topic Re: Score Increase AFTER inqs! WHAT? in Understanding FICO® Scoring

Score Increase AFTER inqs! WHAT?

Bluedog23 — Sun, 13 Jul 2014 03:07:07 GMT

Been reading thread about how temperamental new EQ scoring model can be. Most have been seeing strange drops. I however saw an 8 pt increase on 7/10 after a DCU membership pull-- score goes from 762 to 770. No other activity. Score watch alerts me of the inq and of the increase.. Then DCU pulls a second time ( as they strangely do) on 7/11 for auto loan app. Get the alert from SW but no drop in score. Stays at 770. I'm not complaining, just saying ---I don't get it. I was expecting a drop but not an increase. Maybe it'll shoot up again when the car loan reports!

Re: Score Increase AFTER inqs! WHAT?

mongstradamus — Sun, 13 Jul 2014 03:33:37 GMT

@Bluedog23 wrote:
Been reading thread about how temperamental new EQ scoring model can be. Most have been seeing strange drops. I however saw an 8 pt increase on 7/10 after a DCU membership pull-- score goes from 762 to 770. No other activity. Score watch alerts me of the inq and of the increase.. Then DCU pulls a second time ( as they strangely do) on 7/11 for auto loan app. Get the alert from SW but no drop in score. Stays at 770. I'm not complaining, just saying ---I don't get it. I was expecting a drop but not an increase. Maybe it'll shoot up again when the car loan reports!

I don't know if inq don't report till following month or what but had similar cirumstance when i apped for my CSP my score went up an few ticks.

Re: Score Increase AFTER inqs! WHAT?

Revelate — Sun, 13 Jul 2014 07:39:01 GMT

Unless you're incredibly good at isolating changes on a credit report (read: better than I and I'm a FICO geek), it's nearly impossible to state what every change in one's score can be attributed to.

An inquiry is never a positive. Never to everyone's testing and anecdotal knowledge. It can be zero (and non-trivially often is) penalty, but it is never positive.

That said, there can be positive changes which offset it, vis a vis adding your first installment loan will typically be a straight positive from the mix of credit calculation offsetting the inquiry / possible AAOA change. In other events a tradeline aging, or AAOA changing, or derogs coming off don't get tracked by SW at all, and as such positive swings are much harder to diagnose.

Re: Score Increase AFTER inqs! WHAT?

EW800 — Sun, 13 Jul 2014 19:01:56 GMT

@Revelate wrote:
and I'm a FICO geek),

I love it!

Re: Score Increase AFTER inqs! WHAT?

burghpa — Sun, 13 Jul 2014 23:47:20 GMT

There are so many variables in FICO scoring i guess. I keep balance on my barclay and all other cards report zeo, when the balance went up by $10 or so this month, the score jumped by 3 points to 722, then Discover Inquiry showed up, I lost 2 points as expected.

As 'Revelate' said, what is happening is that there is no alert when some other variables change, so we are unware of that, eg: fall of any negatives never results in alert, nor changes in AAoA etc.