Re: Credit Score Question

Anonymous · ‎01-09-2015

I recently attempted to refinance my home and had to pay for an appraisal. I paid for the appraisal via credit card. The house did not appraise well because there were no comps in the area. So the appraisal company refunded my appraisal fee. The refund has not yet posted and the credit scores have since posted and therefore my credit scores fell significantly due to high utilization. Will the credit scores jump back up to what they were the next time credit scores post?

TheGardner · ‎01-09-2015

Yes, it should rebound when utilization is updated lower.

If anyone needs me I will be In The Garden. Goal Score: 760 for all in 2015.

Current FICO Scores EX: 715 EQ: 756 TU: 762
Last APP April 21, 2015.
Victim of The great AMEX HP heist of Dec 1st, 2nd and 3rd of 2014.

Anonymous · ‎01-09-2015

I was hoping so. Thanks so much!

Mantis350 · ‎01-09-2015

Thats a very nice appraisal company to refund that fee.

PenFed Rewards Visa Sig-$14,000 | BofA Plat Visa-$12,500 | Discover IT-$11,000 | NASA-$7,500 | WF Cash Rewards Visa-$6,800 | BofA Cash Rewards Visa Sig-$6,500 | Barclay Rewards MC-$6,000 | Cap1 QS Visa Sig-$5,750 | Citi DC-$5,500 | Cap1 Venture 1-$4,500 | Cap1 QS-$3,400 | Chase Freedom-$3,400 | AMEX BCE-$2,000 | Lowes-$15,000 | Home Depot-$5,000
|Current Score(2/19/2016)|| 709 EQ || 734 TU || 729 EXP ||

Anonymous · ‎01-09-2015

It was, but they were unable to do the appraisal due to no comps in the area. I have to wait and try again when a sale takes place in the area that is comparable.

Anonymous · ‎01-10-2015

How much was the fee?

EW800 · ‎01-10-2015

I agree, that was very nice of the appraisal company. I am not sure that is common, even under those circumstances.

I also agree in regard to easily getting the points back. Most folks here state that Util has no memory, therefore the points should come back as soon as the credit goes through and reported to the CB's.

Year 2012: All Scores in the 520 range, during a foreclosure, CC Settlement and high UTIL. Very ugly days...
Sept 2024: EX8: 847; EQ8: 850; TU8: 848 -- Middle Mortgage Score: 821
In My Wallet: Discover $73.7K; Cap1 Venture $51.7K; Amex ED $38K; Amex Optima $2.5K; Amex Delta Gold $18K; Citi Costco $24.5K; Cap1 Plat $8.4K; Barclay $7K; Chase Amazon $6K; BoA Plat $21.6K; Citi TY Pref $22K; US Bank $4K; Dell $5K; Care Credit $6.5K. Total Revolving CL: $300K+
My UTIL: Less than 1% - Only allow about $20 a month to report, on one account. .

Anonymous · ‎01-10-2015

The fee was $350.

Anonymous · ‎01-10-2015

Okay, that's good because my scores were improving so well.

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