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What will happen to my FICO score if I move to a new state?
I anticipate an inquiry from : 1. Property Management Co.,
2. natural gas service
3. electric service
4. cable company
5. landline phone
What will the impact be for 5 inquiries in a matter of 2 or 3 days?
My scores are high on both EQ & TU. What if I want to purchase a home after living in the area before
the one year waiting period for the inquiries to lessen their effect?
I hate to say it but, it seems unfair for FICO to not have considered this situation when they designed their models :
What can I do except wait for the one year to pass? Please post your experiences.
Thanks
Of your list, I bet you might get hit with the leasing/prop. mgmt co, and maybe the phone and cable if not the same company. I don't see you losing more than 10 on any given CRA.
I just moved myself and thought about the same. We had the inquiry for the mortgage and the phone/cable/internet via Verizon. We don't have gas, but we established a new account for electricity and there was no hit (except for a $500 deposit ). DW put ADT in her name and got hit with an inquiry there. There was no score damage when those inquiries hit, though I got a confirmed 3 pt loss when the mortgage inquiry hit the 30-day mark (delayed hit for mortgage and car).
Thanks, llecs.
I hope my situation works as well as yours did for you.
My concern is losing points, then having to wait for the inquiries to lose their negative impact.