topic Re: Confused - Equifax Score Dropped in Rebuilding Your Credit

Confused - Equifax Score Dropped

Anonymous — Wed, 29 Aug 2012 23:37:49 GMT

On 7/4/12, my Equifax score was 638. Today I discovered that it dropped to 598. Nothing has changed, other than I paid off an account that was in collections and it is reported with a $0 balance. No inquires. No late payments. No new accounts. I'm so confused. In the same amount of time, my Experian score shot up and I was expecting to see the same from Equifax. Advice? I was hoping to purchase a car in the next month.

Re: Confused - Equifax Score Dropped

Shogun — Thu, 30 Aug 2012 00:23:16 GMT

Was it in dispute before? Nothing else changed in the TL?

Re: Confused - Equifax Score Dropped

Anonymous — Thu, 30 Aug 2012 00:38:08 GMT

No, nothing in dispute. Sorry, I'm not sure what TL means, but nothing changed other than an account was zeroed out. Is there anything I can do at this point?

Re: Confused - Equifax Score Dropped

Anonymous — Thu, 30 Aug 2012 00:52:15 GMT

***Additional information....the 597 score came from my free annual credit report that I pulled tonight. I just now purchased my Equifax score through MyFico again (last time was in July) and the scores is 645. Why the difference? And which score is the one that's pulled by the bank?

Re: Confused - Equifax Score Dropped

bettercreditguy1 — Thu, 30 Aug 2012 01:05:32 GMT

The score provided by Annual Free Credit is NOT a Fico score. It is a generic, aka a FAKO. You may use it as a benchmark to see if you are improving or floating evenly. Financial Institutions will almost always use some form of a FICO Score of which there are 49 different varietys.