How long do you think it takes for the ding you get on your FICO when you open new accounts to go away and your score to go back up again. I just got approved for Chevron Credit Builder, Capital One and Chadwicks (all with a $300 limit). I got a 10 point per account drop in my FICO, bringing my score down to 631 (EQ). Thanks
My scores also suffered a steep drop off after opening new accounts although I wonder if my pulling a new report daily on PG and racking up all those soft inq's has anything to do with it :/ It should take about 6 months to see the scores rebound nicely.
Re: Re: New Credit I hope you don't think that they don't notice all those daily soft pulls? They are not dummies. they know what some of us are up to. Edit: By "FICO" I am assuming you mean Equifax's FICO. Don't forget Experian and TU have their own FICO's and they may be "FAKO" to you but they carry weight with mortgage lenders.
Re: Re: Re: New Credit Believe what you want. Mortgage lenders do not pull the consumer model scores from Experian or TU.
Re: Re: Re: Re: New Credit What do you think "middle score" means? They may not be pulling "consumer model scores" but they do pull scores from TU and Experian.
Re: Re: Re: Re: Re: New Credit I know exactly what a middle score is. I was addressing this comment: Experian and TU have consumer model scores (FAKO), and they also have FICO model scores. Mortgage lenders do not use the FAKOS that we COMMONLY refer to here - these are the scores ONLY CONSUMERS see. They use TU and Experian's FICO models.
Re: Re: Re: Re: Re: Re: New Credit I see no difference between what I wrote and what you wrote in terms of FICO scores. I clearly said FICO scores. At no time have I ever seen you label TU and Experian scores as true FICO. It is always "FAKO" scores. Now you want to backtrack? Fine, whatever. Since you seem to thrive on being argumentative and never wrong - carry on
Re: Re: Re: Re: Re: Re: Re: New Credit You only have to look as far as my TU scores in my sig line - you will see the FAKO and FICO. BTW - I never backtracked here.
BTW, congratulations to Gvieve!! My advice would be to let those accounts age, apply for new credit infrequently, and wait for prime credit offers in the mail. You know, all the stuff that's hard to do anyway, and even harder if you read this board frequently.