9 Inq and 21 point bump.

[Anonymous]

I just checked score watch and My eq score went from 632 to 653. I have 9 new inquiries on eq. Is this a hoax or should i be elated right now?

[llecs]

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kiyahsmom wrote:
I just checked score watch and My eq score went from 632 to 653. I have 9 new inquiries on eq. Is this a hoax or should i be elated right now?

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Inquiry damage is overrated. I think the only damage comes at a higher FICO (e.g. close to 800).

The increase could have come from other sources and not listed in SW. Examples may include lower utilization, increase in avg. acct age, removal of a baddie like a late, an acct., or reclassification of an acct (e.g. 120 days vs CO), etc.

[haulingthescoreup]

Agree-- Also, if at least some of those 9 inqs resulted in new credit, it will help dilute any bad credit you have. So even if there's some point damage from inqs and new credit, it might well have been more than made up for by the benefit of having new TL's reporting.

[waqaszm1]

Message Edited by waqaszm1 on 07-12-2008 06:45 PM

[MidnightVoice]

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waqaszm1 wrote:
The following information is for educational purposes only and is correct based on my experiences as of 04/06/2008. If you are applying for credit from a certain creditor, make sure that your credit score is decent at the corresponding credit bureau so that you have a better chance of getting approved. This way you will not have unnecessary hard inquiries on your reports: (Hard Inquiries negatively impact your scores).

The following creditors use EQUIFAX:
1. ING Direct / Sharebuilder Securities
2. Wachovia Bank
3. Redstone Federal Credit Union
4. Citibank
5. Target National Bank
6. First Bank of Delaware

The following creditors use EXPERIAN:
1. Bank of America
2. Capital One
3. Credit One Bank
4. Plains Commerce Bank
5. Verizon Wireless

The following creditors use TRANSUNION:
1. Capital One
2. T-Mobile
3. HS BC AUTO
4. Bank of America AUTO
5. 1st Bank DE/CF

I will try to update this list frequently. I live in ALABAMA and this list is good for this geographic region, atleast.

MY PLUS SCORES: (04/06/08)
Experian 685, Transunion 641, Equifax 599
Fico Equifax Scorewatch 549

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I suggest checking into whogavemecredit, as it has a very comprehensive list that is not restricted to Alabama 

[Anonymous]

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waqaszm1 wrote:
The following information is for educational purposes only and is correct based on my experiences as of 04/06/2008. If you are applying for credit from a certain creditor, make sure that your credit score is decent at the corresponding credit bureau so that you have a better chance of getting approved. This way you will not have unnecessary hard inquiries on your reports: (Hard Inquiries negatively impact your scores).

The following creditors use EQUIFAX:
1. ING Direct / Sharebuilder Securities
2. Wachovia Bank
3. Redstone Federal Credit Union
4. Citibank
5. Target National Bank
6. First Bank of Delaware

The following creditors use EXPERIAN:
1. Bank of America
2. Capital One
3. Credit One Bank
4. Plains Commerce Bank
5. Verizon Wireless

The following creditors use TRANSUNION:
1. Capital One
2. T-Mobile
3. HS BC AUTO
4. Bank of America AUTO
5. 1st Bank DE/CF

I will try to update this list frequently. I live in ALABAMA and this list is good for this geographic region, atleast.

MY PLUS SCORES: (04/06/08)
Experian 685, Transunion 641, Equifax 599
Fico Equifax Scorewatch 549

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I appreciate the contribution, but I just have a question...

Why did you post this in several different threads?  This has nothing to do with the topic.

[Anonymous]

That's an offbrand way of "threadjacking" or something? (lol). I was excited and ready to share, then i read that and felt a little lost.