07-09-2011 07:04 PM
Ok so... My score just dropped 20 points. I have no new accountsn no others have dropped off, and I'm actually less in debt (by several thousands of dollars) than I was the last time my score changed (for the worse (4 point drop). Went over the report and there is no difference other than less debt being reported than the last time.
Somethings NOT right here. I am also noticing many others are facing the same delima right around the same time... What gives?
Score was 769 now is 747.
07-10-2011 05:57 AM
Were these scores actually FICO scores? If so, it is possible you might have been rebucketed. This is a concept I have trouble understanding and do not totally agree with but you can do a little research and find out more about it on this site.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO