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I have not been late with any of my payments since March of 2003. As of December 2007 my scores were TU 744, EQ 718, EX 725. My problems started in December of 2003, when I wrote Chase GW asking (with humility) them to delete the negative information from 2002/ 2003. They complied, thats he good news, the badnews is, TU dropped my score by 40 points. And it almost a year later and my TU score has not moved 1 point. When I wrote TU a letter asking why they deleted my whole credit history with Chase as opposed to amending the negative information TU responded by taking another 4 points from my score.
Like I stated, I haven't been late with a payment in 5 years 8 months. Target Visa/7500 I never go above 10% Sears 3500 I never go above 15 % haven't used in 3 months. Macy's 1750, never above 10% Leased until 2001, I took option.Car note since 2003 15000/ 310m 55/60= 5 payments left.
That said, since June,EQ has taken 11 point from my score and I don't know why. There have been no inquires, no late payments. What the hell is going on?
TU 696 EQ 705, EX745
I had this same issue with Chase when I disputed some information with them. They removed the whole tl instead of correcting the incorrect information. Of course I did not mind since I only had their card for 1 year so my AAOA was actually improved with the removal of the closed account.
Without more information about your whole situation it is hard to say what is happening to your scores. However, I would venture to guess that without the Chase card your total utilization has gone up and you AAoA has dropped drastically. Has your % utilization been fluctuating recently leading to the score drops? 1% is ideal <10% is good. Others on here are much wiser than I about scoring issues and probably will have better ideas of what is happening.
Cheers