So I got my last collection removed last month and my score jumped up to 786! I canceled my score watch because I was tired of paying for it, I just resigned up and my score has dropped from 786 to 756 in a matter of about 3 weeks. There is nothing new on my report and I havent signed for anything. I just dont understand why there would be such a hge drop for no reason!!!
Starting Score: 570
So you got your last baddie removed? Could be a case of rebucketing? I don't know. Maybe something else fell off as well.
Starting Score: 504
Current Score: EQ FICO 819, TU08 775, EX "Who Knows?" Quizzle 756
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
I think I may ahve figured it out..... I compared the two reports and found a difference. The 786 report had only one negative factor and that was an account opened 6 months ago. The 756 had 2 negative factors: an account opened 6 months ago and also a short credit history, oldest of 8 years ago and average age at 3 years.
I guess once the collection was removed the age of the accounts became a bigger factor and that dropped the score?
AJC1987 wrote:I think I may ahve figured it out..... I compared the two reports and found a difference. The 786 report had only one negative factor and that was an account opened 6 months ago. The 756 had 2 negative factors: an account opened 6 months ago and also a short credit history, oldest of 8 years ago and average age at 3 years.
I guess once the collection was removed the age of the accounts became a bigger factor and that dropped the score?
That's certainly possible. My understanding is that different metrics carry different weights dependent on what bucket you're in (which determines the range of your scores). In general, the higher you are, the more any one given point of negative information affects you.
It's really hard to say in this case, but sounds simply like you need to just sit back and enjoy the ride 
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Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)Current Score: EQ 660, Wally TU 697, EX unknown (05/13/13)
Goal Score: 680 in all three (01/01/14)
Take the FICO Fitness Challenge
Revelate wrote:
AJC1987 wrote:I think I may ahve figured it out..... I compared the two reports and found a difference. The 786 report had only one negative factor and that was an account opened 6 months ago. The 756 had 2 negative factors: an account opened 6 months ago and also a short credit history, oldest of 8 years ago and average age at 3 years.
I guess once the collection was removed the age of the accounts became a bigger factor and that dropped the score?
That's certainly possible. My understanding is that different metrics carry different weights dependent on what bucket you're in (which determines the range of your scores). In general, the higher you are, the more any one given point of negative information affects you.
It's really hard to say in this case, but sounds simply like you need to just sit back and enjoy the ride
+1 you probably went from the top end in one bucket to the low end of the next bucket.
