The Motley Fool Discussion Boards

Previous Page

Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Haven't checked the FICO in quite a whil Date:  7/15/2016  10:55 AM
Author:  xtn Number:  310644 of 313043

842! Congratulations! I think that may well be the highest I've heard anyone have.

Thanks, but Joel just said he had the eight-fiddy.

When a dealership tells you they have to run your credit, they fail to tell you that they run your credit up to 5 times checking different rates. The result of this is a drop in your score for every time your credit gets checked for this.

FICO is "supposed" to take into account multiple hits within a small time frame and consider it a "single" purchasing event. But I dunno how well or poorly it does so.

Copyright 1996-2021 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us