Lease Reflecting On CRBs

[CivalV]

Its about to be one month since I signed my lease and I just received a 30 point decrease on EQ due to the lease reporting... WHAT IN THE WORLD. Is this normally? Will I regain the points back? I went from good credit to fair 🥺😭

[blindambition]

Disregard my post. Misread and thought you meant apartment lease... Need more coffee.

You'll gain points as car lease decreases.

[sccredit]

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@blindambition wrote:

I've only known a lease to report derogatory info. Such as unpaid rent, or a broken lease. Never have I seen a active lease report monthly.

Did you subscribe to Experian Boost by chance?

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I've only seen the opposite from Infiniti/Nissan and Toyota. It reports the total of payments as the balance.

OP - it is normal for a score drop when a new account hits and then an increase over the next 6 months.

[blindambition]

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@sccredit wrote:

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@blindambition wrote:

I've only known a lease to report derogatory info. Such as unpaid rent, or a broken lease. Never have I seen a active lease report monthly.

Did you subscribe to Experian Boost by chance?

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I've only seen the opposite from Infiniti/Nissan and Toyota. It reports the total of payments as the balance.

OP - it is normal for a score drop when a new account hits and then an increase over the next 6 months.

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I completely spaced. Misread as apartment lease, not car lease. It's gonna be one of THOSE days!! ☕️ ☕️ ☕️