Just got a FAKO and FICO alert for the mortgage app that was run yesterday. I lost 10 pts on my EX FAKO but my fico score remained the same. Should I expect a hit to my fico score later on?
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! 
Last App: 4/5/13 Gardening until July 2014
@MovingForward_2012 wrote:
Just got a FAKO and FICO alert for the mortgage app that was run yesterday. I lost 10 pts on my EX FAKO but my fico score remained the same. Should I expect a hit to my fico score later on?
Moving the post, but not necessarily. Inquiries are scored on a step function in the FICO algorithm, in that one additional inquiry doesn't necessarily move you into a lower scoring bucket. or more score damage for that individual one. Hauling had a nice writeup about it at one point which I should go and find for easy linkage, but for example on inquiry counts:
0->1: negative
1->2: no change
2->3: negative
or something akin to this.
Okay thanks. Kinda confused on what you wrote. I think I have 5 total inquiries on myfico. And the 5th one occurred yesterday and myfico alerted me of the inquiry but it said on the report that my score is unchanged at 703. So just wondering if later on it will drop or is what is on there now the final result of that 5th inquiry?
