Just when I think I understand credit scores, I am reminded that the CRAs must really has a complicated algorithm. I have been waiting for a foreclosure to fall off and it did. Now that it has fallen off, my score has dropped 5 points. I understand that my average age of accounts is less and that would have an impact but to lose 5 points for the average age being 5 months less after the foreclosure falling off has me stumped. May I ask for some input on this?
Yep, you've been rebucketed. I've got my last two baddies falling off later this year and really don't expect much of an increase as I will be rebucketed.
You may be overlooking the biggest thing. Score isn't everything. A 720 with a clean report is worlds better than a 740 with a foreclosure.
The negative being removed may have thrown you into a different scoring bucket.
Depending on other things in your report, the good news is your score should rebound fairly quickly and possibly an increase.
You guys are great. A lot of knowledge out there. I have rebounded a little, 11 points Which is a net 6 points.