I received a FICO alert on my report on the 1st. I thought it would be an increase since I had been sending out gw letters to remove lates on my account, but instead it dropped 7 points!
The reasons they state are the following:
This score decrease may be caused by these 4 new reasons:
You have a serious delinquency (60 days past due or greater) or a derogatory description on your credit report.
You have multiple accounts showing missed payments or derogatory descriptions.
You’ve recently missed a payment or the date of your most recent missed payment is unknown.
You have a short credit history.
I have not had any new late payments that I know of, and since the last time I ran my report my mortgage payments were only reporting until the October payments, so I thought my score would only increase.
What other reasons could their be? If there was a new collections on my report wouldnt the score watch pick that up?