Established Member
Pickle027
Posts: 32
Registered: ‎07-17-2012
HUGE difference in scores...why?

I attempted to refinance my home only to be told my credit was too low. My FICO is 683, but my other two scores are 598 and 594. I was shocked! I looked at the reports and the only difference is two of the reports shows a paid collection on the account. It was for an old $180 cell phone bill. Would that account for a differnece of over 90 points? 

Valued Contributor
beb86
Posts: 1,115
Registered: ‎10-31-2011
Re: HUGE difference in scores...why?

Pickle027 wrote:

I attempted to refinance my home only to be told my credit was too low. My FICO is 683, but my other two scores are 598 and 594. I was shocked! I looked at the reports and the only difference is two of the reports shows a paid collection on the account. It was for an old $180 cell phone bill. Would that account for a differnece of over 90 points? 


Yes it most definitely can affect your scores by that much...also the FICO scoring model can also vary which can change your scores.

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