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How could my FICO Score have gone down???

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Anonymous
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How could my FICO Score have gone down???

I was pre-approved for a mortage 3 weeks ago. The mortgage lender I was working with suggested that I pay-off 4 of my delinquent debts to help bring down my interest rate and down pymt requirement. I paid the debts, got all of the proper documentation  and my credit score was re-run. My TU and EQ scores went up.... as much as 28 points. My Experian score plummeted 33 points. Now instead of trying to save money, I no longer qualify for the loan. How could my Experian score dropped like that when the others went up?

 

 

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haulingthescoreup
Moderator Emerita

Re: How could my FICO Score have gone down???

Did you get copies of all three reports? If so, I'd lay them out side-by-side and compare balances, dates, statuses, all sort of details.

Sounds like maybe EX reported a delinquent debt as current?
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
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