Huge hit on Equifax - 130 point drop!!

[Anonymous]

I know that CreditKarma does not give the "real" scores but it is usually a pretty good indicator of my progress. On Saturday I get this email from Credit Karma:

Hey Kenneth,

It looks like there is a change to your TransUnion credit report.

A new account was added to your credit report.

Do you recognize this new information?

When I looked at the Equifax report this is what I found:

• My Credit Union closed a 1 year old Credit Line account with a 350 limit.
• My Credit Union opened a Credit Line account with a $750 limit.
• A collection account has fallen OFF. (I am sure it will reappear)
• A drop from 585 down to 454. 

I see the same open/closed account information (collection account still there) on my Transunion report but I had a 6 point increase.  

This really hurts. Any ideas of what happened?

Thanks in advance.

Solo

[Anonymous]

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@Anonymous wrote:

I know that CreditKarma does not give the "real" scores but it is usually a pretty good indicator of my progress. On Saturday I get this email from Credit Karma:

Hey Kenneth,

It looks like there is a change to your TransUnion credit report.

A new account was added to your credit report.

Do you recognize this new information?

When I looked at the Equifax report this is what I found:

• My Credit Union closed a 1 year old Credit Line account with a 350 limit.
• My Credit Union opened a Credit Line account with a $750 limit.
• A collection account has fallen OFF. (I am sure it will reappear)
• A drop from 585 down to 454. 

I see the same open/closed account information (collection account still there) on my Transunion report but I had a 6 point increase.  

This really hurts. Any ideas of what happened?

Thanks in advance.

Solo

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You can safely disregard CK's scores - they are not true FICO scores and are often all over the map in reference to your real FICO scores.

[CostantinoA]

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@Anonymous wrote:

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@Anonymous wrote:

I know that CreditKarma does not give the "real" scores but it is usually a pretty good indicator of my progress. On Saturday I get this email from Credit Karma:

Hey Kenneth,

It looks like there is a change to your TransUnion credit report.

A new account was added to your credit report.

Do you recognize this new information?

When I looked at the Equifax report this is what I found:

• My Credit Union closed a 1 year old Credit Line account with a 350 limit.
• My Credit Union opened a Credit Line account with a $750 limit.
• A collection account has fallen OFF. (I am sure it will reappear)
• A drop from 585 down to 454. 

I see the same open/closed account information (collection account still there) on my Transunion report but I had a 6 point increase.  

This really hurts. Any ideas of what happened?

Thanks in advance.

Solo

---

You can safely disregard CK's scores - they are not true FICO scores and are often all over the map in reference to your real FICO scores.

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I have looked at my CK and saw a huge point change and then I look at myfico and very little.  One time I was so happy for 122 point jump on CK and myfico showed 23. lol

[JayTee1]

I experienced an 80+ point drop once on CK, and never saw anything change on MyFico.

[RonM21]

I'm with Norman, the CK scores aren't good for much. I only use it to help follow my credit report.

[Anonymous]

CK scores for me always are about 40 to 50 points off from my MyFico scores ... MyFico is always right in line with what the CB websites have me at. Trust MyFico but not CK.