Score Goes Up then Down

[Reighn9]

I have been agressively paying down my very high balances/utilization since January. I suffered a 25 point score drop in March when I paid off an auto loan with 2 remaining open installment loans (1 auto, 1 personal), By the first week in June I had finally recoved that score loss, lowered my overall revolving utilization from above 90% to near 69%. I know it's still high, but I'm doing the best I can, especially with CCCs dropping CLs as I pay them down. I finally started to see my scores increase in May from my balances going down and they were all finally in the "good" range. T oday I got a 10 point drop on EQ and 5 point drop on TU with balances still decreasing, and no specific reason given. What gives? I can't figure out what happened.

[DollyLama]

You might want to check that they are not still balance chasing you on the CCs, thus raising your utilization regardless that you are paying it down. 

[Anonymous]

Where are you getting your scores from?  Website?

[Reighn9]

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@Anonymous wrote:

Where are you getting your scores from?  Website?

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I'm sorry I thought I mentioned that-I use MyFico 3B monitoring and follow my scores very closely.  I didn't see any new CL drops in the past few days either.  I had a score drop drop 1st of month from Hard Inquiry I was told wasn't going to be pulled so it shouldn't be dropping again from that

[Anonymous]

That 25 point drop from the installment loan: were your remaining loans really new or showing 100% of original loan amount still due?

With the new point drops, other than inquiries, did you have any new accounts report?

[Reighn9]

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@Anonymous wrote:

That 25 point drop from the installment loan: were your remaining loans really new or showing 100% of original loan amount still due?

With the new point drops, other than inquiries, did you have any new accounts report?

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My personal loan I got 03/2015 for 48 months so 03/2017 when the payoff reported it was half paid paid. The loan I paid was opened 06/2014.  Just before I opened that auto loan I had to pay off another auto loan. There was no score change and I had no other loans.  My current auto loan was opened in 08/2016 and was reporting at 81% of the original amount when the payoff posted and the account reported closed. I think the newest account reporting is the auto loan.  Most of my inquiries are from auto buying but they are not being considered that way.

[mitchblue]

Bottom line scores go up and down, down and up. And there is a plethora of reasons why..