I have creditexpert and when I applied for AMEX, they apparently pulled it, well, my score dropped 7 points!!!!!!!!!! Is this normal?? How many more points will it drop for another IQ and will it go back up???
I think that it is relatively accepted that one inquiry will drop your score 7-9....now I am uncertain as to how much multiple inquiries impact score; for instance, will 5 inquiries drop it by 35-45 points, or does a certain number only take the hit-say first 3, then a smaller hit for anything after that. Six months seem to be magic in terms of diminishing the overall effect on score. I have had inquiry deletions that are 1.5 years old, 1 year old, and 9 months old-and all deletions have increased my score by no more than 2 points each.
Wifes score is at 639 and has 15 injuries in the past 6 months and the avaible credit is only 7%..The ratio will raise to atleast 50% within the month and i have 7 injuries under investigation..Trying to get her in the 700's.....
Hubby's CC reported the payment we made last month, raising available credit from 0% to 97% (CapOne not reporting limit) and his score went up 22 points! He is at 678 now...we are going for 700 too! (and to think it was 582 just a month and a half ago)
It only went up 22 points? On my account i had 52% avaible credit and it went down to 41% and i lost like 15 points..
