topic Re: TU FICO Keeps Increasing After Inquiries? in Understanding FICO® Scoring

TU FICO Keeps Increasing After Inquiries?

Anonymous — Tue, 01 Sep 2015 14:46:46 GMT

So in the past 2 weeks I opened two new cards: BCE at $5500 and Sallie Mae at $10,000. Before this point I saw that my FICO score from Discover was 747 (pulled 7/28), which is TU. After opening the Sallie Mae, I noticed that they also give TU FICO. It did its first pull 8/30 (which was either right after or right before I applied for Sallie Mae)...and it says 759! I thought at least the BCE would've bumped me down, but I guess not? My EX FICO from Amex went down from 757 to 730 as a result of BCE getting reported I'm pretty sure. So, a few questions:

1. Did BCE most likely pull EX which is why this didn't decrease my TU score?

2. Shouldn't BCE have lowered my AAoA? Or did BCE approval just not get reported yet?

3. Do Barclay and Discover both show TU FICO 8? If they report different scores then that could explain the gap.

Re: TU FICO Keeps Increasing After Inquiries?

Thomas_Thumb — Tue, 01 Sep 2015 15:22:38 GMT

New credit inquirues are often pulled from one CB only. When that happens the other CBs don't show an inquiry - so no adverse impact. If no Inq and higher aggregate CL (lower UT%) score can go up when data from the other CB or CBs is used.

Re: TU FICO Keeps Increasing After Inquiries?

Anonymous — Tue, 01 Sep 2015 17:42:20 GMT

Wouldn't my AAoA take a hit from the new card accounts though?

Re: TU FICO Keeps Increasing After Inquiries?

Thomas_Thumb — Tue, 01 Sep 2015 18:02:22 GMT

Your AAoA will drop but impact depends on where it was compared to where it is now. If AAoA was less than 2 years and your newest account was only a few months old, then perhaps no impact - just a delay in AAoA getting to the 2 year mark and youngest account to 6 months.

However, if AAoA was 3 years and dropped to less than 2 years, then a negative impact on score would be anticipated. Same if AAoA 4 years and drops to less than 3.

Re: TU FICO Keeps Increasing After Inquiries?

Anonymous — Tue, 01 Sep 2015 18:52:22 GMT

Okay, that makes sense. Thanks for the info!