SCORE Increase after App. Spree

[dangcredit]

   Weirdest thing happened going MyFico posts. I went on an app spree yesterday for an auto loan. Aah the joys of 0% APR's and zero down options. Cooled down my excitement and decided not to add another bill but will go back in 6 months.

  I was afraid after all my rebuilding work I would get a decrease in my scores, would have felt bad since I ended up not getting the car. Today I see an alert on MyFico and am thinking its a score drop. NO it was a 2 point increase. Whoot whoot!!  Does that happen. Alert said " we have noticed a new inquiry" and a green arrow point 2 points up on my EQ.

[Thomas_Thumb]

As mentioned in other threads, certain events trigger an alert which then initiates a pull of data and a re-calculation of score.

The inquiry was a trigger and inquiries NEVER increase score. However, something else positive happened which resulted in the score rise - such as a lower credit utilization at that point in time. A two point shift is best looked at as random noise. Shifts over 10 points merit investigation by checking your credit report - unless you already know they are coming.

[Anonymous]

Yeah, I cannot imagine a scenario in which inquiries raise a score.

[NRB525]

OP, you have scores in the mid-600's on EQ. Are there any negatives there? If so, those can overwhelm many other items that come into the file, which might be expected to respond a certain way. As the negatives age or change, their influence can be, as noted, suddenly recalculated if there is not a prior reason to trigger recalculation.

When was your last noted EQ score change, and what direction, prior to this?

Congratulations on the score increase, it is likely something else in the background was giving you points to more than offset the INQ negatives.

[gdale6]

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@Anonymous wrote:

Yeah, I cannot imagine a scenario in which inquiries raise a score.

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Actually there is a scenario that ones Fico can increase with an inquiry this would be if there are none showing at all and you app for a new card or loan the "new credit" slice of the Fico pie is apt to give you a bump for looking for new credit.