topic 25 point drop in Understanding FICO® Scoring

25 point drop

Bleety17 — Fri, 10 Feb 2017 15:43:25 GMT

Paid a Best Buy bill and the balance went from 791 to 700. Dropped my experian score 25 points! How in the heck?

I have not bought anything with the card recently. Could that be why?

Thanks!

Re: 25 point drop

Anonymous — Fri, 10 Feb 2017 16:20:06 GMT

@Bleety17 wrote:
Paid a Best Buy bill and the balance went from 791 to 700. Dropped my experian score 25 points! How in the heck?

I have not bought anything with the card recently. Could that be why?

Thanks!

Have you had a chance to check your reports for acuracy..??

Re: 25 point drop

Bleety17 — Sat, 11 Feb 2017 02:17:20 GMT

I did. I disputed a Verizon bill from 2013. They were reporting the balance I owed them as a Credit limit. They also reported it as a 90 day late.

(Verizon bill was paid in full in 2013)

TU and EQ are not reporting it with a CL.

EQ just updated with the new best buy balance of $700 and the score didnt change.

Re: 25 point drop

Anonymous — Sat, 11 Feb 2017 05:24:56 GMT

Paying a balance down (but not off) cannot lower your FICO score. Something else is going on that resulted in your score drop, but I can assure you it wasn't paying down your Best Buy balance by $90 if you still owe ~$700 on it.

Re: 25 point drop

Bleety17 — Sat, 11 Feb 2017 16:56:00 GMT

Well I disputed verizon wireless, because of a 90 day late.. it was only showing that way on my experian CR.

All I asked l, was if they could delete the 90 day late. Which looks like it was deleted the other day.

Could they have reported it as a new collection again?