credit score

[David Smith]

but does the 22 drop make sense for just 2 pulls?

If you have thirty years of perfect history, with a dozen accounts over ten years old, and twenty years of installment history? Then it doesn't make sense. You have to provide more profile info.

[Marko Rubio]

If you have thirty years of perfect history, with a dozen accounts over ten years old, and twenty years of installment history? Then it doesn't make sense. You have to provide more profile info.

I have a clean report and a credit history of 3 years old and 7 personal primary cards on file, does it make sense? And now approximately how long should it take to get back? A few months a year?

[Mendelssohn]

I have a clean report and a credit history of 3 years old and 7 personal primary cards on file, does it make sense? And now approximately how long should it take to get back? A few months a year?

Thin files like yours are impacted more by new accounts. Normally the ding from new accounts and inquiries is gone after 6 months.

With a thick file, you don't have much impact at all.

[Mendelssohn]

It doesn't seem true, it is true.  MyFico deletes posts/threads that give people proven credit repair advice.

+10000000

[ari2955]

but does the 22 drop make sense for just 2 pulls?

Do you maybe have a card maxed out, or with high utilization this month?

[Mendelssohn]

"Something else happened."

You also see that posted on CB quite a bit.

Until you really get to know your reports and how FICO scoring works, it's difficult to make a direct cause and effect analysis.

[Marko Rubio]

Thin files like yours are impacted more by new accounts. Normally the ding from new accounts and inquiries is gone after 6 months.

With a thick file, you don't have much impact at all.

thanks, oh I didnt know that after 3 years and 7 cards I'm still considered a thin file....

[Mendelssohn]

thanks, oh I didnt know that after 3 years and 7 cards I'm still considered a thin file....

You are.

With only 7 accounts, new accounts impact you quite a bit more than someone with 50 accounts reporting and an AAoA of 6+ years.

[Marko Rubio]

You are.

With only 7 accounts, new accounts impact you quite a bit more than someone with 50 accounts reporting and an AAoA of 6+ years.

so I guess my 22 point drop does make sense even I have just %1 utilization last month?

[Marco Polo]

so I guess my 22 point drop does make sense?

It makes sense and can go right back up next month.

[Marko Rubio]

It makes sense and can go right back up next month.

just in one month? Even with 2 new accounts and 2 inquiries? (I dont ask for fun I really wana know cause I wana apply now for the increased bonus for csp)

[Mendelssohn]

just in one month? Even with 2 new accounts and 2 inquiries? (I dont ask for fun I really wana know cause I wana apply now for the increased bonus for csp)

A Chase UW can manually approve without considering FICOs at all.

[Marko Rubio]

A Chase UW can manually approve without considering FICOs at all.

uw?

[Marko Rubio]

You are.

With only 7 accounts, new accounts impact you quite a bit more than someone with 50 accounts reporting and an AAoA of 6+ years.

when you say 50 accounts you probably mean 40 closed and 10 open, or you wana tell me ppl have 50 open account? They need a book keeper for this

[Mendelssohn]

uw?

Underwriter

[David Smith]

uw?

Underwriter

[Mendelssohn]

when you say 50 accounts you probably mean 40 closed and 10 open, or you wana tell me ppl have 50 open account? They need a book keeper for this

Open and closed, although I know quite a few people with 50+ open cards.

[Marko Rubio]

Underwriter

whats that? Same as recon?

[thaber]

when you say 50 accounts you probably mean 40 closed and 10 open, or you wana tell me ppl have 50 open account? They need a book keeper for this

Welcome to DDF 50 active is just getting started

[Marko Rubio]

A Chase UW can manually approve without considering FICOs at all.

is chase not considering fico's?