topic Re: Paid off loan &amp; Equifax score went down 22 points, why? in Understanding FICO® Scoring https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Paid-off-loan-amp-Equifax-score-went-down-22-points-why/m-p/3855874#M90649 <P>Welcome to the forums.</P><P>&nbsp;</P><P>So much more information is needed.</P><P>What are your current scores from MyFICO?</P><P>What was the history of credit bureau changes over the last month?</P><P>Do you have any derogs/baddies/charge offs, lates of any kind, disputes of any kind, BK&nbsp;in your credit file?</P><P>What is the age of your cards? How many cards? Credit limits? Open amounts?</P><P>How many INQ do you have on your file? How many relate to the last 6 months? Do you have any new CC opened recently?</P> Thu, 12 Mar 2015 02:15:59 GMT NRB525 2015-03-12T02:15:59Z Paid off loan & Equifax score went down 22 points, why? https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Paid-off-loan-amp-Equifax-score-went-down-22-points-why/m-p/3855563#M90643 <P>Hi all, any idea why that would be?</P><P>&nbsp;</P><P>The description on the credit report entry tied to the decrease reads as follows:&nbsp;</P><P>&nbsp;</P><UL><LI>DESCRIPTION</LI><LI><SPAN class="capIt ng-binding">Unsecured</SPAN><SPAN class="ng-scope ng-binding"> Closed or paid account / zero balance Unsecured</SPAN></LI></UL> Wed, 11 Mar 2015 23:55:44 GMT https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Paid-off-loan-amp-Equifax-score-went-down-22-points-why/m-p/3855563#M90643 Anonymous 2015-03-11T23:55:44Z Re: Paid off loan & Equifax score went down 22 points, why? https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Paid-off-loan-amp-Equifax-score-went-down-22-points-why/m-p/3855874#M90649 <P>Welcome to the forums.</P><P>&nbsp;</P><P>So much more information is needed.</P><P>What are your current scores from MyFICO?</P><P>What was the history of credit bureau changes over the last month?</P><P>Do you have any derogs/baddies/charge offs, lates of any kind, disputes of any kind, BK&nbsp;in your credit file?</P><P>What is the age of your cards? How many cards? Credit limits? Open amounts?</P><P>How many INQ do you have on your file? How many relate to the last 6 months? Do you have any new CC opened recently?</P> Thu, 12 Mar 2015 02:15:59 GMT https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Paid-off-loan-amp-Equifax-score-went-down-22-points-why/m-p/3855874#M90649 NRB525 2015-03-12T02:15:59Z