topic Re: Score decrease in Understanding FICO® Scoring

Score decrease

Lava791 — Mon, 11 Jan 2016 20:45:17 GMT

I changed my addresss and my score decreased by 26 pts. Score went from 626 to 600 on experian. I'm sure TU and Ex will to. Why did it?

Re: Score decrease

Anonymous — Mon, 11 Jan 2016 20:47:35 GMT

That happened to me as well. So upset.

Re: Score decrease

Hokies2379 — Mon, 11 Jan 2016 21:08:26 GMT

Something else changed. Your score did not decrease because of an address change.

Re: Score decrease

azguy13 — Mon, 11 Jan 2016 21:13:43 GMT

Scores do not decrease because of a change of address. You probably made the change arounf the same time as a statement cut with a higher balance or you were rebucketted.

But, I know for a fact that it was not due to a change of address.

Re: Score decrease

Lava791 — Mon, 11 Jan 2016 21:49:49 GMT

That's what the alert says

Re: Score decrease

azguy13 — Mon, 11 Jan 2016 22:04:42 GMT

@Lava791 wrote:
That's what the alert says

Please post a screenshot of the alert.

Re: Score decrease

Hokies2379 — Mon, 11 Jan 2016 22:07:01 GMT

@Lava791 wrote:
That's what the alert says

I have an alert that says I went up 27 points because I had an inquiry. Doesn't make it true.

Use common sense on this one. Why in the world would a score decrease because of an address?....it wouldn't.

Re: Score decrease

rebuildingincb — Mon, 11 Jan 2016 22:08:36 GMT

@Hokies2379 wrote:
@Lava791 wrote:
That's what the alert says
I have an alert that says I went up 27 points because I had an inquiry. Doesn't make it true.

Use common sense on this one. Why in the world would a score decrease because of an address?....it wouldn't.

Yep, I went up today on an alert that on of my accounts increased in amount owed. It's like wall street, watch the long runs, not the short ones....

Re: Score decrease

azguy13 — Mon, 11 Jan 2016 22:22:10 GMT

@Hokies2379 wrote:
@Lava791 wrote:
That's what the alert says
I have an alert that says I went up 27 points because I had an inquiry. Doesn't make it true.

Use common sense on this one. Why in the world would a score decrease because of an address?....it wouldn't.

While I agree with what you say, keep in mind that OP is new to the forum and quite possibly new to credit overall. I remember what I thought I "knew" about credit when I first joined myFico and I was quickly proven wrong.

An address change on a CR generally updates when something else changes on a report such as a new TL, new statement cut, etc. The last time my address changed was when I changed it via online banking. It was reported when my statement had cut and in that situation, I mistakingly let a high balance report which dropped my score a few points.

Or, it could have updated via an app for new credit and the TL just hit OP's report. It could be a number of things.

Re: Score decrease

Hokies2379 — Mon, 11 Jan 2016 22:30:21 GMT

@azguy13 wrote:
@Hokies2379 wrote:
@Lava791 wrote:
That's what the alert says
I have an alert that says I went up 27 points because I had an inquiry. Doesn't make it true.

Use common sense on this one. Why in the world would a score decrease because of an address?....it wouldn't.
While I agree with what you say, keep in mind that OP is new to the forum and quite possibly new to credit overall. I remember what I thought I "knew" about credit when I first joined myFico and I was quickly proven wrong.

An address change on a CR generally updates when something else changes on a report such as a new TL, new statement cut, etc. The last time my address changed was when I changed it via online banking. It was reported when my statement had cut and in that situation, I mistakingly let a high balance report which dropped my score a few points.

Or, it could have updated via an app for new credit and the TL just hit OP's report. It could be a number of things.

Eh....I wouldn't think .....nah, nevermind. I'm going to go beat my head against a wall instead.

Re: Score decrease

Anonymous — Tue, 12 Jan 2016 05:53:18 GMT

I was similarly confused by my updates at first, when decreasing utilizat ion could show as a score decrease and an inquiry, a score increase. I am much more in tune with my credit changes now and realize that it's just a coincidence and that the change and alert trigger are not related.