Can you do TOO many positive things to your credit?

[Anonymous]

Super excited bc my only collection from a water bill that wasn't paid after I graduated college has FINALLY fallen off my credit report. Instant 22 points on my Equifax. I always pay my balances off every month on all of my credit cards except one that I bought 7th row Madison Square Garden Hootie and the Blowfish Tickets on (obvi I'm excited) and has zero interest until November 2019. Still paying it off a little at a time but the only difference about this month from other months is I've actually paid attention to when my credit cards report. I only use them for cash back and sign on bonuses but I've paid them off according to their pay date and not the statement reporting date so I guess I've been screwing myself. This month I was going to do the zero except 1 method and expected a huge increase because of the collection drop off. I've been checking CreditKarma (unreliable I know) and Credit Sesame for any updates. My CreditKarma Equifax dropped 137 points from 4 changes...ALL POSITIVE. 

Discover Bank balance decreased by $2267 (the card that still has a balance on it) 

Acceptance Now balance decreased by $195 (furniture loan)

GM Financial balance decreased by $600 (car lease)

ONLINE SVCS (water bill from 2012) collection removed

**bleep**...my zero balance cards haven't even reported yet and my Equifax score dropped 137 points per creditkarma from 4 positive actions?

Did I do too much all at once? MyFico hasn't reported squat yet other than the collection falling off of Equifax, not sure when Transunion and Experian will show its been removed. Transunion is showing my furniture loan has been paid down by $195 with zero increase to my score per MyFico. 

Why the EFF would positive activity make your credit score drop...BY 137 POINTS?!?!?!!?

[SouthJamaica]

---

@Anonymous wrote:

Super excited bc my only collection from a water bill that wasn't paid after I graduated college has FINALLY fallen off my credit report. Instant 22 points on my Equifax. I always pay my balances off every month on all of my credit cards except one that I bought 7th row Madison Square Garden Hootie and the Blowfish Tickets on (obvi I'm excited) and has zero interest until November 2019. Still paying it off a little at a time but the only difference about this month from other months is I've actually paid attention to when my credit cards report. I only use them for cash back and sign on bonuses but I've paid them off according to their pay date and not the statement reporting date so I guess I've been screwing myself. This month I was going to do the zero except 1 method and expected a huge increase because of the collection drop off. I've been checking CreditKarma (unreliable I know) and Credit Sesame for any updates. My CreditKarma Equifax dropped 137 points from 4 changes...ALL POSITIVE. 

Discover Bank balance decreased by $2267 (the card that still has a balance on it) 

Acceptance Now balance decreased by $195 (furniture loan)

GM Financial balance decreased by $600 (car lease)

ONLINE SVCS (water bill from 2012) collection removed

**bleep**...my zero balance cards haven't even reported yet and my Equifax score dropped 137 points per creditkarma from 4 positive actions?

Did I do too much all at once? MyFico hasn't reported squat yet other than the collection falling off of Equifax, not sure when Transunion and Experian will show its been removed. Transunion is showing my furniture loan has been paid down by $195 with zero increase to my score per MyFico. 

Why the EFF would positive activity make your credit score drop...BY 137 POINTS?!?!?!!?

---

1. Your Vantage 3.0 scores, which are the only scores mentioned, are meaningless, so stop looking at them They're giving you the wrong idea. Credit Karma and Credit Sesame are the same; they both give you meaningless Vantage 3.0 scores.

2. In response to your question, no there's no way to do too many positive things.

3. Sorry, but I'm not seeing what you think is so great about what you've done.

-Removing a collection is good.

-Having zero balances report on all revolving accounts except one is good, but I don't see that you've done that.

-Maintaining a balance is bad; the fact that it has zero percent interest  is as meaningless to your FICO score as the fact that it relates to Hootie and the Blowfish.

-Paying accounts off on their due dates is not having zero balances; zero balances means paying them off before the statement even cuts.

-Acceptance Now and GM Financial sound like "consumer finance" accounts, which are negative in FICO algorithms.

-You don't tell us what's going on with your other credit cards, or what  your original loan amounts are with your partially paid down loans.

Find out your real FICO 8 scores, and give us the missing information, and we can tell what you can do that is genuinely "positive".

[800FICOGoal]

---

@Anonymous wrote:

I've been checking CreditKarma (unreliable I know) and Credit Sesame for any updates.

