topic Re: Target card pulled 7 pts in Understanding FICO® Scoring

Target card pulled 7 pts

Anonymous — Sun, 02 Sep 2012 23:26:09 GMT

I know my credit Score is not high but 7 points from target?? Holy smokes makes me not want to apply for a secured card. Maybe we should have a post for how much each company pulls in general.

Re: Target card pulled 7 pts

jsucool76 — Sun, 02 Sep 2012 23:37:10 GMT

What do you mean by "how much each credit card pulls."

Did you lose 7 points from an inquiry, or from the new account reporting and the inquiry?

7 points isn't really a whole lot, you'll get it all back once the card gets a few months under it.

Re: Target card pulled 7 pts

llecs — Sun, 02 Sep 2012 23:53:48 GMT

Are you comparing FICO scores? Or is one or both a non-FICO?

Re: Target card pulled 7 pts

Anonymous — Mon, 03 Sep 2012 00:53:13 GMT

I have never tracked my fico score before. So this is new to me and my spouse. But when I applied for a target card the inquiry dropped my score by 7 , and I think I was not approved as well, I will receive a letter in the mail

Re: Target card pulled 7 pts

jsucool76 — Mon, 03 Sep 2012 23:33:12 GMT

Almost all inquiries will lower your scores a little bit, so that is something you'll get used to eventually.

Scores will drop from new accounts for 2 reasons..

1) the inquiry will take you down a few points

and

2) If you are approved the new account will lower your aaoa (Average age of accounts)

Re: Target card pulled 7 pts

Anonymous — Tue, 04 Sep 2012 02:03:07 GMT

I seriously think I was declined the receipt said they need further processing and I will recieve a letter in 10 days.

Re: Target card pulled 7 pts

jsucool76 — Tue, 04 Sep 2012 21:14:17 GMT

I think target backs the card themselves, so I don't know of any backdoor number to call or anything.

Good Luck, it's not that great of a card anyways

Re: Target card pulled 7 pts

Anonymous — Wed, 05 Sep 2012 03:30:19 GMT

I read reviews after applying and most say no cli, so I'm glad .
I did get approved for a capital one secured card so at least I have hope! I do

Re: Target card pulled 7 pts

jsucool76 — Sun, 09 Sep 2012 22:50:59 GMT

Congrats. Cap1 denied me for their secured card about a year ago. I think that their Secured card comes with a free credit monitoring service, you should get a packet about it when your card arrives.

Re: Target card pulled 7 pts

Shogun — Sun, 09 Sep 2012 23:37:00 GMT

Garden your Cap1. What's your CR look like? Are there some things you can do to improve it? Work on that, wait 6 months and try again if you want it.