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equifax score question.

Regular Contributor

equifax score question.

recently my score went up on their website. today it went down by a couple of points. i called them to see what the deal was. i was told that my sony card was having that effect. doesn't make any sense, seeing that my score went up after sony gave me a credit increase which outweighed my balance at the time. the initial balance was around 1000.00 with a 1500.00 limit. my limit is now 3800.00 with a balance of 650.00. any explanation on here from someone outside of equifax?

4 REPLIES
Super Contributor

Re: equifax score question.


legacys7 wrote:

recently my score went up on their website. today it went down by a couple of points. i called them to see what the deal was. i was told that my sony card was having that effect. doesn't make any sense, seeing that my score went up after sony gave me a credit increase which outweighed my balance at the time. the initial balance was around 1000.00 with a 1500.00 limit. my limit is now 3800.00 with a balance of 650.00. any explanation on here from someone outside of equifax?


This is your Equifax Credit Score ?   Not an EQ FICO score ?

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Regular Contributor

Re: equifax score question.

correct. equifax. not the fico version.

Super Contributor

Re: equifax score question.


legacys7 wrote:

correct. equifax. not the fico version.


In that case I wouldn''t worry about it.   FAKO scores sometimes behave in a divergent manner from FICO scores.  

 

The important thing is that your overall utilization and individual card utilization are lower, which is good news from a FICO perspective.

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Highlighted
Super Contributor

Re: equifax score question.

 

Moving to Understanding FICO scoring

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX