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New Contributor
Barneygirl
Posts: 86
Registered: ‎04-06-2014

TU Score Dropped by 50 Points???????

Okay folks, I am at a complete loss....  my TU score dropped 50 points in 30 days!!!  And the only thing that's changed is that one of my two credit cards held a $300 balance (instead of $0) on a $2000 limit.  That is the ONLY change!!!!

 

What the heck!????!!!!!

 


Starting Score: EQ589; TU643; EX615
Current Score: EQ651; TU668; EX644
Goal Score: 700s across the board!!


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Community Leader
Valued Contributor
user5387
Posts: 1,794
Registered: ‎07-01-2010

Re: TU Score Dropped by 50 Points???????

Are you getting your scores from this site?

 

The TU scoring model has recently changed, from TU 98 to TU 08.

 

If this change is applied to a specific credit report, the score can go up or down.

 

Also, if your utilization goes up, as you mention, I would expect a score hit, but probably not this dramatic.

 

Blogger
HiLine
Posts: 2,836
Registered: ‎10-19-2012

Re: TU Score Dropped by 50 Points???????


user5387 wrote:

Are you getting your scores from this site?

 

The TU scoring model has recently changed, from TU 98 to TU 08.

 

If this change is applied to a specific credit report, the score can go up or down.

 

Also, if your utilization goes up, as you mention, I would expect a score hit, but probably not this dramatic.

 


+1

New Contributor
Barneygirl
Posts: 86
Registered: ‎04-06-2014

Re: TU Score Dropped by 50 Points???????

yes, I buy all three scores off here once a month.  Since I'm on the journey to rebuild, I'm trying to gauge the "sweet spot" for utilization.  I expect slight variations in my reports months due to cc utilization changes... but not a 50 point hit!!!


Starting Score: EQ589; TU643; EX615
Current Score: EQ651; TU668; EX644
Goal Score: 700s across the board!!


Take the myFICO Fitness Challenge
Moderator
Revelate
Posts: 8,476
Registered: ‎12-30-2011

Re: TU Score Dropped by 50 Points???????


Barneygirl wrote:

yes, I buy all three scores off here once a month.  Since I'm on the journey to rebuild, I'm trying to gauge the "sweet spot" for utilization.  I expect slight variations in my reports months due to cc utilization changes... but not a 50 point hit!!!


Would suggest that Scorewatch is a much more cost effective tool to do this with.

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 679, EQ 8 708, TU 711, EX 702* (07/14/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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New Contributor
Barneygirl
Posts: 86
Registered: ‎04-06-2014

Re: TU Score Dropped by 50 Points???????

I have score watch, but that only updates EQ, not the other two. Since I need to qualify for a mortgage here in a couple months I check the other two monthly. I about choked when I saw my highest score plummet to my lowest score overnight!!!

Starting Score: EQ589; TU643; EX615
Current Score: EQ651; TU668; EX644
Goal Score: 700s across the board!!


Take the myFICO Fitness Challenge
New Contributor
Barneygirl
Posts: 86
Registered: ‎04-06-2014

Re: TU Score Dropped by 50 Points???????

So if TU implemented a new model, is it just FICO that uses it? I check my TU score daily on the TU site and my score hasn't changed!!

Starting Score: EQ589; TU643; EX615
Current Score: EQ651; TU668; EX644
Goal Score: 700s across the board!!


Take the myFICO Fitness Challenge
Moderator
Revelate
Posts: 8,476
Registered: ‎12-30-2011

Re: TU Score Dropped by 50 Points???????


Barneygirl wrote:
I have score watch, but that only updates EQ, not the other two. Since I need to qualify for a mortgage here in a couple months I check the other two monthly. I about choked when I saw my highest score plummet to my lowest score overnight!!!

Hate to say this but none of the scores currently purchasable from myFICO are used in a mortgage.

 

Can't get utilization metrics that tight for FICO '04 anymore from this site, best bet would be Equifax's Scorewatch product if you're trying to optimize utilization for a mortgage and I would suggest ignoring everything else and simply trust that EX/TU follow similarly for utilization on your file and resulting score.  Generally speaking simply hammering your utilization is the biggest issue, trying to pinpoint 1% vs 3% vs 5% numbers isn't worth nearly as much.

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 679, EQ 8 708, TU 711, EX 702* (07/14/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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Blogger
HiLine
Posts: 2,836
Registered: ‎10-19-2012

Re: TU Score Dropped by 50 Points???????

Stick to the MyFICO Score Power reports for FICO scores that mortgage lenders actually use. Score Watch doesn't give you those scores anymore. 

Moderator
Revelate
Posts: 8,476
Registered: ‎12-30-2011

Re: TU Score Dropped by 50 Points???????


HiLine wrote:

Stick to the MyFICO Score Power reports for FICO scores that mortgage lenders actually use. Score Watch doesn't give you those scores anymore. 


It is Equifax Score Power which is FICO '04.

 

Nothing to do with myFICO in this instance, is twice now seen that mistatement, is it in your macro? :smileyhappy:

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 679, EQ 8 708, TU 711, EX 702* (07/14/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


Take the myFICO Fitness Challenge

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