topic Equifax 17 point score drop in Understanding FICO® Scoring

Equifax 17 point score drop

resilient — Tue, 03 Sep 2013 23:42:13 GMT

hey all,

If you guys remember from way back when I started with the forums, my credit report was clean except for two student loans that were 60 days late from 2008, when I was in military training. They were opened in 2000. I was never able to get it removed, goodwilled Dep of Ed and no go. I've been trying for the past three years. Well, Equifax finally deleted them, and I expected my score to go up since my report had no more negative accounts. Well, it went down 17 points. Should it have been that much? All of my other credit cards are in good standing, 8% util spread over my $134.9k credit lines, I'm dumbfounded.....

Re: Equifax 17 point score drop

SunriseEarth — Tue, 03 Sep 2013 23:59:50 GMT

I know my student loans report as 7 accounts and they're really bolstering my AAofA. So I'm guessing having fewer accounts and a shortened AAofA might have caused the drop. Of course, it looks like you have a good number of revolving accounts without those, so who knows?

Re: Equifax 17 point score drop

resilient — Wed, 04 Sep 2013 00:11:21 GMT

Yea, beats me. I had 15 student loans, now it is 13. And to top it off, these loans were closed/transferred from the Dept of Ed to Mohela late last year. So they were closed with a $0 balance, at least 11 years of good history. I'm lost.....

Re: Equifax 17 point score drop

pizzadude — Wed, 04 Sep 2013 04:33:53 GMT

Moving to understanding FICO scoring