@Anonymous wrote:
Al ittle over a month ago I paid off a loan that I had for 18 months. Last week I received alerts that my scores dropped across the board, EX 12 pts, TU 10, and EQ 3. I didn't think my scores would drop like that, especially since I have 3 other installment loans still reporting.
Also, after after applying for and being accepted for 2 CU cc's this week, I received an alert from EQ that I had a 3 pt increase. Is this because I replaced the paid off installment with another line of credit?
Can anyone explain what happened here??
What is your utilization like? Did the addition of the new revolving lines happen to pad your overall util causing a score increase? How many revolving TL's did you have prior to the 2 new ones?
Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
801 EQ FICO 06/2022
797 TU FICO 04/2022
793 EX FICO 04/2022
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