I got a alert from score watch saying that I am down to 589 Today.
I was @ 616 with Equifax Yesterday. I did just get approved for a very small target charge card today.
I also sent out a GW letter to a CA and they said they would just update that I paid.
Any ideas as to what it could be?
Changes to your credit report
Your FICO® score went down on a day when there were no credit alerts on your Equifax Credit Report™. This can happen if:
* There was a change on your credit report that lowered your score but did not trigger an alert. For example, the balance on an account might have increased enough to lower your score, but not enough to trigger a balance increase alert.
* You moved from one category of credit users to another as time passed. For example, you may have transitioned from the category "consumers with a new credit history" to the category "consumers with a two- to five-year credit history". As a result, your credit report is evaluated differently, causing a slight change in your score. The good news is that moving between categories like this usually offers you the potential to reach a higher FICO® score in the future.
This score decrease may be caused by this new reason:
* You have a public record or collection in addition to a serious delinquency on your credit report.
I was @ 616 with Equifax Yesterday. I did just get approved for a very small target charge card today.
I also sent out a GW letter to a CA and they said they would just update that I paid.
Any ideas as to what it could be?
Changes to your credit report
Your FICO® score went down on a day when there were no credit alerts on your Equifax Credit Report™. This can happen if:
* There was a change on your credit report that lowered your score but did not trigger an alert. For example, the balance on an account might have increased enough to lower your score, but not enough to trigger a balance increase alert.
* You moved from one category of credit users to another as time passed. For example, you may have transitioned from the category "consumers with a new credit history" to the category "consumers with a two- to five-year credit history". As a result, your credit report is evaluated differently, causing a slight change in your score. The good news is that moving between categories like this usually offers you the potential to reach a higher FICO® score in the future.
This score decrease may be caused by this new reason:
* You have a public record or collection in addition to a serious delinquency on your credit report.
Even more confused...... I just ran the Fico Report from Equifax and I'm now @ 661. I don't get it am I missing something?
