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SW Alert -10 points

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turninganewleaf
Regular Contributor

SW Alert -10 points

I just received a SW alert stating my EQ FICO dropped 10 points due to a new inquiry.  I applied and was approved for 2 new CC's the other day which explains the drop.  How long does a new inquiry affect FICO?  Also, with the new $500 TL increase between the 2 cards, how soon might I see my score go back up?  Will it not be until I start using the cards or until the CRA reports the new TL?
FICO 8/5/10; TU 724, EQ 702
FICO 6/9/09: TU 669, EQ 658, EX ???
FICO 7/20/07: TU 540; EQ 595, EX 544
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1 REPLY 1
Anonymous
Not applicable

Re: SW Alert -10 points

The INQ will affect for a year.

The new accounts will helping about 6 months as long as the did not drop your avg age down too much.
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