FICO scores dropped today but I can’t tell why

[SouthJamaica]

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@Cblough93 wrote:

Is it possible the effect on my credit score from the inquires was delayed?

Yes.

I always thought your score would immediately drop after the inquiry shows up, but only 1experian dropped for me at first  despite the  inquires  being in my credit report for about a month now. 

Sometimes their effect is delayed.

I figured the inquiry only affected 1 of my scores and counting myself lucky. But maybe the other 2 scores dropping are some sort of delayed reaction to inquiries?

Maybe. More likely the new accounts.

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[JoeRockhead]

Despite you being under the impression that you moved to a mature scorecard based on your other post, I disagree, and believe you're still on a young(ish) scorecard. The other thing that stands out is that you had multiple HPs (more than one) in close succession. In addition, your file would be considered thin. All these things combined would compound in the scoring algorithm and the hits to your score for the inquiries could very well cost someone up to 20 points (or more).

If a new account hasn't been reported yet, then I believe the elevated score hits are from the multiple inquiries on a young, thin file. The delay may have simply been a scenario where your score was readjusted after a specified time frame elapsed to more accurately reflect, or confirm all the conditions I stated above (with no additional HPs being added to the soup), in addition to any other information in your file we don't know about such as credit mix, inquiries in the past 12 months etc...  

[Cblough93]

All that makes sense,although I should mention the score that dropped 20 points was only hit with 1 Hp, not both. The score that dropped 10 points was hit with both hard pulls, same with the score that dropped 8 points.

so what would be considered mature?

as previously mentioned I'm at over 4 years average and 7 years longest

[JoeRockhead]

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@Cblough93 wrote:

All that makes sense,although I should mention the score that dropped 20 points was only hit with 1 Hp, not both. The score that dropped 10 points was hit with both hard pulls, same with the score that dropped 8 points.

so what would be considered mature?

as previously mentioned I'm at over 4 years average and 7 years longest

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Duly noted, but one thing to keep in mind is that although they might all be using the same Fico scoring model, those models are tweaked to their liking so they offer their own "unique" risk assessment of a consumer. While scoring is similar a lot of the time, the bureaus don't all score things the same as each other. Even when files are all identical, some things are scored more harshly on one bureau, than they might be on another. 

I have no opinion on what scorecard you might be on, and I could be wrong, but I don't believe AAoA is a scorecard segmentation factor at all, and doesn't reach full score benefit until around 7.5 years I'm also not aware of any 4 year threshold for any scorecard change... someone straighten me out here.

[Cblough93]

Yes, I did think 4 years for average and 7 years for oldest did seem a little young still. I'm basing my assumption that I am now "mature" solely off the fact that prior to hitting 4/7 years I had a negative impact for "short account history" and after getting over the 4/7 year threshold, that turned into a positive impact for "long account history" 

so I assumed this put me in the "mature" category. Although this would obviously be the very very young end of mature. Seeing as it literally just happened. 

so whether you see it as the top end of "young" or the very short end of "mature" is up to the individual. And I wouldn't argue that either person is wrong, I think it can be looked at either way.

Which end of the spectrum you see when looking at my profile is highly dependent on whether you are a  glass half full or glass half empty type of person. And so again, whether you see my profile as the top end of young, or the bottom end of mature.  I don't believe either view is wrong.