topic Re: UPDATE: Now I know WHY: TU 37pt | EX 59 pt | EQ 46 pt increase (all FICO8) in Rebuilding Your Credit

UPDATE: Now I know WHY: TU 37pt | EX 59 pt | EQ 46 pt increase (all FICO8)

2b2rich — Mon, 08 Jun 2015 22:23:47 GMT

I totally understand that the score can fluctuate with no rhymn or reason by as much as 5-10pts, but 46?

I have combed over my last 2 EQ reports (middle of May and a few days ago) and there is just no difference at all. Nothing has dropped off (ex no lates or inquiries or baddies) and no new credit reported. I did pay off my CCs, but they haven't even ran billing yet so I know thats not even sitting out there anywhere.

I mean, I'm real happy, but just would like to know what triggered it so I can do it again

Just weird... a really kind of happy weird though

Re: 46 pt increase on EQ (FICO8) with no change what so ever??

Anonymous — Thu, 04 Jun 2015 00:17:44 GMT

That's a head scratcher!

You mentioned you paid off your credit card. Is that card(s) a Chase card? Chase updates to the CRAs once you've paid off an account without having to wait for an statement to cut.

Anyways, huge congrats on the awesome point jump!

Re: 46 pt increase on EQ (FICO8) with no change what so ever??

2b2rich — Thu, 04 Jun 2015 00:37:34 GMT

Thank you! (and nope, they're both Cap1 cards). One already had a zero balance on the last report and the other was only 30% uti and score only dropped about 10 pts when that hit last month, so I'm sure paying that off wouldn't trigger an increase this big anyway. I hope it's not a mistake in the fico scoring model that will catch up and drop by that much again :/

The simulator is now working again for me and when I first opened it, I clicked on the 'what would happen if you took out a mortgage" and didn't get a chanced to put anything in for an amount, it was defaulted to $3,000,000 and showed that my score would not change at all!! haha, that's priceless!

Re: UPDATE to include EX 59 pt JUMP! 46 pt increase on EQ (FICO8) with no change what so ever??

2b2rich — Thu, 04 Jun 2015 16:29:55 GMT

This is CRAZY!!! I logged in to pull my free Experian report that comes with my subscription there and my EX score (they use FICO scores now for those who haven't heard yet), and it jumped 56 pts!!! NO REASON for it... NOTHING HAS CHANGED on that report either!

what the heck could be going on for jumps this high with no triggers noted?!

Re: UPDATE to include EX 59 pt JUMP! 46 pt increase on EQ (FICO8) with no change what so ever??

Anonymous — Thu, 04 Jun 2015 16:37:51 GMT

do you have a bunch of lates that just hit the 2 year mark? Thats still a large jump though.

Re: UPDATE to include EX 59 pt JUMP! 46 pt increase on EQ (FICO8) with no change what so ever??

2b2rich — Thu, 04 Jun 2015 16:48:53 GMT

@Anonymous wrote:
do you have a bunch of lates that just hit the 2 year mark? Thats still a large jump though.

No effect from any lates dropping off either. I'm baffled. I have the 3 bureau score monitoring through MyFICO so I"m waiting to see if TU FICO changes also. So weird, but what ever it is, I'm guessing it's a common factor of the 3 (at least I know it is with EQ & EX for now).

Re: UPDATE to include EX 59 pt JUMP! 46 pt increase on EQ (FICO8) with no change what so ever??

Anonymous — Thu, 04 Jun 2015 17:18:09 GMT

@2b2rich wrote:
I totally understand that the score can fluctuate with no rhymn or reason by as much as 5-10pts, but 46?
I have combed over my last 2 EQ reports (middle of May and a few days ago) and there is just no difference at all. Nothing has dropped off (ex no lates or inquiries or baddies) and no new credit reported. I did pay off my CCs, but they haven't even ran billing yet so I know thats not even sitting out there anywhere.

I mean, I'm real happy, but just would like to know what triggered it so I can do it again

Just weird... a really kind of happy weird though

My first assumption would be that you have some derogs as well as some positive accounts that have all aged past 24 months. You generally get a nice upward bump when you get 24 months of "clean" payment history behind you, and revolving accounts become "mature" at 24 months. Both of those in combination could easily be responsible for such a big rise.

Re: UPDATE to include EX 59 pt JUMP! 46 pt increase on EQ (FICO8) with no change what so ever??

2b2rich — Thu, 04 Jun 2015 19:36:51 GMT

And I've received the notification that TU has increased by 37pts!!

All 3 of them were score changes, period. Nothing about why, and no other notifications within the past 10 days that could have triggered it.

