Valued Member
Freakshow77
Posts: 39
Registered: ‎07-17-2012
Why did my score drop??
Help me understand. My score was a 621 and it dropped to 614 today. The alert said there was no changes to my CR, but may be due to a balance limit increase.
However there was no increase I am very carefull now to pay off my 2 credit cards every month before the statement. If anything my debt is less so why the sudden drop with no changes on my report?
Valued Contributor
tcbofade
Posts: 2,189
Registered: ‎09-26-2011
Re: Why did my score drop??

My immediate thought is that something DID change.

 

Did you have a balance on one of your cards last time you pulled your score?

 

If you did, and you've since paid the debt to ZERO, that will actually LOWER your FICO score...



Current Scores: EX 671 (FCR) TU08: 648 Wally (TU08). 08/29/14 Last app 05/29/2014.
Being held hostage in the garden until 01 November 2014.

Zero percent financing is where the devil lives...
Moderator Emeritus
llecs
Posts: 32,881
Registered: ‎08-04-2007
Re: Why did my score drop??

OP, how did you find out about the CL increase? Did you get the score from the same service as the one that provided the alert to the CLI?

Valued Member
Freakshow77
Posts: 39
Registered: ‎07-17-2012
Re: Why did my score drop??
I got the alert from score watch but like I said there was no balance increase. Everything is paid in full every month. But I also found out my credit councilor was disputing a few things on my report like being improperly coded items. So I'm guessing that's why the drop. Aperantly it hurt me more then it helped.
Moderator Emeritus
llecs
Posts: 32,881
Registered: ‎08-04-2007
Re: Why did my score drop??

SW doesn't alert you to CLIs. That's why I asked. Disputing accounts can lower your FICO in some scenarios.

Valued Member
Freakshow77
Posts: 39
Registered: ‎07-17-2012
Re: Why did my score drop??
Yup. I see that now. Ty llecs