Loan paid/new loan posted, lost 16 points

[masscredit]

My old auto loan was reported paid and my new auto loan is now reporting.  Lost 16 points because of that (EQ08). I didn't lose this many points when I purchased the other car. 

It's little things like this that can throw a wrench into other credit. I'm due for some auto-CLIs this month. This could cause an issue with those.

[FocusedAndDetermined]

New TLs will impact AAoA, which will usually lead to a FICO score drop.  If most of the cards in your siggy are fairly new then the effect will be greater.  Score will rebound over time.

[masscredit]

I lost some posts after the other loan reported earlier this year. The balance on one of my cards also increased around that time so I didn't think much of it. The points came back after I paid the card down a few months later. Was very surprised to see a 16 point hit. Most of the cars in my signature are just over 2 years old. Two are 3 years and one is 5 months.

[Anonymous]

same thing happend to me here

http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/score-dropped-about-40-points/m-p/3508061...

[masscredit]

Ouch! You took a 40 point hit. Probably because of your thin file. I'm hoping to see mine bounce back in a few months.