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Unexpected Score Increase

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ozzman469
Valued Member

Unexpected Score Increase

Last weekend I went car shopping with my son. He's 19 and this is the first time he's ever applied for credit. Needless to say I needed to co-sign for him because of that, which was no big deal. I was expecting a small ding for the hard pulls, but instead I got the inverse. My score went up a couple of points because of it. Never had that happen before and was unexpected.

Starting Score: EQ667/TU681/EX654
Current Score: EQ667/TU686/EX654
Goal Score: 700+


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Message 1 of 9
8 REPLIES 8
Creditwiser
Valued Contributor

Re: Unexpected Score Increase

Can't say I've ever had a score bump from an Inquiry. Always a few points ding.  Although today I received a 3 point bump on EX for having the total of all Card balances increase $37. Bizarre to me. I do have several Cards with zero bal but also a few cards with a bal. Definintely not AZEO.  Fico, go figure Smiley Indifferent

NFCU Visa 30k | NFCU Platinum 30k | Cap1 QS 12K | Cap1 QS 11.5K | Barclay MC 9k | Delta Gold Amex 30K | Discover IT 14K | CFNA FS 3200 | CareCredit 20k| Paypal Credit 5k |
Message 2 of 9
sznthescore
Established Contributor

Re: Unexpected Score Increase

Aging happens at the beginning of each month and the factors listed below could have offset the inquiries incurred applying for the auto loan. FYI


Note: Even though it says "decreased" I think they mean "increased"

 

IMG_4240.jpeg

 

REBUILDER CARDS




Goal: FICO 700+; (0) zero inquiries (7/2025)
Message 3 of 9
SouthJamaica
Mega Contributor

Re: Unexpected Score Increase


@ozzman469 wrote:

Last weekend I went car shopping with my son. He's 19 and this is the first time he's ever applied for credit. Needless to say I needed to co-sign for him because of that, which was no big deal. I was expecting a small ding for the hard pulls, but instead I got the inverse. My score went up a couple of points because of it. Never had that happen before and was unexpected.


Your score increase was not from the inquiries.


Total revolving limits 741200 (620700 reporting) FICO 8: EQ 701 TU 704 EX 685

Message 4 of 9
M_Smart007
Legendary Contributor

Re: Unexpected Score Increase


@SouthJamaica wrote:

@ozzman469 wrote:

Last weekend I went car shopping with my son. He's 19 and this is the first time he's ever applied for credit. Needless to say I needed to co-sign for him because of that, which was no big deal. I was expecting a small ding for the hard pulls, but instead I got the inverse. My score went up a couple of points because of it. Never had that happen before and was unexpected.


Your score increase was not from the inquiries.


Ya, I don't think I have ever had a score increase ..due to inquiries.

Message 5 of 9
babbles
Established Contributor

Re: Unexpected Score Increase

I am hoping I can get 3 pts for my TU file

Message 6 of 9
DONZI
Established Contributor

Re: Unexpected Score Increase

..would the score increase be related to indirectly(?) adding an installment loan?

2014 credit2020 credit2021 credit2023 credit
paypal credit imagecredit card imagecredit card imagecredit card imagecredit card imagecharge card imagecredit card imagecredit card imagecharge card imagecharge card image
[2020-12-09]=[EQ8|786]-[TU8|746]-[EX8|772] .... gardening until I can't (again).
[2023-10-01]=[EQ8|797]-[TU8|776]-[EX8|775]
Message 7 of 9
Thomas_Thumb
Senior Contributor

Re: Unexpected Score Increase

I'd speculate a drop in revolving utilization and/or accounts with balances was the score booster.

 

OP - Did you have any open installment loans on file prior to the cosign? If not, any closed loans?

Fico 9: .......EQ 850 TU 850 EX 850
Fico 8: .......EQ 850 TU 850 EX 850
Fico 4 .....:. EQ 809 TU 823 EX 830 EX Fico 98: 842
Fico 8 BC:. EQ 892 TU 900 EX 900
Fico 8 AU:. EQ 887 TU 897 EX 899
Fico 4 BC:. EQ 826 TU 858, EX Fico 98 BC: 870
Fico 4 AU:. EQ 831 TU 872, EX Fico 98 AU: 861
VS 3.0:...... EQ 835 TU 835 EX 835
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950
Message 8 of 9
OmarGB9
Community Leader
Super Contributor

Re: Unexpected Score Increase

Definitely not caused by the inquiries. 


Last App: 1/10/2023
Penfed Gold Visa Card

Currently rebuilding as of 04/11/2019.

Starting FICO 8 Scores:




Current FICO 8 scores:


Message 9 of 9
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