It's weird, ALL of my good tradelines are less than a year old. I have 2 student loans that will drop off in March, both paid in full but did have lates on them up until pay off a couple of months ago, so it can't be old lates dropping off. Can't be new tradelines hitting 24 months (not even 1 year. The oldest was opened August 2014, but I do have a credit card that is about 10 years old that was paid and closed almost 10 years ago so it's about to drop off and can't see it giving me any kind of bump now.

I know I should just be happy and I am, but if I understood 'why' this is happening, it might help others?? It can't be a MyFico error because I checked my Experian report (on the Experian website) and it showed an increase so it has to be the individual CRAs updating, right?

Re: UPDATE to include EX 59 pt JUMP! 46 pt increase on EQ (FICO8) with no change what so ever??

Anonymous — Thu, 04 Jun 2015 20:06:46 GMT

@2b2rich wrote:
And I've received the notification that TU has increased by 37pts!!

All 3 of them were score changes, period. Nothing about why, and no other notifications within the past 10 days that could have triggered it.

It's weird, ALL of my good tradelines are less than a year old. I have 2 student loans that will drop off in March, both paid in full but did have lates on them up until pay off a couple of months ago, so it can't be old lates dropping off. Can't be new tradelines hitting 24 months (not even 1 year. The oldest was opened August 2014, but I do have a credit card that is about 10 years old that was paid and closed almost 10 years ago so it's about to drop off and can't see it giving me any kind of bump now.

I know I should just be happy and I am, but if I understood 'why' this is happening, it might help others?? It can't be a MyFico error because I checked my Experian report (on the Experian website) and it showed an increase so it has to be the individual CRAs updating, right?

Not referring to lates dropping off. Did you have any lates from 5/13?

Re: UPDATE to include EX 59 pt JUMP! 46 pt increase on EQ (FICO8) with no change what so ever??

2b2rich — Thu, 04 Jun 2015 20:49:35 GMT

@Anonymous wrote:

Not referring to lates dropping off. Did you have any lates from 5/13?

oh, ok. That's what went through my mind when I read your post, but you actually said derogs that aged past 24 months.. my bad

Yes, there are 2 accounts (one SL that was broken up, I guess to separate the subsidized and unsubsidized) that have been reporting lates every month for years because I could never catch them up and could only pay the usual monthly payment each month. They are finally a zero balance since February and in a way it's kind of a good thing because they will both drop off around March I'm told by the loan servicer. The lates were continuous through this past February.

So, any lates that matured to 24 months, would surely not help that much because they were replaced each month with new ones, right?

As for positive tradelines, aside from the one that was closed almost 10 years ago, I have the one that was opened August 2015 that is nearing 12 months, 2 new auto loans taken out this past March, and another credit card that started reporting early May (I do have a new credit card that hasn't began reporting yet).

I have a lot of hard pulls on all of my reports, EQ counts them all together as 6 (there is about 16, but 12 of them were during a 2 week period for auto shopping), and I believe EX and TU count them all individually, at least they show the number as 16.

I REALLY would like to know what it is because if it is something that can easily push my scores up, if I undo it unknowingly, I will surely see them drop by about that much too. It's the not knowing that bothers me

Re: UPDATE to include EX 59 pt JUMP! 46 pt increase on EQ (FICO8) with no change what so ever??

Anonymous — Thu, 04 Jun 2015 21:03:00 GMT

Does having your negative items hitting the 2 year mark mean anything signficant to the score?

Re: UPDATE to include EX 59 pt JUMP! 46 pt increase on EQ (FICO8) with no change what so ever??

Anonymous — Thu, 04 Jun 2015 21:05:40 GMT

Well at any rate it's a nice bump! It sounds like it can't really be attributed to any one thing, it would seem to just be your overall history aging.

Re: UPDATE to include EX 59 pt JUMP! 46 pt increase on EQ (FICO8) with no change what so ever??

Anonymous — Thu, 04 Jun 2015 21:08:22 GMT

Two years seems to be a common milestone for derogs and positives. In particular 30 day lates seem to lose almost all of their scoring impact at 24 months.

Re: UPDATE to include EX 59 pt JUMP! 46 pt increase on EQ (FICO8) with no change what so ever??

2b2rich — Thu, 04 Jun 2015 21:15:52 GMT

@Anonymous wrote:
Two years seems to be a common milestone for derogs and positives. In particular 30 day lates seem to lose almost all of their scoring impact at 24 months.

That's good stuff to know, thanks!

Re: UPDATE: Now I know WHY: TU 37pt | EX 59 pt | EQ 46 pt increase (all FICO8)

2b2rich — Mon, 08 Jun 2015 22:27:24 GMT

Now I know why (I think) my scores increased so much. The only thing that happen within a day or so before was that one of the new auto loans updated on all three reports. Still, I'm surprised it jumped so much, it was only the second update on that loan. Unless it's because my score was already suffering due to the absence of any auto loan history 3 months before, and now I have TWO.

could that be it?

