Questions - I recently was approved for a NFCU which hit my Transunion report and at the same time my Oldest CC reported a zero Balance. Is this normal for my score to drop 11 points? Nothing additonal was added.
Sorry to hear that Kinglord! I guess we'd need more info to figure out why. I can say that when NFCU ran a hard pull for that first card my points dropped some too. At the time I only had 2 other hard pulls. It's hard to figure out for sure and you'd go crazy worrying about it, I had to chill!
@Kinglord wrote:Questions - I recently was approved for a NFCU which hit my Transunion report and at the same time my Oldest CC reported a zero Balance. Is this normal for my score to drop 11 points? Nothing additonal was added.
In agreement with @flexin222 more information is needed to provide accurate or close to accurate information for you. Credit profiles are unique and it is not always easy to answer many questions without more detail.
But in general what could happen based on the sole information you provided is: (Oldest account reporting a zero balance is irrelevant without more information)....oldest account reporting zero is not a factor:
*HP's will often cause some score decrease (but may not, depends on more detail regarding your specific profile)
*A new account reporting often causes a score decrease due to reset of AoYA - age of youngest account, and all the above. But again profile specific ad may not resest AoYA depending on certain information.
There are certain actions based on certain criteria that will normally cause a +/- in general, but due to ones individual credit profile/ credit finger print, these things we think we know that will impact you, depends on other factors and the +/- is even further dependent on your individual profile. It's definitely not cookie cutter when it comes to the point affect even if the details warrant a +/- under general understanding.
So many factors is why it is often requested more information to provide a decent response. The "more information" often scares people but it doesn't require identifiers that would expose you to fraud. But because each profile is so different, all of that (# of accounts, what type of accounts, age of accounts, etc...) and more matters as to how an action may impact you, which could impact me or others quite differently due to our profiles.
