Hi,
I pulled all 3 FICO scores on 2/4/08 and again on 3/7/08. My score on TransUnion went down 17 points and I can't understand why. Here is what I discovered under "What is helping and what is hurting? Can anyone explain this to me?
2/4/08
TransUnion
score: 706
Helping:
Low credit usage: 1%
Many accts paid on time: 8 accounts
Recent credit card use
Hurting:
Deliquency+public record: BK13 filed 4/2002 discharged 8/05
Short Account History: 13 Years 1 Month
Bad payment history: 6 accounts due to BK13
3/7/08
TransUnion
score: 689
Helping:
Low credit usage: 1%
Long Account History: 13 Years 1 Month
Many Accts paid on time:8 accounts
Hurting:
Deliquency+public record: BK13 filed 4/2002 discharged 8/05
Bad payment history: 6 accounts due to BK13
Recent missed payment: shows 11 months ago. I haven't been late since 2002
How is it possible to have a short account history one month in the "hurting" catagory to having the same thing appear the following month in the "helping" catagory? I also don't understand the recent missed payment when it doesn't show up on the TransUnion report.
I really want to understand why my score dropped 17 points. Thank you in advance for responding.