Re: UPDATE: Now I know WHY: TU 37pt | EX 59 pt | EQ 46 pt increase (all FICO8)

Anonymous — Mon, 08 Jun 2015 22:51:25 GMT

@2b2rich wrote:
Now I know why (I think) my scores increased so much. The only thing that happen within a day or so before was that one of the new auto loans updated on all three reports. Still, I'm surprised it jumped so much, it was only the second update on that loan. Unless it's because my score was already suffering due to the absence of any auto loan history 3 months before, and now I have TWO.

could that be it?
Seems reasonable.

Seems resonable.

topic Re: **UPDATE: Now I know WHY: TU 37pt | EX 59 pt | EQ 46 pt increase (all FICO8) ** in Rebuilding Your Credit

**UPDATE: Now I know WHY: TU 37pt | EX 59 pt | EQ 46 pt increase (all FICO8) **

Re: 46 pt increase on EQ (FICO8) with no change what so ever??

Re: 46 pt increase on EQ (FICO8) with no change what so ever??

Re: **UPDATE to include EX 59 pt JUMP!** 46 pt increase on EQ (FICO8) with no change what so ever??

Re: **UPDATE to include EX 59 pt JUMP!** 46 pt increase on EQ (FICO8) with no change what so ever??

Re: **UPDATE to include EX 59 pt JUMP!** 46 pt increase on EQ (FICO8) with no change what so ever??

Re: **UPDATE to include EX 59 pt JUMP!** 46 pt increase on EQ (FICO8) with no change what so ever??

Re: **UPDATE to include EX 59 pt JUMP!** 46 pt increase on EQ (FICO8) with no change what so ever??

Re: **UPDATE to include EX 59 pt JUMP!** 46 pt increase on EQ (FICO8) with no change what so ever??

Re: **UPDATE to include EX 59 pt JUMP!** 46 pt increase on EQ (FICO8) with no change what so ever??

Re: **UPDATE to include EX 59 pt JUMP!** 46 pt increase on EQ (FICO8) with no change what so ever??

Re: **UPDATE to include EX 59 pt JUMP!** 46 pt increase on EQ (FICO8) with no change what so ever??

Re: **UPDATE to include EX 59 pt JUMP!** 46 pt increase on EQ (FICO8) with no change what so ever??

Re: **UPDATE to include EX 59 pt JUMP!** 46 pt increase on EQ (FICO8) with no change what so ever??

Re: **UPDATE: Now I know WHY: TU 37pt | EX 59 pt | EQ 46 pt increase (all FICO8) **

Re: **UPDATE: Now I know WHY: TU 37pt | EX 59 pt | EQ 46 pt increase (all FICO8) **

topic Re: UPDATE: Now I know WHY: TU 37pt | EX 59 pt | EQ 46 pt increase (all FICO8) in Rebuilding Your Credit

UPDATE: Now I know WHY: TU 37pt | EX 59 pt | EQ 46 pt increase (all FICO8)

Re: UPDATE to include EX 59 pt JUMP! 46 pt increase on EQ (FICO8) with no change what so ever??

Re: UPDATE to include EX 59 pt JUMP! 46 pt increase on EQ (FICO8) with no change what so ever??

Re: UPDATE to include EX 59 pt JUMP! 46 pt increase on EQ (FICO8) with no change what so ever??

Re: UPDATE to include EX 59 pt JUMP! 46 pt increase on EQ (FICO8) with no change what so ever??

Re: UPDATE to include EX 59 pt JUMP! 46 pt increase on EQ (FICO8) with no change what so ever??

Re: UPDATE to include EX 59 pt JUMP! 46 pt increase on EQ (FICO8) with no change what so ever??

Re: UPDATE to include EX 59 pt JUMP! 46 pt increase on EQ (FICO8) with no change what so ever??

Re: UPDATE to include EX 59 pt JUMP! 46 pt increase on EQ (FICO8) with no change what so ever??

Re: UPDATE to include EX 59 pt JUMP! 46 pt increase on EQ (FICO8) with no change what so ever??

Re: UPDATE to include EX 59 pt JUMP! 46 pt increase on EQ (FICO8) with no change what so ever??

Re: UPDATE to include EX 59 pt JUMP! 46 pt increase on EQ (FICO8) with no change what so ever??

Re: UPDATE: Now I know WHY: TU 37pt | EX 59 pt | EQ 46 pt increase (all FICO8)

Re: UPDATE: Now I know WHY: TU 37pt | EX 59 pt | EQ 46 pt increase (all FICO8)