topic Re: FICO 26 Points in Understanding FICO® Scoring

FICO 26 Points

rushingjr — Sun, 23 Jun 2019 04:14:44 GMT

Email from Experian membership says my FICO score increased, so I check and see it increased 3 points...after a 26 point drop 2 weeks ago!!

I had a credit limit and balance increase on my daughter's student loan from $8K to $16K (I'm cosigner) May 8

FICO score decrease 3 points, May 9

FICO score increase 3 points, May 23

FICO score decrease 26 points, June 6

FICO score increase 3 points, June 20

Could the student loan be the problem? How do I fix this?

Re: FICO 26 Points

FireMedic1 — Sun, 23 Jun 2019 16:02:19 GMT

Are you talking about putting your daughters student expenses on a CC? Whats the credit limit? If so. The balance increase passed some thresholds of amount owed. That would explain the dip in scores.

This part is a bit confusing: "I had a credit limit and balance increase on my daughter's student loan from $8K to $16K (I'm cosigner) May 8"

Re: FICO 26 Points

rushingjr — Tue, 20 Aug 2019 02:27:09 GMT

Sorry for the confusion and delay. After looking at what I typed, I'm confused too. My daughter had a PLUS loan that went from $8k to $16k. I was wondering if that increase was the reason for the 26 point dip. If so, parents should have **bleep**ty credit scores for getting PLUS loans for their kids.