The Saving Advice Forums - A classic personal finance community.

What Happened To My Credit Score?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • What Happened To My Credit Score?

    After unsuccessfully getting our interest rate reduced on our American Express Card. I tried surfing for some of the low interest balance transfer cards. After applying and being declined a couple of times I thought I'd check my credit report and score just to assure myself that there wasn't any fraudulent activity on it. Thankfully, there weren’t any signs of fraudulent activity but, I couldn't help but notice that the inquiries that I'd allowed for the balance transfer cards had negatively affected my score.

    When I last checked my report/score, my score was 738. What I couldn’t understand was how it could drop to 702!? So, I figured I’d better hold off on the card surfing for a while.

    NTBDF

  • #2
    I've read somewhere that every time someone does a hard credit pull, your score drops by 5 points.

    Comment

    Working...
    X