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Valued Member
Posts: 31
Registered: ‎06-30-2015
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MyFico Score Drop?

I just recently signed up for the MyFico 3B monthly service. Today I got an alert that my transunion score dropped 1 point from 770 to 769. It didn't give me any info as to why.

Just to note, on Feb 9th I was approved for amazon's vida signature but they pulled by Experian and equifax the equifax took a 3 point hit.

Any ideas what could make my TU drop a point with utilization only going down?
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Posts: 6,307
Registered: ‎02-24-2015
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Re: MyFico Score Drop?


Mishka1919 wrote:
I just recently signed up for the MyFico 3B monthly service. Today I got an alert that my transunion score dropped 1 point from 770 to 769. It didn't give me any info as to why.

Just to note, on Feb 9th I was approved for amazon's vida signature but they pulled by Experian and equifax the equifax took a 3 point hit.

Any ideas what could make my TU drop a point with utilization only going down?

It never says why.

 

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Senior Contributor
Posts: 7,043
Registered: ‎04-11-2016

Re: MyFico Score Drop?

I honestly wouldn't consider 1 point a "drop" really; scores can fluctuate a couple of points here and there.  My FICO scores are pretty consistent, but will go up or down a point every few weeks at times.  My VS 3.0 scores are +/- 1-2 points almost every week with my CK update. 

 

Basically my suggestion is to simply not sweat it since it's 1 point.

 

A 3 point drop from receiving an inquiry is very typical.  Expect to see another point drop once that account reports.  You should see your score rise back up within a few months though as the inquiry and "new account" ages.

New Visitor
Posts: 6
Registered: ‎02-23-2017
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Re: MyFico Score Drop?

My understanding is that there is a fine line on how utilization affects your score. Utilization too close to zero may have a small impact on your score. I have read that it's best between 5%-7%. Ofcourse it depends on your specific situation, it is worth looking into. Although, as others have mentioned, a 1 point drop in 1 month is negligible.

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Posts: 257
Registered: ‎12-27-2015
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Re: MyFico Score Drop?


Mishka1919 wrote:
I just recently signed up for the MyFico 3B monthly service. Today I got an alert that my transunion score dropped 1 point from 770 to 769. It didn't give me any info as to why.

Just to note, on Feb 9th I was approved for amazon's vida signature but they pulled by Experian and equifax the equifax took a 3 point hit.

Any ideas what could make my TU drop a point with utilization only going down?

Reasons:

 

1: The tide came in on Chesapeake Bay

2: The Full Moon

3: Gwen Stafani broke up with her latest BF

 

Need any more reasons? I lost 65 points in December and had NO changes in my CRA files except a payment on my car loan. No one can explain to me where those 65 points went or why. Credit Scores are like a 3-card Monte game - you get one, you lose 2 - that's how they keep you playing.

FICO 8 Scores
2/14/17,EFX - 614, 4 Derogs,TU - 621, 6 Derogs, EXP - 603, 3 Derogs 3/7/17, EFX - 579, TU - 595, EXP - 588, same Derogs 4/8/2017 EFX - 683, TU - 791, EXP - 605 All Chargeoffs removed from TU 5/8/17 EFX 750, TU 796, EXP 625 All chargeoffs removed from EFX 5/15/17 EFX 743; TU 794; EXP 715 6/1/17 EFX 762; TU 794; EXP715 8/15/17 EFX 762; TU 777; EXP 760
img src="http://i.imgur.com/Gfc4B.png" border="0" title="Silver Garden Club Member" width="40" height="40" align="right">
Valued Contributor
Posts: 1,616
Registered: ‎12-16-2014
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Re: MyFico Score Drop?

You will see these small changes all the time, sometimes there is an alert that ties a specific change to the score change like paying down a card or increase in utiliazation.  I have learned to ignore these little shifts as long as month to month things are going well overall.  

Gardening till 2018, Goal of 700's by the end of 2017
MyFico Scores Aug 2017: EQ 675 TU 695 EXP 698
Senior Contributor
Posts: 4,264
Registered: ‎11-11-2015
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Re: MyFico Score Drop?


Flyingifr wrote:

Mishka1919 wrote:
I just recently signed up for the MyFico 3B monthly service. Today I got an alert that my transunion score dropped 1 point from 770 to 769. It didn't give me any info as to why.

Just to note, on Feb 9th I was approved for amazon's vida signature but they pulled by Experian and equifax the equifax took a 3 point hit.

Any ideas what could make my TU drop a point with utilization only going down?

Reasons:

 

1: The tide came in on Chesapeake Bay

2: The Full Moon

3: Gwen Stafani broke up with her latest BF

 

Need any more reasons? I lost 65 points in December and had NO changes in my CRA files except a payment on my car loan. No one can explain to me where those 65 points went or why. Credit Scores are like a 3-card Monte game - you get one, you lose 2 - that's how they keep you playing.


Could one of your derogatory accounts have updated?

AMEX BCP $9000- DCU Platinum $10000- PenFed Power $11000- Chase FU $11700- AMEX EDP $15000- NFCU CLOC $15000- Chase CSP $18900- Discover IT Miles $20000- Penfed Promise $25000- NFCU Go Rewards $27100- Venture $27750 **As of 10/17/17** EX- 760(13) TU- 759(12) EQ- 730(14) UTI 5%- Clean Files

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