Just lost 28-30 pts on both my TU and EX fico scores...(not FAKO)
Know some of the reasons but wondering if/when ill get them back...
All but one card PIF
My Secure Share Loan dropped off my reports but the replacement hasn't yet appeared on my reports <----
(though i have made the lump repayment back on it already)
Opened up an Amazon Prime Visa a month or so ago <----
Paid off my 0% balance with Chase (right before i apped)
6% utilization total
Didn't quite expect that much of a hit...
Any guesses as to when ill see any of this back?
-J
@manyquestions wrote:30 points is not unusual for the paid off loan hit. You will likely get it all back when the new loan reports if you are doing the 90% paid off secured loan thing
Caught me a bit offgard...
Going from 750s-760s to 730s was a bit of a shock/panic....
Thought i had enough TLs to buffer it a bit better than that.. I dont have a thick file...
So now the wait for alliant to report...
Hoping it made it for this month....
-J
@Anonymous wrote:This has 100% to do with the lack of a current installment loan present. You'll get back the points as soon as your new SSL reports. In the future it's advisible scoring wise to have your new loan report a cycle or so before you eliminate the existing one. That slight overlap will prevent the 25-30 point score drop. Of course, if you aren't applying for credit or anything it's not a major deal as the points will come back as quickly as they vanished.
I was going to take another hit on the Discover pipe sometime in March... eh. ill wait for it ....