topic Re: Can Experian Boost Lower the Fico 2 score? in Understanding FICO® Scoring

Can Experian Boost Lower the Fico 2 score?

Ijbennett2 — Thu, 07 Mar 2024 23:21:53 GMT

I don't know what else could have lowered it at this point.

Re: Can Experian Boost Lower the Fico 2 score?

CorpCrMgr1 — Thu, 07 Mar 2024 23:44:23 GMT

I know from first hand experience it can lower FICO 8. A couple of years ago I added a couple of previous non reporting items and my score immediately dropped several points. I quickly removed the additions.

Re: Can Experian Boost Lower the Fico 2 score?

CorpCrMgr1 — Thu, 14 Mar 2024 13:18:49 GMT

I know I've never been late on my utilities, yet my score dropped a few points. The utilities had been in my name for the then dozen plus years since I bought my house.

Re: Can Experian Boost Lower the Fico 2 score?

nytokyobred79 — Thu, 14 Mar 2024 13:49:40 GMT

Yes, it can drop your score just as @CorpCrMgr1 says. I also used it for my Netflix and maybe another account a few years back and realized that it was the cause of my score drop. At first, I gained 10-12 points but then over time it began to supress my score. I can't remember exactly what causes the algorithm to drop scores but I think it's how the payments are reported. Someone else may be able to elaborate further.