topic 19 pt decrease in Understanding FICO® Scoring

19 pt decrease

princessornurse — Sat, 26 Nov 2011 08:48:41 GMT

So I was feeling good about my 629 experian (I know, it's not high, but it was 513 a month ago). I decided I would apply for a visa credit card. Not only did I get the "Can't make the decision now, we'll send you something in writing" message, my score dropped 19 points overnight. I did have another inquirt on my report from Feb. Ugh.

Re: 19 pt decrease

princessornurse — Sat, 26 Nov 2011 09:12:47 GMT

I do the score watch through the experian site. Not sure if that's what people on the board call fako scores.

Re: 19 pt decrease

mtrsprt — Sat, 26 Nov 2011 11:24:51 GMT

19pts seem rather large for one inquiry. My score dropped only 7 points after 4 hard inquiries in the past 4 weeks.

Re: 19 pt decrease

llecs — Sat, 26 Nov 2011 14:11:00 GMT

@classydread wrote:
I do the score watch through the experian site. Not sure if that's what people on the board call fako scores.

Experian doesn't offer a product called ScoreWatch (only Equifax and myFICO), and none of the scores on Experian's website are FICO scores. I'd ignore them. Just because a FAKO changes by 19 doesn't mean FICO would do the same. I've had that very FAKO (called a PLUS score on Experian) increase and FICO decrease on the exact same day for the same report, and vice-versa.

Re: 19 pt decrease

princessornurse — Sat, 26 Nov 2011 16:41:21 GMT

Ok, I was really concerned. Thanks.