Re: Trying to understand Fico scoring
10-04-2010 06:58 PM
I made a mistake. My Experian score 16 months ago was 700, not 694, so it dropped 6 points. I reduced my credit card from $2600.00 to $257.00 with a credit limit of $13,000.00. I had no mortgage 16 months ago. I made 13 on time payments on it.. I put another 15-16 months of no lates since June, 2009 and yet my scores dropped on all three reports instead of going up. No inquires since June 17, 2009. No new lates.
My lender then pulled a Experian "Plus" score" 16 months ago and it went down???
I very much doubt that your lender pulled a "Plus" score. The normal Experian FICO score was available to lenders at that time and still is.
From a BK years ago to:
EX - 9/09 pulled by lender 802
EQ - 7/06-663, 3/10-800
TU - 8/10-772
You can do the same thing with hard work