Hi, as far as scores go, I'll just be refering to the Experian score. My background is that I have 5 total credit cards currently, my oldest which is from 2016, 3 which I applied for in Nov 2022, and 1 I card applied for just a couple weeks ago which hasn't yet reported as a new card. 2 of the 3 cards from Nov 2022, as well as my newest card, pulled Experian, so currently I have 3 inquires on Experian. I have two charge offs from 2020 that were paid in settlements less than full in 2021, and one collection paid in full in Oct 2022. My score prior to applying for those 3 new cards was 627. I also have 1 auto loan I started in Mar 2021, so I had 1 inquiry at that time of the Nov 2022 applications, but it has since fallen off. The card that I just applied for 2 weeks ago, shows there's no change yet to my score in regards to the hard pull.
Side note...do you know if when it comes to hard pulls, if the score change should have reflected by now?
Since my newest card hasn't yet reported, for the cards I opened in Nov 2022, it looks like there was no decrease for the hard pulls, but that my score gradually increased from 627 to 639 with 2 of the new accounts reporting by Dec 2022. Then when the third new card posted in early Jan 2023, while at the same time I had a high utilization alert too for one card, there was a 14 point decrease to 625. I started to work on my unitilization a bit, or maybe it's because they aged a couple months too (?), but my score increased to 655 by Feb 2023. Now at the moment, my utilization on all my cards is under 30%, and my current score is 665.
@JoeRockhead wrote:I'm not going to be looking for any major credit such as a mortgage or anything else for the foreseeable future, so I'm not overly concerned with what applications and/or approvals for new cards do to my score. I tend to go after new cards that appeal to me for various reasons, and generally in twos. The last two I got was on 3/6/2023, a 2nd discover card (5k) and an NFCU More rewards (7.1k). I lost 2 to 3 points for each HP on TU and EX, and now that they've both reported to the CRAs, the results are in. I lost an additional 7 points on TU only! I keep waiting for someone to pop out and say 'just kidding'. Of course this will disappoint those who take bigger hits, and yet encourage others. Not encouraging anyone to go out and apply for anything, just sharing my recent experience. YMMV as everything is going to be profile specific!
What did your last approval, or denial cost you?
Thank's for sharing
My last 5 Approvals cost me nothing
Most FICO's are slowly going up ..(I guess due to aging metrics),
with the exception of Experian FICO 8 (It has been stuck @ 777 for well over a year ¯\_(ツ)_/¯ )
I stay at max Inquiries / AoYRA penalty at all times (for the last 4 years)
AoYRA 3-31-2023 -> 3-31-2023 and 2-18-2023
AAoA 3yrs 11months
AoOA 40yrs in June 2023
16/24 new accts. (reporting)
I used to be 38/24 New Accts. not long ago!
25/24 EQ Inqs.
27/24 TU Inqs.
40/24 EX Inqs.
[^^^^^Some of the Inqs are for business credit and personal HP CLI's]
88+ Open Revolving TL's as of 4-29-2023
40+ Closed Accts (Reporting)
1 Open Installment Loan reporting @$20.00 out of $25K
5 PIF Auto Loans (Reporting)
3 PIF Personal Loans (Reporting)
No Mortgage Reporting / PIF Sept. 2005
EX TCL as of 4-29-2023
Add to your $1,806,700 credit limit
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EX FICO8 = 777 / Experian data Apr 29, 2023
EX FICO BankCard SCORE 8 = 792
(Click image to enlarge)EQ FICO9 = 800 / 4-29-2023
(Click image to enlarge)EX F2 751 Mortgage Score
@M_Smart007 I always appreciate reading your DPs as they are both impressive, and fascinating. You have so many accounts, and so much going on all the time. If this were some type of movie, I could imagine the system just throwing it's hands up and saying here we go with this guy again, . You've undoubtedly built quite a file over your lifetime, I really appreciate you sharing all the info!
