: 145
Registered: ‎08-13-2012
REALLY?!!
I just received an alert. My score has dropped 18 pts. Reason: You may be looking for new credit...**bleep**! I haven't applied for anything in months. I did open a new checking account, but that alerted on 9/14, and my score actually increased a few days later on the 18th. Can someone explain this to me.
From 566 in 8/2012 to..

EQ 704 /TU 690 / EX 730

Discover IT 6000, Amex BCE 10000, FNBO Amex 3500, Cap 1 platinum 2000, Walmart Discover 5000, Orchard Bank platinum 3000, Best Buy 5000, Merrick Bank 1600, Target Visa 700
Moderator
Shogun
Posts: 12,884
Registered: ‎04-15-2011
Re: REALLY?!!

Did they do a HP to open the checking account?   Where did you get the alert from? 


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Regular Contributor
Azumi1
Posts: 145
Registered: ‎08-13-2012
Re: REALLY?!!
It was a sw alert for an inquiry, but that was over 2 wks ago
From 566 in 8/2012 to..

EQ 704 /TU 690 / EX 730

Discover IT 6000, Amex BCE 10000, FNBO Amex 3500, Cap 1 platinum 2000, Walmart Discover 5000, Orchard Bank platinum 3000, Best Buy 5000, Merrick Bank 1600, Target Visa 700
Senior Contributor
Walt_K
Posts: 3,065
Registered: ‎11-02-2009
Re: REALLY?!!

The reasons SW gives can't be relied upon.  Anything else change that you can see?  Utilization increase?


Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720


Take the FICO Fitness Challenge
Regular Contributor
Azumi1
Posts: 145
Registered: ‎08-13-2012
Re: REALLY?!!
Nothing that would on my credit report now. They update middle of month.
From 566 in 8/2012 to..

EQ 704 /TU 690 / EX 730

Discover IT 6000, Amex BCE 10000, FNBO Amex 3500, Cap 1 platinum 2000, Walmart Discover 5000, Orchard Bank platinum 3000, Best Buy 5000, Merrick Bank 1600, Target Visa 700
Regular Contributor
Azumi1
Posts: 145
Registered: ‎08-13-2012
Re: REALLY?!!
Both cards still under 10%. I don't understand.
From 566 in 8/2012 to..

EQ 704 /TU 690 / EX 730

Discover IT 6000, Amex BCE 10000, FNBO Amex 3500, Cap 1 platinum 2000, Walmart Discover 5000, Orchard Bank platinum 3000, Best Buy 5000, Merrick Bank 1600, Target Visa 700
Regular Contributor
Azumi1
Posts: 145
Registered: ‎08-13-2012
Re: REALLY?!!
Just checked my report, soft pull on 10/2. So why did it affect my score?
From 566 in 8/2012 to..

EQ 704 /TU 690 / EX 730

Discover IT 6000, Amex BCE 10000, FNBO Amex 3500, Cap 1 platinum 2000, Walmart Discover 5000, Orchard Bank platinum 3000, Best Buy 5000, Merrick Bank 1600, Target Visa 700
Senior Contributor
Walt_K
Posts: 3,065
Registered: ‎11-02-2009
Re: REALLY?!!

Azumi1 wrote:
Just checked my report, soft pull on 10/2. So why did it affect my score?

A soft pull would not have affected your score.

 

9 times out of 10, when someone posts something like this, there is some other change that they are not seeing.  You could also have been rebucketed (which is of course the myFICO cop out response when we can't figure out what happened).


Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720


Take the FICO Fitness Challenge
Moderator
Shogun
Posts: 12,884
Registered: ‎04-15-2011
Re: REALLY?!!

I've used that before,  rebucketed, cause sometimes I just don't know!


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Regular Contributor
Azumi1
Posts: 145
Registered: ‎08-13-2012
Re: REALLY?!!
I went over it, nothing has changed except the soft pull. That's bs when I've worked so hard to repair my credit and points are taken off just because...
From 566 in 8/2012 to..

EQ 704 /TU 690 / EX 730

Discover IT 6000, Amex BCE 10000, FNBO Amex 3500, Cap 1 platinum 2000, Walmart Discover 5000, Orchard Bank platinum 3000, Best Buy 5000, Merrick Bank 1600, Target Visa 700