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New Contributor
UplandCitizen
Posts: 54
Registered: ‎10-18-2012

Myfico EQ report dropped because of a change of address

[ Edited ]

Just wanted to let everyone know that reporting of a new address dropped by Equifax score 1 point for 806 to an 805.  Can anyone explain to me why this would happen?

EQ: 806 (10/10/2012)
TU: 811 (11/25/2012)

After Short Sale 11/20/12:
EQ: 694 (12/1/2012)
TU: 677 (12/5/2012)
Established Contributor
namvet
Posts: 866
Registered: ‎09-22-2011

Re: Myfico EQ report dropped because of a change of address

Must have been something else on your report causing the drop.  I've never seen a change in scoring due to a address change.

New Contributor
UplandCitizen
Posts: 54
Registered: ‎10-18-2012

Re: Myfico EQ report dropped because of a change of address


namvet wrote:

Must have been something else on your report causing the drop.  I've never seen a change in scoring due to a address change.


I have Scorewatch through MyFico and received a score change notice.  It dropped from 806 to 805, with the reason that a new address was reported on my credit report.

EQ: 806 (10/10/2012)
TU: 811 (11/25/2012)

After Short Sale 11/20/12:
EQ: 694 (12/1/2012)
TU: 677 (12/5/2012)
New Contributor
UplandCitizen
Posts: 54
Registered: ‎10-18-2012

Re: Myfico EQ report dropped because of a change of address

[ Edited ]

This is what Scorewatch said:

 

"The decrease in your FICO score happened on the same day as a change on your Equifax Credit Report triggered an alert.  Most likely, the decrease was caused by the credit report change, but this is not always the case.  Your score may have dropped because of some change on the credit report that was not reported as an alert.  Also, if multiple changes on the credit report happened on the same day, some may have helped the score while others hurt it."

 

Then the next box said:  "Your current address has changed on your credit file."

 

This was the only thing reported.

 

I would try and cut and past a photo or Snag-It but it won't let me paste it in the post. 

EQ: 806 (10/10/2012)
TU: 811 (11/25/2012)

After Short Sale 11/20/12:
EQ: 694 (12/1/2012)
TU: 677 (12/5/2012)
Valued Contributor
Epcot
Posts: 2,760
Registered: ‎10-10-2012

Re: Myfico EQ report dropped because of a change of address

I have never heard of a change of address causing a score change. Weird. Did you move to a riskier neighborhood? Lol!


Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 780 EX 770 TU 774
App free since 4/11/13
Moderator Emeritus
llecs
Posts: 32,880
Registered: ‎08-04-2007

Re: Myfico EQ report dropped because of a change of address

OP, the address didn't change your EQ FICO. You received a credit alert and as part of SW, it will grab your latest FICO score. Just like it says in the alert, the score change doesn't always occur as a result of that credit change. Your score change is just a net change after the last alert. For example, I once got an alert for +20 because I added an inquiry. Inquiries don't cause increases, but it was a dropped baddie that SW doesn't alert to that changed my score. And of course addresses and other demographic info aren't a part of FICO scoring anyway. Your change could be caused by any number of things like changes in util.

Valued Contributor
Repo-ed
Posts: 2,949
Registered: ‎02-09-2012

Re: Myfico EQ report dropped because of a change of address

I'm guessing util% as well. a very low amount has been reported.
New Contributor
UplandCitizen
Posts: 54
Registered: ‎10-18-2012

Re: Myfico EQ report dropped because of a change of address

Thanks! I was surprised when I received update. I pay my cards off every month but assume there was a small increase in the amount reported.
EQ: 806 (10/10/2012)
TU: 811 (11/25/2012)

After Short Sale 11/20/12:
EQ: 694 (12/1/2012)
TU: 677 (12/5/2012)

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