Credit Cards Center Credit cards from our partners
Reply
New Visitor
Posts: 1
Registered: ‎03-20-2007
0

Debt paid off - Equifax score drops, others rise - what gives?

I pulled all 3 credit reports 2 months ago - the numbers were 717 - 727 for all 3.  At the time (2 months ago) I had just paid off all my debt except the house.  I went to re-finance the house this week and lending tree pulled a new credit report, exquifax had dropped from 717 to 666, while the other 2 went up from 727 to 777.  I pulled my own equifax from my fico and sure enough it's at 666.  I checked what's on equifax now verus 2 months ago and it's the same information.
 
So what gives?  Anyone else seen anything like this?
 
I understand why the others rose - since I paid off all credit cards, short term loans etc.
Moderator Emeritus
Posts: 6,182
Registered: ‎03-29-2007
0

Re: Debt paid off - Equifax score drops, others rise - what gives?



barron wrote:
I pulled all 3 credit reports 2 months ago - the numbers were 717 - 727 for all 3.  At the time (2 months ago) I had just paid off all my debt except the house.  I went to re-finance the house this week and lending tree pulled a new credit report, exquifax had dropped from 717 to 666, while the other 2 went up from 727 to 777.  I pulled my own equifax from my fico and sure enough it's at 666.  I checked what's on equifax now verus 2 months ago and it's the same information.
 
So what gives?  Anyone else seen anything like this?
 
I understand why the others rose - since I paid off all credit cards, short term loans etc.


Something else must have changed.
New Member
Posts: 7
Registered: ‎05-24-2007
0

Re: Debt paid off - Equifax score drops, others rise - what gives?

I agree with Tuscani, check EVERY single thing.  Sometimes some get updated faster than others.  Did an inquiry show up?  Did another card balance show up?  I removed one auto loan from my report and moved it to my ex's name and when it showed closed/paid off my score dropped 5 points, was very strange but I was told it was because auto loans are fixed loans and prove credit over time and that they will be paid off in a set time where as credit cards don't and can be charged back up.
 
You said the equifax showed the SAME, meaning debt doesn't show paid off either?  If that is incorrect maybe something else is also?
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.