Re: HUGE difference in scores...why?

Pickle027 · ‎07-17-2012

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?

beb86 · ‎10-31-2011

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.