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Confused - Equifax Score Dropped

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Anonymous
Not applicable

Confused - Equifax Score Dropped

On 7/4/12, my Equifax score was 638.  Today I discovered that it dropped to 598. Nothing has changed, other than I paid off an account that was in collections and it is reported with a $0 balance.  No inquires.  No late payments.  No new accounts.  I'm so confused.  In the same amount of time, my Experian score shot up and I was expecting to see the same from Equifax.  Advice?  I was hoping to purchase a car in the next month.

Message 1 of 5
4 REPLIES 4
Shogun
Moderator Emeritus

Re: Confused - Equifax Score Dropped

Was it in dispute before?  Nothing else changed in the TL?

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Message 2 of 5
Anonymous
Not applicable

Re: Confused - Equifax Score Dropped

No, nothing in dispute.  Sorry, I'm not sure what TL means, but nothing changed other than an account was zeroed out.  Is there anything I can do at this point? 

Message 3 of 5
Anonymous
Not applicable

Re: Confused - Equifax Score Dropped

***Additional information....the 597 score came from my free annual credit report that I pulled tonight.  I just now purchased my Equifax score through MyFico again (last time was in July) and the scores is 645.  Why the difference?  And which score is the one that's pulled by the bank? 

Message 4 of 5
bettercreditguy1
Established Contributor

Re: Confused - Equifax Score Dropped

The score provided by Annual Free Credit is NOT a Fico score. It is a generic, aka a FAKO. You may use it as a benchmark to see if you are improving or floating evenly. Financial Institutions will almost always use some form of a FICO Score of which there are 49 different varietys.

Updated scores 3/7/21 TU 849, EQ 829, Ex 818 (all Fico scores) Remember the Three P's: Pay early in Full, Pay on Time, Patience
Message 5 of 5
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