**bleep**...

.

.

Why the EFF...

---

Why get stressed if you know they're unreliable? Wait until everything posts to your reports and get your real FICO scores. 

[Anonymous]

1. Like I said...”I know they are unreliable”
2. Great bc nothing positive I’ve done has posted yet.
3. NOTHING THAT HAS POSTED IS ANYTHING I HAVE DONE TO IMPROVE MY SCORE...Per CreditKarma just doing the bare minimum (paying loans on time, paying down the ONE card that will have a balance of $5 after the zeros post...AGAIN...nothing worth anything has posted yet!) Collection came off POSITIVE- that’s the only thing SO FAR this month that has reported that is out of the ordinary from every month and score per “the unreliable” has gone down 135 points. I’ve always paid off every card in full except one but my timing was off. Paying by due date and not by statement posting date. I CLEARLY stated I finally realized I was screwing myself by doing that and this was the first month I was going to fix that. So this time of all times I actually got them to zero IN TIME before they reported with a balance. None of my positives have posted yet, except the collection. None of my positives have posted yet, except the collection. I forgot to mention, NONE OF MY POSITIVES HAVE POSTED YET EXCEPT MY COLLECTION.
4. No need to guess if GM Financial and Acceptance Now are “Consumer Finance” accounts...CLEARLY STATED CAR LEASE AND FURNITURE LOAN! $195 left of a $1200 furniture loan and $12000 left of a $24000 car lease.

Cards are irrelevant other than the one with a $5 Hootie and the Blowfish ticket balance bc THEY HAVE NOT POSTED YET! But when they do, they are all at zero.

In case I forgot....nothing I’ve done out of the ordinary to improve my score this month has even posted yet.

137 point drop on FAKO Equifax after the bare minimum was reported freaked me out. Basically just wanted to know if my score would go down even more when my positive actions (all cards reporting zero except the one with a $5 balance) did post

[Anonymous]

Your FAKO scores are not reliable, nothing you have said you did would have caused your FICO scores to drop so much. You need to pull your FICO scores. I don’t understand why you are freaking out when you don’t know your true credit scores. 

[FinStar]

Edits have been made where appropriate and the thread has been reopened.

This is a reminder for everyone that participates in our forums to ensure that all posts adhere to the following Friendly, Supportive and Respectful guidelines.

Thank you for your cooperation.

-FS

[Anonymous]

Nothing I have done would make my FAKO scores drop that much either...that’s the point I made. Nothing except a collection falling off has significantly happened and my FAKO Equifax dropped 137 points. I know my FICO scores. Nothing has reported other than collection dropping off and Equifax went up 22 points.

[Anonymous]

---

@Anonymous wrote:

Nothing I have done would make my FAKO scores drop that much either...that’s the point I made. Nothing except a collection falling off has significantly happened and my FAKO Equifax dropped 137 points. I know my FICO scores. Nothing has reported other than collection dropping off and Equifax went up 22 points.

---

What we are all trying to say is disregard FAKO scores altogether. They are useless. As long as your FICOs are fine, don’t stress. 

[Anonymous]

---

@Anonymous wrote:

1. Like I said...”I know they are unreliable”

---

I think it's important to distinguish "unreliable" verses "unmeaningful."  There's nothing "unreliable" about VS 3.0 scores.  Like FICO scores, they're based on an algorithm and if you have a good idea of how it works you can probably "rely" on the score changes.  What they are however is unmeaningful, as no major lenders use them as members such as SJ have stated above... so whether or not they are unreliable really isn't relevant. 

[FlaDude]

---

@Anonymous wrote:

I think it's important to distinguish "unreliable" verses "unmeaningful."  There's nothing "unreliable" about VS 3.0 scores.  Like FICO scores, they're based on an algorithm and if you have a good idea of how it works you can probably "rely" on the score changes.  What they are however is unmeaningful, as no major lenders use them as members such as SJ have stated above... so whether or not they are unreliable really isn't relevant. 

---

My VS scores have been pretty consistent in predicting which way my FICO scores were going, and since VS updates more frequently I think they are a useful tool. My experience is that they do tend to exaggerate any move, they are "twitchier" and make much larger movements than the FICOs do.

I do agree with the posters that there is no need to panic yet, but I would examine my reports closely for any unexpected items and make sure nothing negative has popped up.