Usual caveat of something else might've changed; however, I'd go look at the old vs newly reported tradeline and see what the original balance is set in this case. It's entirely plausible that something got mucked up (like this) with the account number change and it'll clear up on the next reporting cycle... had a lot of new accounts in my case recently report halfsie style missing some pretty salient information.
@tjmolly wrote:On one of the 3 reports my student went from being reported as $0 to the current balance, but on the other reports, they were reporting the loan for years and the payments (those other 2 reports did not drop in score.) As if a "new" balance was reported so FICO algo punishes me on that one account. Shouldn't they be obligated to back date the report to true representation of the acount?
Is it right currently or wrong?
FICO 8 appears to have an aggregate installment utilization calculation, which is a simple ratio of sum of current balances to sum of original balances.
It's substantial enough in the algorithm this one change could count for that if suddenly your aggregate calc went from say <20% to >80%.