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Hard Pull = 14 pt increase in Experian score

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Anonymous
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Hard Pull = 14 pt increase in Experian score

So a few weeks ago I had a VW dealership pull my credit so I could buy a car. After a few weeks passed I noticed my Experian score increased by 14 points! I never bought the car because I purchased a family members car they were selling. Why would a hard pull result in an increase of 14 pnts? I’m not complaining, but I don’t understand. Thx.
Message 1 of 8
7 REPLIES 7
Anonymous
Not applicable

Re: Hard Pull = 14 pt increase in Experian score

A lot can happen in 2 weeks, the 14 point increase did not come from an HP that I assure you.
Message 2 of 8
Anonymous
Not applicable

Re: Hard Pull = 14 pt increase in Experian score

So strange. It says on MYFICO that the 14 point increasewas generated by that hp, but I’m with you.
Message 3 of 8
Anonymous
Not applicable

Re: Hard Pull = 14 pt increase in Experian score

This happens often with myfico alerts, not all score changing events trigger myfico alert therefore they get piled up until the next alert-able event and the score is updated, making it looks like the alert is the sole contributor of the scoring change. Obviously the HP is also a score changing event but it's more in the -5 range depending on how many you already have, in no scenario does it give you +14.
Message 4 of 8
SouthJamaica
Mega Contributor

Re: Hard Pull = 14 pt increase in Experian score


@Anonymous wrote:
So strange. It says on MYFICO that the 14 point increasewas generated by that hp, but I’m with you.

It definitely does NOT say that.


Total revolving limits 657200 (536700 reporting) FICO 8: EQ 706 TU 710 EX 708

Message 5 of 8
Anonymous
Not applicable

Re: Hard Pull = 14 pt increase in Experian score


@AnonymousSo strange. It says on MYFICO that the 14 point increasewas generated by that hp, but I’m with you.

You are misinterpreting what it's saying.  What it's saying is that you received an alert for the HP and at the time you receive an alert you're always going to be provided with a new score.  The new score you received was impacted by something more significant (and non-alertable) than the HP.  Something else actually increased your score probably about 20 points, but with the HP you're only seeing 14 of those points.

Message 6 of 8
Anonymous
Not applicable

Re: Hard Pull = 14 pt increase in Experian score

Thank you! All clear now!
Message 7 of 8
joltdude
Senior Contributor

Re: Hard Pull = 14 pt increase in Experian score

Corellation does not equal causation.... it was just a matter of timing...

 

Message 8 of 8
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