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@Anonymous 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.
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.
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.
@Anonymous 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.
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.
@Anonymous wrote:
@Anonymous 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?