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New INQUIRIES = no score change?

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lg8302ch
Senior Contributor

Re: New INQUIRIES = no score change?

I also added my 5th inquiry with the US Airways card and no score change  with the inquiry but I am curious with the cut in AAoA what the drop will be with the new account  reporting. It will soon be visible from Discover TU 😊. So far I have not managed to move this score in any direction of more than 5 points in the past two years since I have added most of my accounts ...so it would be a surprise if this time it would move and react any differently. I am ready for a surprise.

Message 11 of 13
NRB525
Super Contributor

Re: New INQUIRIES = no score change?


@racer-x wrote:

Well if I'm in a bucket that doesn't drop my score from new inquiries, then I'd like to stay in it.  Could you let mr fico know?  Thanx, Smiley Wink


I think that what happens is, as one piles on "more of the same" of one type of issue, such as INQ, the first one hits pretty hard, then the next one not so much, und so weiter, so you are probably at a plateau of the impact from INQ. But I wouldn't take that to the bank, because it may be that CCC looking at the file may see a lot of INQ on a manual review.

 

Notice I changed the metaphor from a bucket or hole to a plateau. Have to try to keep things fresh around here, can't get stale. This would be a plateau on a steep cliff, rather than an elevated space... Smiley Tongue

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765
Message 12 of 13
Anonymous
Not applicable

Re: New INQUIRIES = no score change?

I have about 15 inquiries on all 3 bureaus, one inquiry made my score go up 13 points, and the next one made it go back down, but I'm forced to garden now because every new inquiry pretty much makes me go dowm.
Message 13 of 13
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