First off, you bought both reports (EQ) from here, right? Do you still have your old report? If you bought it with a product like ScoreWatch, then the old report should still be showing, I believe.
Do you have anything report aside from the mortgage and car loan? No CCs, right? Did you have a charge-off? Did that report since your last FICO score pull?
I ask because you'd need to compare your before and after reports. 100 point drop is big. There are several things that could cause that. Look for changes like the following:
- Utilization. Utilization is big. If you have any CCs, and those are reporting above 100%, then you'd see a significant decrease. If you are comparing low utilization to high utilization on the latter report, then that can certainly be a big source for your loss.
- Added baddies. Look for any new lates. A new 30 day late, for example, can drop you quite a bit. You had mentioned a CO. If that CO updated as late within the past 6 months, then you'd see a big drop.
- Disputed accounts. If anything is disputed, you can lose points.
- Dropped accounts. If any OC account fell off in the past 6 months, then your AAoA could have dropped and your score as well.
- Added accounts. If you added any new accounts, like a new car, within the past 6 months, then you'd see a score drop.
- Mix of credit. If you had CCs reporting 6 months ago (w/ a balance and/or open) and have none now, then you'd see a score drop.
- Updated accounts. If you paid on any CO, IMO, your score can drop as the baddie updates. Also, COs will continue to usually mark you late every month up through the point you PIF or they sell it. If you have any CO, then you should see added lates. Also, if any CO was a CC, for example, then paying that in full can result in a score drop as it is removed from utilization and scoring.
Your TU score could be lower for the same reasons.
ETA....typesetting looks weird to me on my post...sorry if it looks strange on your end.
Message Edited by llecs on 10-07-2009 03:51 PM
