Reply
New Member
Posts: 2
Registered: ‎05-25-2007
0

How can this be?

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.
Moderator Emeritus
Posts: 7,970
Registered: ‎12-19-2007
0

Re: How can this be?

Maggie, if I were you, I would go through each account one by one, paying special attention to the payment history portion to ensure that nothing is being reported p.d. Also, look at the payment status on each report.
___________________________________________________________________
Do what is true in spite of the consequences--your future is only as true as you are.
Moderator Emeritus
Posts: 9,252
Registered: ‎03-19-2007
0

Re: How can this be?

Mine flips back and forth between helping and hurting as well-
 
I would dig in and find an change-
Accounts with balances?
Cards/account birthdays?
 
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.