topic Re: Score Drop Experian in Understanding FICO® Scoring

Score Drop Experian

zerbherb — Mon, 23 Feb 2015 17:44:59 GMT

i left 200$ on my bill it dropped on the 19th. I paid it off the next day and i dropped 15 points on experian. I am generally confused I am doing everything right what else can they possibly want.

Re: Score Drop Experian

gdale6 — Mon, 23 Feb 2015 21:20:38 GMT

@zerbherb wrote:
i left 200$ on my bill it dropped on the 19th. I paid it off the next day and i dropped 15 points on experian. I am generally confused I am doing everything right what else can they possibly want.

I would look elsewhere for the cause but really I would not even worry about +- 20 pt moves in Fico, its going to fluctuate all the time.

Re: Score Drop Experian

tonyjones — Mon, 23 Feb 2015 22:35:42 GMT

I assume your balance on your CR was updated to 0 which FICO does not like.

Re: Score Drop Experian

racer-x — Mon, 23 Feb 2015 22:38:25 GMT

@gdale6 wrote:
@zerbherb wrote:
i left 200$ on my bill it dropped on the 19th. I paid it off the next day and i dropped 15 points on experian. I am generally confused I am doing everything right what else can they possibly want.
I would look elsewhere for the cause but really I would not even worry about +- 20 pt moves in Fico, its going to fluctuate all the time.

In the words of Hillary " At this point, why does it matter?" lol

Re: Score Drop Experian

zerbherb — Tue, 24 Feb 2015 01:16:18 GMT

so a 15 point drop doesn't matter is your explanation. got it.

Re: Score Drop Experian

zerbherb — Tue, 24 Feb 2015 01:21:04 GMT

so one of the things it says is some accounts are not in good status. So that must mean my autherized card because i have paid of my discover in full the past 2 months.

Re: Score Drop Experian

gdale6 — Tue, 24 Feb 2015 01:29:03 GMT

@zerbherb wrote:
so one of the things it says is some accounts are not in good status. So that must mean my autherized card because i have paid of my discover in full the past 2 months.

Is the AU card reporting late payments or a high balance reporting?

Re: Score Drop Experian

racer-x — Tue, 24 Feb 2015 01:40:00 GMT

@zerbherb wrote:
so a 15 point drop doesn't matter is your explanation. got it.

It's an inside joke. Sorry 'bout that.

With the flurry of these 'score drop' threads (hell, think i have a few out there), all you hear is, 'something else must have changed, things you cannot see or control' etc etc,, and after those explanations are given, you'll get the ' you shouldn't worry abouut your score so much....scores are dynamic....always changing....as long as it's within 20 pts you're fine." I just wanna hear a new/fresh explanation for all these crazy score drops. As I've stated a 100 times....I recently paid off $20k in debt and gained 30 pts across all 3 bureaus.... a week later, I had a balance increase of $44 on a single account and lost 6 pts...so I basically netted 24 pts after paying off $19,956.00.

Truth is, nobody really knows. The best and only advice that really can stand the test of time is, pay your bills on time, don't incur a ton of debt and the rest will take care of itself.

Re: Score Drop Experian

zerbherb — Tue, 24 Feb 2015 23:11:03 GMT

if 600 out of a 2300 limit is considered high then yes.

Re: Score Drop Experian

gdale6 — Wed, 25 Feb 2015 03:35:53 GMT

@zerbherb wrote:
if 600 out of a 2300 limit is considered high then yes.

Its below 30% so thats okay though you want to have your card(s) report less to cover for the AU balance.