How big of a hit to my score?

Anonymous · ‎01-02-2015

SO plan is to get an auto loan in the near future. Hopefully March/April maybe sooner! I currently have a 620 score according to my captital one card credit tracker. I was wondering how big of a difference people have seen between myFico scores and tracker scores! MY next question is that if there is a difference(in my favor) I plan to apply for the Chase Amazon card and DiscoverIt cards. I have a very small secured card at the moment and thats it. I am wondering how big of an impact this inquiry could have on myFico score and if others think it would even be worth it for me.

Anonymous · ‎01-02-2015

@Anonymous wrote:
SO plan is to get an auto loan in the near future. Hopefully March/April maybe sooner! I currently have a 620 score according to my captital one card credit tracker. I was wondering how big of a difference people have seen between myFico scores and tracker scores! MY next question is that if there is a difference(in my favor) I plan to apply for the Chase Amazon card and DiscoverIt cards. I have a very small secured card at the moment and thats it. I am wondering how big of an impact this inquiry could have on myFico score and if others think it would even be worth it for me.

I've personally seen as much as a 60 point difference. And it doesn't just swing one way either. FAKO's are horribly innacurate.

Anonymous · ‎01-02-2015

Wow, so do you think I am kind of on the right track with this plan?

Anonymous · ‎01-02-2015

@Anonymous wrote:
Wow, so do you think I am kind of on the right track with this plan?

Best bet is to sign up and get some FICO's and a full view of your CR's to make a plan.

Anonymous · ‎01-02-2015

Mine on Capital One Credit Tracker is right on track with myfico, my score through Cap One is 619 and here varies between 617-638, but it's differenty for everyone.

Anonymous · ‎01-02-2015

@Anonymous wrote:
Mine on Capital One Credit Tracker is right on track with myfico, my score through Cap One is 619 and here varies between 617-638, but it's differenty for everyone.

Yeah, It can be close, or vary significantly.

My TU FICO is currently 683 and my CapOne score is 677.

Anonymous · ‎01-02-2015

My TU Fico via Discover an Barclays is now a 685 because of recent inquires. My Cap one score tracker Fako is 631. Remember Cap one is TU Fako.

Anonymous · ‎01-02-2015

Mine are very close to each other. Cap One has me at 693 and my real TU FICO is 815.

Anonymous · ‎01-02-2015

@Anonymous wrote:
Mine are very close to each other. Cap One has me at 693 and my real TU FICO is 815.

So close.

Anonymous · ‎01-02-2015

@Anonymous wrote:
Mine are very close to each other. Cap One has me at 693 and my real TU FICO is 815.

^^ message received

So do you think the hard inquiry on the credit cards is worth the risk?