topic Re: Cli dropped my score 43 points in Understanding FICO® Scoring

Cli dropped my score 43 points

DanteHicks37 — Thu, 21 Mar 2024 06:29:13 GMT

I know inherently this sounds crazy but the increase legitimately is the only thing that changed and my score went from 808 to 765. The Cli was 12K so it was significant but all that should have done is help my utilization. Any thoughts would be helpful. And before there is a bunch of it couldn't be the CLI, there wasn't any other change.

Re: Cli dropped my score 43 points

GZG — Thu, 21 Mar 2024 06:36:44 GMT

What score dropped, where did you get it?

Re: Cli dropped my score 43 points

pizzadude — Thu, 21 Mar 2024 14:17:48 GMT

Moving to Understanding FICO Scoring

Re: Cli dropped my score 43 points

Horseshoez — Thu, 21 Mar 2024 14:26:09 GMT

@DanteHicks37 wrote:
I know inherently this sounds crazy but the increase legitimately is the only thing that changed and my score went from 808 to 765. The Cli was 12K so it was significant but all that should have done is help my utilization. Any thoughts would be helpful. And before there is a bunch of it couldn't be the CLI, there wasn't any other change.

I agree with @GZG, where are you getting your scores from? I you're using the likes of CreditKarma, NerdWallet, WalletHub, or most of the free scores provided by credit card companies, there is a pretty good bet they're Vantage 3.0 scores which are basically irrelevant.

Re: Cli dropped my score 43 points

Thomas_Thumb — Thu, 21 Mar 2024 15:36:04 GMT

CLIs do not trigger a score drop on VantageScore. A CLI does not cause a score drop with any of the Fico algorithms either.

If you don't know what caused the score drop, that's ok.

Re: Cli dropped my score 43 points

SouthJamaica — Thu, 21 Mar 2024 17:29:20 GMT

@DanteHicks37 wrote:
I know inherently this sounds crazy but the increase legitimately is the only thing that changed and my score went from 808 to 765. The Cli was 12K so it was significant but all that should have done is help my utilization. Any thoughts would be helpful. And before there is a bunch of it couldn't be the CLI, there wasn't any other change.

The CLI did not cause the score drop. Something else caused it.

In order to know what caused the score drop, you would need to know what date the score change occurred, and you would need to see your report from the day of the score drop and your report from the day before the score drop.

Re: Cli dropped my score 43 points

DanteHicks37 — Thu, 21 Mar 2024 18:29:01 GMT

While I do use a number of resources, this came from Transunion directly which does use Vantagescore

Re: Cli dropped my score 43 points

DanteHicks37 — Thu, 21 Mar 2024 18:29:41 GMT

Directly from Transunion which does use Vantage

Re: Cli dropped my score 43 points

pizzadude — Thu, 21 Mar 2024 18:46:23 GMT

@DanteHicks37 wrote:
Directly from Transunion which does use Vantage

I wouldn't waste any time trying to understand Vantage score drops, it's not widely used and can change frequently.

Re: Cli dropped my score 43 points

DanteHicks37 — Thu, 21 Mar 2024 18:48:44 GMT

The only change was the CLI from the day before. Score went 808 to 765.

Re: Cli dropped my score 43 points

SouthJamaica — Thu, 21 Mar 2024 19:03:56 GMT

@DanteHicks37 wrote:
The only change was the CLI from the day before. Score went 808 to 765.

As @Thomas_Thumb already pointed out, even a Vantage score would not drop from a credit limit increase.

But if you want to believe that is what caused the drop, go ahead.

When you find out that was not the case, please revisit this thread and let us know what did cause the score drop.

Re: Cli dropped my score 43 points

DanteHicks37 — Thu, 21 Mar 2024 19:10:44 GMT

Again, I inherently know that shouldn't be the case but I watch all details daily and it is the only change. I have been in recovery mode for the past few years and while the difference in score wouldn't affect my ability to get the best rates, it still does not make any sense.

Re: Cli dropped my score 43 points

Horseshoez — Thu, 21 Mar 2024 19:23:23 GMT

@DanteHicks37 wrote:
Again, I inherently know that shouldn't be the case but I watch all details daily and it is the only change. I have been in recovery mode for the past few years and while the difference in score wouldn't affect my ability to get the best rates, it still does not make any sense.

Just keep in mind, all Vantage 3.0 scores are utterly irrelevant when it comes to rates; if you are really concerned, you'll need to obtain your FICO scores.

Re: Cli dropped my score 43 points

GZG — Thu, 21 Mar 2024 21:51:17 GMT

I'm not even convinced the people who made vantage 3.0 will be able to tell you why a vantage 3.0 credit score went up or down.

it is an entirely useless credit score and you should avail yourself of the many sources where a free FICO score can be provided so you can see how credit changes impact FICO scores instead.

Re: Cli dropped my score 43 points

CorpCrMgr1 — Thu, 21 Mar 2024 21:53:18 GMT

@DanteHicks37 was a reason given on the site your score drop was given? It does seem that lately CS are being a bit strange.

Re: Cli dropped my score 43 points

DanteHicks37 — Thu, 21 Mar 2024 22:06:39 GMT

I am waiting for my Bank of America to refresh but my Equifax Fico 8 is still 807 but Credit Karma shows 775.

Any others thay report Transunion Fico scores?

Re: Cli dropped my score 43 points

FicoMike0 — Fri, 22 Mar 2024 01:15:43 GMT

Could there have been a hard pull for the cli?

Re: Cli dropped my score 43 points

Horseshoez — Fri, 22 Mar 2024 01:20:39 GMT

@FicoMike0 wrote:
Could there have been a hard pull for the cli?

If I recall correctly, it has been established the 43 point drop was a Vantage score, and as such, not a real drop. Said another way, a drop in a Vantage score is about as real as a mirage (and no, I'm not talking about the French jet).

Re: Cli dropped my score 43 points

DanteHicks37 — Fri, 22 Mar 2024 01:24:18 GMT

There was no hard pull. Stil don't understand even in the Vantage model why it would have such a large effect bit it did

Re: Cli dropped my score 43 points

Horseshoez — Fri, 22 Mar 2024 01:37:57 GMT

@DanteHicks37, given how irrelevant Vantage scores are, most folks doing the deep dive into the scoring models spend a moment or two trying to decide where to invest there energy, and when the consider Vantage the say, "Nah! FICO." Said another way, there really isn't a whole lot known about Vantage, and for good reason, it is ignored by lenders. This is a gentle way of saying, "Why do you care?"

Now, if your FICO scores dropped by a similar amount, T-H-E-N you should care.