Valued Contributor
Posts: 1,107
Registered: ‎02-15-2012
FICO dropped 30 pts! Not sure why...

OK- Scorewatch tells me I have an update.  FICO dropped 30 pts. UGH! Now what?


Although CreditKArma reflected the mortgage inquiry, Scorewatch did not show a new inquiry.  Not sure what could cause THAT BIG of a FICO drop.  My CC balances jump around a bit, but not enough to cause 30 points. Is it possible that it is a scorewatch glitch that could correct itself? 


733 was good for the rates and terms I need on this refi, but 703 is probably not. Now I am scared.  I thought the appraisal was going to be the only possible problem, but now this!


What will happen? Will they use the original FICO, or am I screwed?

Starting Score: 693 TU FICO, 679 EQ FICO
Current Score: FICO 8 = 844(9/15) EQ, 827 TU, 811 EX (7/15); mortgage FICO= 758 (9/15)EQ5, 797 TU4, 748 EX2 (7/15)
Goal Score: 750+, but shooting for the 800's
Hyatt Visa Sig ($23K), Amex BCP (24.8K), BofA Travel Rew Sig (22.5K), B&N World MC (22.3K), Amex RP Gold (NPSL w/ S&T), Cash+ Sig (20K),United Mil+ExpSig (16.3K), FNBO Visa (13.1K), Hilton Surpass (10K), Freedom Visa Sig (8.6K), Disc It (16.4K), Citi Dia Pref MC (3.7K),Sam's MC (10K), Wally (7.5K), JCP(5.3K), Costco (2K)