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Is it normal to see a score drop when an auto loan tl reports? I just dropped 48 points on EQ and 35 on TU not sure about EX yet. This seems drastic to me. When can I expect to see my scores go back up.
Its normal, plenty of other members have reported the same thing. However, I don't know when you can expect the scores to recover. I'll let someone else chime in on that.
Sorry for the duplicate thread. I do see now another similar thread. I finally got both of my scores into the 700 range and now back to the low 600's I have no other choice, but to garden now.
@Anonymous wrote:Is it normal to see a score drop when an auto loan tl reports? I just dropped 48 points on EQ and 35 on TU not sure about EX yet. This seems drastic to me. When can I expect to see my scores go back up.
I just went through the same thing this week. My EX dropped 27 points and TU dropped 3 points. Apparently, it's normal for your scores to drop a fair amount. I think I remember reading that some have dropped a good 80 points so we should count ourselves lucky.
I had a 16k loan report a payoff and a $44k loan report as new this week.
EQ dropped 4 points.
EX gained 6 points.
No word yet from TU.
This is my 3rd auto loan in 10 years... EQ enhanced was 707 at purchase.