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Will I take a double hit on my FICO scores?

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Anonymous
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Will I take a double hit on my FICO scores?

Today I updated my scores on MyFico and saw that my credit spree took it's toll mostly on TransUnion (score dropped 38 points) where most of the inquiries landed. When these new accounts show as the CCC's  report my account activity, will my scores take another hit or is the hit I took the worst of it? Thanks to anyone who responds. 

Message 1 of 6
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Anonymous
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Re: Will I take a double hit on my FICO scores?


@Anonymous wrote:

Today I updated my scores on MyFico and saw that my credit spree took it's toll mostly on TransUnion (score dropped 38 points) where most of the inquiries landed. When these new accounts show as the CCC's  report my account activity, will my scores take another hit or is the hit I took the worst of it? Thanks to anyone who responds. 


If the new accounts substantially affect your AAoA then it's possible your scores will drop more.

Message 2 of 6
Anonymous
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Re: Will I take a double hit on my FICO scores?

There will, more than likely, be another hit to your scores once the new accounts post. How much of an impact will depend on current Aaoa and total number of tradelines plus other factors.
Message 3 of 6
Anonymous
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Re: Will I take a double hit on my FICO scores?

Thank you, Irish! Better to be prepared for the hit, I say. I'll post here when I find out the final result.

Message 4 of 6
Anonymous
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Re: Will I take a double hit on my FICO scores?

Thank you brclark!

Message 5 of 6
Anonymous
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Re: Will I take a double hit on my FICO scores?

I m subscribe monthly on myfico for all 3 bureau. Does it allow to update scores. I thought if only there was activity that an alert is sent. How often can you update with monthly subscription on myfico
Message 6 of 6
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