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Established Member
hockeymom2119
Posts: 17
Registered: ‎04-07-2009

Is this even possible

I anxiously opened an email for my FICO alert, only to be so let down. My BK dropped off as of 8/1/12. This is the first score watch alert I've gotten, and I expected an increase in my score. It went from 635 as of July 25 to 585 as of today? How is that possible? I have 2 late payments back in 2010, and have only applied to refinance a car recently. No recent inquires, missed payments, etc. I am so disappointed.

Valued Contributor
p-
Posts: 2,539
Registered: ‎06-05-2008

Re: Is this even possible


hockeymom2119 wrote:

I anxiously opened an email for my FICO alert, only to be so let down. My BK dropped off as of 8/1/12. This is the first score watch alert I've gotten, and I expected an increase in my score. It went from 635 as of July 25 to 585 as of today? How is that possible? I have 2 late payments back in 2010, and have only applied to refinance a car recently. No recent inquires, missed payments, etc. I am so disappointed.


Print both reports - i.e. before and after, and compare them line-by-line.  If you share the differences here, I'm sure everyone will chime in.  If you haven't looked at the report, you should.  There might be a new baddie you're unaware of.

  2-13-14: FICO EXP: 779 - EQU: 742 - TRAN: 765 - AVG: 762 - +212 points from JUN 2008 - MY CREDIT JOURNAL

Established Contributor
emptypockets
Posts: 956
Registered: ‎02-03-2009

Re: Is this even possible

Once the BK drops, you get "re-bucketed" into the group of people with no BK reporting. In some cases, this can cause your score to drop, becausemany people in this group have no baddies at all (if this makes sense). You are now in thelower 'tier' of your new bucket.

 


CC's: AMEX (4), Alliant Visa, PenFed AMEX, Nordstrom Visa,US Bank Cash+, Chase (5), Huntington Voice, UMB Visa, Dillard's AMEX, Barclay's Visa, Citi (4), Discover IT, Walmart Discover, Sam's MC, Cabela's Visa, Cap One QS, BOA (2), BMW Visa, Comenity Visa/MC (3), Ebates Visa Siggy, 5/3 RLR MC, Macy's AMEX; Several store cards.

Current Scores: EQ (6/14): 800; TU MyFico (6/14): 814; Walmart TU Fico 08 (7/8/2014): 814; EX (6/14): 775
Valued Contributor
Repo-ed
Posts: 2,953
Registered: ‎02-09-2012

Re: Is this even possible

Provided that there is nothing else new reporting, then your score will go up fairly quickly through that "bucket"


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