@Anonymous wrote:
Hello, I'm a long time lurker and first time poster. Yesterday I got an email from Credit Karma saying my credit score went down. I've maintained an 795-802 over the past 5 years at all 3 credit bureaus. I logged in and to my shock TransUnion dropped by 59 points! There are no new accounts, no delinquencies, no closed accounts, literally no changes whatsoever. I monitor my credit regularly using Credit Karma and the free utilities provided by my credit cards. I yelled out in shock and a co-worker rolled her chair back to see what happened. I showed her my score so she checked her email and saw the SAME email from Credit Karma and she lost 55 points. I immediately texted everyone I could think of, asking them to check their scores and so far none have experienced this. The only thing my co-worker and I even have in common is a Chase Freedom credit card with close to no utilization. Has anyone else experienced such a drastic drop that was unexplained? My credit utilization is usually aroung 6% (12% at the moment after buying a few laptops). All of my vehicles are paid off and I have a mortgage that I've never missed a payment or had a late payment on. I'm kind of freaking out here. I also ran a full credit report and after sifting through pages and pages of it there is no explanation. What should I do?
If you’ve lurked in here for a while you do know that those are vantagescore 3 scores. Not FICO scores. So they take data and use them differently. An old account may have fallen off and took the average age down. There are a million things that could have changed on ones report. I wouldn’t worry too much being it isn’t a FICO score. And your utilization went from 6% to 12%. That will cause a drop in your score. Not accounting for The Whole amount, but a chunk of it.
