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So, my FICO score as monitred on myfico.com alerted me uf a drop of 16 points yesterday but then today it jumped up 20? What in the world? What could have caused this...nothing new has shown up on my reports and I'm disputig stuff, but haven't heard back from creditors yet.
I also monitor my score on another website and it monitors my TU score and it dropped yesterday as well, but stayed down--no jump back up...what's going on?
Thanks.
kt_scarlett007
This explanation was recently posted by flyingifr in another forum. But I think it applies here.
While FICO has admitted that certain factors enter into the calculation of their Credit Score, and these factors include
* Amount and type of debt owed
* Payment history
* Percentage of Lines used
* Length of time in Credit File, among others...
FICO has refused to tell how these factors enter into play, leaving us all to wonder what FICO isn't telling us.
My guess is that the factors that enter into the equation that they aren't telling us include, but are not limited to:
* the pattern of chicken bones when they are they are thrown against a wall
* the contents of the entrails of a pig when examined by a qualified seer
* the path of smoke as it rises from a fire made of Saguaro Roots and Hypatia leaves after being sprinkled with the blood of a virgin
@Itsmeagain wrote:kt_scarlett007
This explanation was recently posted by flyingifr in another forum. But I think it applies here.
While FICO has admitted that certain factors enter into the calculation of their Credit Score, and these factors include
* Amount and type of debt owed
* Payment history
* Percentage of Lines used
* Length of time in Credit File, among others...
FICO has refused to tell how these factors enter into play, leaving us all to wonder what FICO isn't telling us.
My guess is that the factors that enter into the equation that they aren't telling us include, but are not limited to:
* the pattern of chicken bones when they are they are thrown against a wall
* the contents of the entrails of a pig when examined by a qualified seer
* the path of smoke as it rises from a fire made of Saguaro Roots and Hypatia leaves after being sprinkled with the blood of a virgin
LOL!!!!!!!!!!!!!!!!!!!!!! I'm dying laughing!