Inquiry Increased FICO Score

[Anonymous]

Yup, you read it correctly. My FICO Score (per Experian) jumped 4 points with mortgage inquiry. At the same time my Vantage (TransUnion) dropped 4 points and Equifax score dropped 3.

More interesting Experian has the most inquires within the last year (late May 2015) and TransUnion has the fewest.

FICO 9 is 30 points higher (assume they age inquires quicker or just use month and year).

Love seeing all the scores with the monitoring service offered on this site. Took me a year to subscribe as all my files were locked up.

[Revelate]

Nah, just the inquiry was the trigger for the score update.  Something else changed that wasn't uniquely tracked.

An inquiry can be 0 penalty with how the algorithm is designed, but it's never a positive.

Sounds like you got nicely cleaned up for the mortgage process though, well done!  Yeah we've got some recent data which suggests inquiries within a 3 or 6 month period are penalized substantially more on FICO 9... I'm planning to refinance today or tomorrow, and I've got an absurdly high EQ FICO 9 with less inquiries than EX and none within the last six months, so should be able to get some good datapoints.

[Anonymous]

It's not the inquiry. Like the previous poster said, it just caused an update to happen and you got your most updated scores. I just had an inquiry post the other day. EX went up 14 pts. Definitely wasn't the inquiry, it was just slow to update. EQ went up 2 pts, but wonder what it was before the inquiry... no way to know really.

[Anonymous]

I was watching my Experian FICO Score daily. No cards, balances, etc were updated between 5/1 and 5/2 scores. Only thing that hit was the inquiry on the three reports. I also subscribe to the Equifax and TransUnion (Vantage Score) direct credit monitoring.

My wife also subscribes and her score (which is always higher then mine ... ) did not drop or change at all.

Likely a no impact inquiry but just weird how it went up a few points under FICO. It is my first mortgage inquiry on my report so maybe they liked that in their scoring vs all credit card inquiries.

Just completely weird but dont mind as it will go down when all the subsequent follow up inquires start hitting it.

Good luck on your mortgage process as well. Exciting!

[Revelate]

First mortgage inquiry on FICO doesn't impact for 30 days; exclusion period.  If the inquiry did damage, you won't see it for a month in this case.

VS appears to not have that.