Inquiries Hurt My Score

[Vegas247]

My TU score from 785 dropped 5 points to 780 since my small app spee.... I have 2 total inquires for last 2 years on TU. The dates are recent: Jan 23 & March 3 both in 2014....people say after 6 months, scores will recover.....if everything stays the same(no more inquiries),,,and I play the max fico score game (1 card reports with tiny balance the rest report $0 balance) would my score go back to 785? Could it be higher after 6 months? I know it's like asking for crystal ball answers, but I would like to hear what people would estimate my score would be....BTW at its 785 high point, I had 1 card at the time reporting a $0 balance.....

[TeamPunishment]

According to the council of the myfico boards, it has seemed to be to maximize scores should be one card reporting at 1-10%. Yes your score will rebound shortly after the accounts age, but make sure you play with the 1-10% numbers to go above and beyond 785

[takeshi74]

Your guess is as good as ours.  It's not just inquiries but AAoA that will affect your score as well.  Scores can definitely rebound over time but time itself doesn't determine what your score will be.  Assuming you maintain good payment history and low utilization you should see a rebound.  I wouldn't fret over 5 points.  If you dropped 5 points from a spree then you're doing well.

[alvon123]

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@TeamPunishment wrote:

According to the council of the myfico boards, it has seemed to be to maximize scores should be one card reporting at 1-10%. Yes your score will rebound shortly after the accounts age, but make sure you play with the 1-10% numbers to go above and beyond 785

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+1

[Anonymous]

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@Vegas247 wrote:

My TU score from 785 dropped 5 points to 780 since my small app spee.... I have 2 total inquires for last 2 years on TU. The dates are recent: Jan 23 & March 3 both in 2014....people say after 6 months, scores will recover.....if everything stays the same(no more inquiries),,,and I play the max fico score game (1 card reports with tiny balance the rest report $0 balance) would my score go back to 785? Could it be higher after 6 months? I know it's like asking for crystal ball answers, but I would like to hear what people would estimate my score would be....BTW at its 785 high point, I had 1 card at the time reporting a $0 balance.....

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The hard pulls, new tradelines, and reduced AAoA connected with an app spree will all lower your scores.

The time to recover from this varies with the circumstances.

I lost about 10 points on my last CC approval, and this is with a relatively thick file.

[JustinS]

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@Anonymous wrote:

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@Vegas247 wrote:

My TU score from 785 dropped 5 points to 780 since my small app spee.... I have 2 total inquires for last 2 years on TU. The dates are recent: Jan 23 & March 3 both in 2014....people say after 6 months, scores will recover.....if everything stays the same(no more inquiries),,,and I play the max fico score game (1 card reports with tiny balance the rest report $0 balance) would my score go back to 785? Could it be higher after 6 months? I know it's like asking for crystal ball answers, but I would like to hear what people would estimate my score would be....BTW at its 785 high point, I had 1 card at the time reporting a $0 balance.....

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The hard pulls, new tradelines, and reduced AAoA connected with an app spree will all lower your scores.

The time to recover from this varies with the circumstances.

I lost about 10 points on my last CC approval, and this is with a relatively thick file.

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+1

All depends on what your file looks like as well (baddies/lates etc vs. completely squeakly clean - how many new trade lines reporting etc). I'd wager you should probably recover and potentially be higher than the 785 provided no lates etc enter into the equation. Obviously I may be wrong but it only makes sense since we're talking utilization and payment history weighing in pretty high. I'd think once you hit a year of history the AAoA recovery plus payment history should definitely gain you plenty of points (along with the inquiries aging as well).