Okay, in the past couple of weeks I have had a slight ding (10 points) because of a new inquiry and a new account being opened (trying to get more TL as that was a "negative" on my report). I subscribe to Score Watch and just received a notice that my score dropped another 20 points. I went in and checked what was going on... I had sent a dispute because a dept. store card was not showing the current balance and had my account listed as overdue. This was not the case. I sent in the dispute and about a week later the dept. store updated the info (so it then indicated $0 balance) and there was not a change in my score. Here is the info I received from Score Watch:
This decrease in your FICO® score happened on the same day as a change on your Equifax Credit Report™ which triggered an alert. Most likely, the decrease was caused by the credit report change, but this is not always the case. Your score may have dropped because of some change on the credit report that was not reported as an alert. Also, if multiple changes on the credit report happened on the same day, some may have helped the score while others hurt it.
Before changes:
Balance: $0
Past due: $0
Status: Pays acct as agreed
Last activity: 1/1/07
High balance: $2697
Desc: Consumer disputes this account information. Closed or paid account/zero balance
After dispute (and drop of 20 points):
Balance: $0
Past due: Not on record
Stauts: Pays account as agreed
Last activity: 2/1/07
High balance: $2696
Desc: Consumer disputes this account information. Account closed by credit grantor.
Can anyone shed any light on this... I went from 711 (after the 10 point ding) to 691.... OUCH!!!!
