topic Re: CC Closed in Understanding FICO® Scoring

CC Closed

Anonymous — Mon, 30 Oct 2017 16:12:22 GMT

So I closed a card (Credit One) a little while back and my reports just updated. Experian showed a raise of 5 points and Equifax shows a decrese of 4 points.

I don't understand how it helps on one report but hurts on another?

Re: CC Closed

Anonymous — Mon, 30 Oct 2017 16:23:11 GMT

Closing that account didn't raise your scores. Your scores went up for a variety of other reasons, such as AAoA growing, or maybe inquiries being scored less because of aging. Or a variety of other reasons.

Re: CC Closed

Anonymous — Mon, 30 Oct 2017 18:56:13 GMT

@Anonymous wrote:
So I closed a card (Credit One) a little while back and my reports just updated. Experian showed a raise of 5 points and Equifax shows a decrese of 4 points.

I don't understand how it helps on one report but hurts on another?

Before you closed it, did your last report show it with a balance? If so, I can imagine a scenario where closing it helped one bureau and hurt another.

It's also certainly possible (as ABCD says) that the closure triggered an alert, but the score changes had already happened a week before with out you finding out about them. You are only finding out about them now.