Hard pull=increased fico score?

bubbles0605 · ‎10-16-2008

We are trying for a FHA loan right now, and everything looks good so far. BUT when they pulled my cr i got a myfico alert and it said your score increased by 4 points! huh? isnt that strange?

Starting Exp-545, TU-531,EQ-515
DH starting Exp-503,TU-486,EQ-470
short term goal: mine-600, DH-550

ShanetheMortgageMan · ‎10-16-2008

Very odd. Has there been little to no recent activity on your credit? Sometimes just having something recent is better than having nothing recent.

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Donna1966 · ‎10-16-2008

It also could be that you had a lower balance report on an open account the same day as the inquiry, thus counter balancing the offset of the inquiry. It could move your utiliziation % down, thereby increasing your score as the inquiry was hitting it.

Anonymous · ‎10-16-2008

Or maybe some tradelines had birthdays? When an account (good or bad) turns one or two years old, it helps.

Anonymous · ‎10-30-2008

It is very likely just a coincidence. It is more likely that something else changed on your credit report like a balance that simutaneously improved your score.

Gary