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Drop of 55 points from Nov to Dec

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Anonymous
Not applicable

Drop of 55 points from Nov to Dec

For all of 2007 my FICO was arounf 750.....In November I leased a new car and opened up 1 new credit card for $1000....Could these 2 things have caused  a drop to 697??? (I get these from Trans Union by way of Providian/ WAMU)  Seems like a big drop for any one month. no?
Message 1 of 4
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Anonymous
Not applicable

Re: Drop of 55 points from Nov to Dec

the wamu score is a pfico. a cc specific real fico score, but enhanced for cc risk. your fico may be higher or lower, but oters w/similiar scores get dinged pretty hard for opening new accounts, search for "score buckets".
Message 2 of 4
Red1Blue
Super Contributor

Re: Drop of 55 points from Nov to Dec

Since you got the new credit approved, after 3 months your score will go back up again.
Message 3 of 4
Anonymous
Not applicable

Re: Drop of 55 points from Nov to Dec

Yeah- The PFICO is sensitive to new accounts.
It also reports a month behind-



@Red1Blue wrote:
Since you got the new credit approved, after 3 months your score will go back up again.



Message 4 of 4
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