Understanding FICO® Scoring

[Pickle027]

I just logged in and saw that my FICO went from 683 to 615 overnight for no reason. I got no alerts...the only thing it said was, "Recently missed payment or date of last payment unknown" as a reason it MAY have dropped. I have no collections, no late payments on anything in over 12 months. What has caused such a significant drop in scoring? I recently applied for a refinance, but would two hard inquiries drop my score like that? 

[JM-AM]

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Pickle027 wrote:

I just logged in and saw that my FICO went from 683 to 615 overnight for no reason. I got no alerts...the only thing it said was, "Recently missed payment or date of last payment unknown" as a reason it MAY have dropped. I have no collections, no late payments on anything in over 12 months. What has caused such a significant drop in scoring? I recently applied for a refinance, but would two hard inquiries drop my score like that? 

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Sounds to me that you may have a current missed payment. Maybe something you overlooked and thought you paid.

While it isnt clearly stated that may be the reason, the best advice I can offer is to pull your credit reports and compare them to an older report and see what has changed.

[Pickle027]

I thought that too, but I only have three accounts I could have missed a payment on...all are set up automatically and all have come out of my bank account on time. 

[guiness56]

Does the bank pay the accounts by ETF or by check?