How to stop the panic?

[nbean]

I've had ALOT of credit app success in the last 2 months, so I'm definately not complaining. However I can't help but feel panic-ey when I've recently seen my scores slip alittle (10-15points) due to these apps and approvals.

I know that it's normal and they will go back up again in a couple months, but after working so hard to get them to where they are I can't help but feel stressed about it. 

Anyone else feel this? How do you guys keep from letting these feelings get the best of you? 

[ways2go]

Fico is weird and sometimes I swear they change scores by the change of the wind.  My score dropped a couple of points after getting 3 INQS ..   Then today my card went up 6 points.    I'm waiting to see what it does when these three new cards hit my report.

[nbean]

That's exactly what happened to me two weeks ago, but I think this week the TLs reported and it dropped back down 10points. Ugh . . .

[meehan22]

It can be tough, I got hit with 6 new Inq and TL's in the last month. 4 Credit Cards, 1 AU, and 1 Installment loan. My EQ went from 690 to 673. Thankfully the bleeding is done and the gardening begins for 700+ here in 6 months I hope! 

[PepsMomNYC]

I'm not at my goal score (750) but I anticipate that being 10-15 over your goal score would give you peace of mind and flexibility to apply/approve . I was at 660 and got approved for a car loan and went down to 599 then it went up to 640 a month later.

To reiterate, my advice is to surpass your goal so that you have the flexibility to acquire new credit and have peace of mind.

[Revelate]

Focus on the long-term goal, whatever that happens to be.

Bumps in the road, either utilization, or new inquiries / tradelines, or even a Federal IRS tax lien in my case are just that: they can be addressed or will fade into irrelevance in short order... in my case I lost 50 points on my EX '08 score overnight once that new lien hit, I'll get all of it back once the IRS finishing processing the paperwork.

FICO wise my goal is to eventually hit 760 on a mortgage score, and it's going to take me likely *years* more to do that.  Dropping 21 points semi-recently when I let my BCP report at 8241/9000, whatever, gained it right back the next month and my interstitial scores don't really matter given I'm not applying for anything expensive for a good long while at this point.

[gdale6]

+- 30 is not uncommon with FICOs.

[Stanic413]

I look back at my score before the apps/new TLs and even though they jump up and go back down with different balances reporting until things stabilize, my score has (pretty consistently) still be higher than before I app'd.  I try to remember baby steps and patience (which I have very little of!).