11-26-2007 06:49 AM
We have received your email inquiry.
We apologize for the delay in responding to your inquiry and for the inconvenience you have experienced.
There are many reasons why your credit score may increase or decrease.
uses "Score Cards" which are used to group individual information on a credit report.
When accounts are placed on the Equifax Credit Report (TM), an individual "Score Card" is recorded.
Previously, you were in the best of a certain group. Your group may have been of higher risk to potential credit lenders. Once elements such as balances and entire accounts change on your credit report, you moved to a different comparison group, where you are now in a better overall group, but with lower than average standing.
11-26-2007 07:11 AM
11-26-2007 11:28 AM
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