Score drop

Anonymous — Sat, 29 Oct 2016 21:13:41 GMT

Just got an alert that my score has dropped 22 points as my balance has decreased on one account by $9, on experian the others shows the decrease in amount but not a score drop. Im confused i thought paying down helps not hurt!!!! Please help

Re: Score drop

Anonymous — Sun, 30 Oct 2016 01:22:55 GMT

Did that $9 decrease result in zero balances across all of your revolving accounts?

Re: Score drop

Anonymous — Sun, 30 Oct 2016 01:59:38 GMT

No, im now at 30% overall

Re: Score drop

909 — Sun, 30 Oct 2016 05:57:42 GMT

I believe the the credit status change and the score may be coincidental, not causal, i.e. The balance change may not have driven the change in score. Think of it this way, many factors that affect our score change, e.g. accounts aging, derogs falling off, etc. but myFICO doesn't send alerts regarding them. So, just because they send us an alert and score change at the same time doesn't mean the alert caused the change.

We're not seeing all the information. Which is fine.

Re: Score drop

Stryder — Wed, 02 Nov 2016 10:32:59 GMT

I agree with 909, we all watch our scores like hawks trying to see what fluctions occur with our scores and try to anaylsis what caused them. In reality it is very hard to tie things together back the specific causes. It also has a lot to do with what scores you are watching. My TU Vantage 3 has dropped twice (from 690's to 675)in the past month for no reason I can see, while my Fico 8 TU only dropped from 700 to 696. The others did nothing at the same time. Things do not happen immediatley all the time and things take awhile to show up, you drop may be something from last month. My AMEX card ir reporting on EQ, but has not showed up on TU and EX...got the card on 9/4.

My EX became clean last month (10/19) and shocked me by going up 60pts to 739...that was easy to figure out, but yesterday it went up again (trust me Im not complaining) to 747??? the only thing I can figure or see different is my AAoA went from 2.8 to 2.9. I think more imortantly, my 2 month old car went to 3 and my 1 month old CSP went to 2..payments are showing up, and INQ's aged another month. My guess is, a month means a lot very early, but diminshes quickly as payment history builds with the TL's, but I am...just guessing.

Also, things affect your CR's, depending on the profile they have on you. I have an oldest account showing on TU that is 12.9 yrs old, but it has fallen off off EQ and EX, so that means they all have different AAoA. All my baddies are not gone. I had a collection for $77 from 2008 that I paid off and TU/EX both dropped, EQ hasn't budged. The derog that fell off EX is still on TU and EQ. So that gives me EQ - 2 baddies 652, TU - 1 baddie - 696, and EX - 0 baddies - 747. When my BCE card reported as a new tl last month, one CRA went up 4 pts and EQ went down 6? (to the 652).

Point being, this is a very complex process the way CB's calculate your scores. They don't all work from the same mix of accounts, INQ's, payment reports, ect. and they are completley different companies. So its very hard to tie anything back to anything because your just guessing. They aren't going to tell you what caused what. All you can do, is keep doing the right thing and father time will do the rest. We just have to sit and watch our score roller coaster everyday and thrill in our victories, and agonize in our defeats. i never thought building credit could be so invigorating!

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