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High Inquiries but new CC and CL

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Anonymous
Not applicable

High Inquiries but new CC and CL

Hi

 

my score didnt chage in the past 2 months,

i have done the my fico score report and also watching the status of my score.

 

i have 3 New Inquiries, becuase i have preprove for morgrage and i got 2 new CC

Capital one 500$ CL 2 months ago

VISA Platinum CL 7500$ - need to get soon

 

my current score is :

EQ - 632

TU - 660

EX - 700

 

how do you think it will affect my score ?

 

Dan

Message 1 of 9
8 REPLIES 8
Anonymous
Not applicable

Re: High Inquiries but new CC and CL

Saw today that me EQ is up 3 points , dont have yet the creditcard alert.

 

Dan

Message 2 of 9
Anonymous
Not applicable

Re: High Inquiries but new CC and CL

and today it got to 663 on EQ Smiley Happy

after my capitalone card was update.

Message 3 of 9
Anonymous
Not applicable

Re: High Inquiries but new CC and CL

got another update - TU jump to 695 Smiley Happy

Message 4 of 9
Anonymous
Not applicable

Re: High Inquiries but new CC and CL

and EQ is 668.

 

TU - 695

EQ - 668

EX - 712

Message 5 of 9
RobertEG
Legendary Contributor

Re: High Inquiries but new CC and CL

Like most things in life, you oftten have to take a minor short-term hit to gain in the long term.

New accounts will age, and added credit limits, if kept under % util control, can assist.

Message 6 of 9
Mzvanessa
Contributor

Re: High Inquiries but new CC and CL

Eran it was slow rising but it finally risen Smiley Happy Congratulation on the score rise. 

 

Hope to join you soon.

TU: Fico 678 6-19-13 677 8/23/13
EQ: Fico 665 7-5-13 665 8/23/13
EX: Fico 681 Lender pulled 8/23/13


Message 7 of 9
ficofox
Regular Contributor

Re: High Inquiries but new CC and CL

 


@RobertEG wrote:

Like most things in life, you oftten have to take a minor short-term hit to gain in the long term.

New accounts will age, and added credit limits, if kept under % util control, can assist.


 

Hmmm, by my accounting, it looks like his scores only went up.... Smiley Wink

 

That has also been my experience when I was rebuilding and only had a few accounts. New cc accounts can actually boost your score, even with lower AAoA and inquiries.  This is probably not the case with more established profiles.

 


With FICO, time heals all wounds.

Take the FICO Fitness Challenge

Message 8 of 9
Anonymous
Not applicable

Re: High Inquiries but new CC and CL

Hi

 

Yes , it is going up.

 

i am in the process of Building new Credit score ,

so more account is a good factor for my side.

 

i also saw that an inquire can push you up a few point , it is up to the formula that the

are using for you.

 

Last update from MyFico:

TU - from 663 to 695

EQ - from 632 to 668 and from today 685

EX - 700 to 720

 

 

Message 9 of 9
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