CSC Credit Services sent me a letter explaining my Credit Score had dropped to 764..
About November of 2012, I applied for s housing loan. I changed my mind, and the purchase was canceled.
Experian dropped my Credit Score to 757.
Earlier this month (March 2014) I casually asked my bank (USBank) how much I could afford if I bought a car. I didn’t present any actual car information or dummy sales document.
Experian has dropped my Credit Score to 752.
From over 764 to 752. A drop of 12 points and no actual debt was undertaken – just inquiries!
I lost five points for asking how big a car I can afford!
In other words, my friends, be VERY careful about your credit inquiries. Even a casual sentence can set off the Credit Score “munchies.”
I don’t dare trying to appeal – who knows how many points I would lose!
Instead, I will just keep paying my debts on time – higher payments than scheduled – and wait a couple of years. No, I will never ask what my Credit Score is ever again – JUST ASKING will ding more points!
I COULD open a new credit account – buy the car – and keep those payments current. That will improve my Credit Score as well. The more credit, the merrier.