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Vantage Score 3 - Drop 91 points from paying 2 cards?

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C_DUBYA
Regular Contributor

Vantage Score 3 - Drop 91 points from paying 2 cards?

I know this is for FICO scoring, but I am at a loss on something.  I recently paid down/off a bunch of cards.  Today creditkarma got the first couple of them.  My TU on Vantage 3 dropped 91 points from paying off two $2k cards.

 

Huh?  Why in the world would that drop?  I am so confused!

 

I am waiting to see what my FICO does, but this has me concerned.  What am I doing wrong?

Starting FICO8 June 2017: EQ: 514 - EX: 491 - TU: 521 Pre-BK7
Current
FICO8 March 2023: EQ: 703 - EX- 680 - TU: 671
Message 1 of 4
3 REPLIES 3
Rebuild2019
Valued Contributor

Re: Vantage Score 3 - Drop 91 points from paying 2 cards?

I wouldn't worry about the fako scores. What you want are the FICO scores and hopefully they will increase. 

Let us know when you get those. Use Credit Karma to keep an eye on your credit reports and not so much your scores. Good Luck. 


CARDS: Discover It | Kohl’s | Truist Spectrum Cash Rewards | Truist Bright | CITI Custom Cash | Chase Freedom Flex | Chase Amazon Prime Visa | VACU Cash Rewards Mastercard | Sam’s Club Mastercard | PenFed Gold Visa | NFCU CashRewards | NFCU More Rewards | NFCU Platinum Visa | AMEX BCE | Verizon Visa | Wells Fargo Active Cash | Amazon Prime | AAA Daily Advantage | US Bank Cash+ | Wells Fargo Reflect | NFCU Auto Loan
Starting Scores 05/2019: EQ:519, EX:525, TU:574

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Message 2 of 4
FireMedic1
Community Leader
Mega Contributor

Re: Vantage Score 3 - Drop 91 points from paying 2 cards?

Dont be "concerned" about Vantage scores. Under "Whats Changed" on CK. What does it say? We call it FAKO for a reason.


Message 3 of 4
C_DUBYA
Regular Contributor

Re: Vantage Score 3 - Drop 91 points from paying 2 cards?

Under whats changed it only lists these 2 items.  Thats what I was so confused!

 

However my FICO8 just updated with the same 2 items, and it went up 5 points.  "FAKO" indeed.

 

Starting FICO8 June 2017: EQ: 514 - EX: 491 - TU: 521 Pre-BK7
Current
FICO8 March 2023: EQ: 703 - EX- 680 - TU: 671
Message 4 of 4
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