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Established Member
Posts: 21
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?
Senior Contributor
Posts: 4,930
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.

 


FICO8 EQ 777 TU 802 EX 786 FICO5 EQ 722 Total revolving 353700
Valued Contributor
Posts: 3,779
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.

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