catoridesagain wrote:
Here's the thing, I had eight inquires since Feb. However, in April I got a small loan for 1500 for 24 months of which I've already paid off 1/4th of the loan. I also paid off a state tax lien and sent in the paid lien information to all C.R.A. Most of my CC's are under the limits by at least 1/2. Plus I haven't been late on any bills since last Sept. I figured it was a combination of everything that made the jump.
Take your before and after report and look for changes. Based on what you mentioned, the inquiries didn't cause the drop. It was other things. Of my last 10 on EX, I didn't have any score hit.
The loan, if obtained in April could have first reported in May. That could hurt your score by 10-30 points depending on your history. You'll get some of those points back within a few months though. The tax lein, especially if disputed (avoid disputing) could actually appear as new on your CR thus causing a major hit.
If your CC utilization is higher now than then your score would drop.
Also, look for other changes like dropped old accounts or added accounts. Look at history of each account. Look for any new lates. If these are EQ and/or TU myFICO reports, then compare pages 2+3 and the account summary page.
If your lien was removed, then rebucketing might be an issue (it is a good thing).
