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Where are you getting your scores from?
How old was the student loan? Do you have mostly new accounts on your report, or older one's as well? If that was your oldest account by a few years, your scores could have dropped because of your AAoA (average age of accounts) dropping. My student loan is 12 years old and none of my other accounts even come close to being that old. If that were to drop off, I would lose quite a few points.
Also, like the poster above me asked, where are you getting your scores? If they're from sites like Credit Karma, Sesame, or any other sites that offer FREE scores, I would ignore them and get your actual FICO scores. You can do the $1 7-day trial with Experian and get all 3 scores from TU, EX, and EQ.
While rebucketing is of course a thing, my opinion is that the OPs FICO scores would not have dropped some 30-50 points in the removal of his only negative account, bringing his file from dirty to clean.
IMO, something else must have changed on his reports.
This is quite a drop so something had to change. One thing if you just got an alert from myfico and saw the Fico 8 drop, the underlying report data has not changed and won't change until you pull a new 3b. Not sure if this is the source of nothing has changed or not, but thought I would put it out there.
Was the student loan your only installment loan reporting on your report? Perhaps the lost of an installment loan in your credit mix caused a change in you credit score.
@outofcredit wrote:Was the student loan your only installment loan reporting on your report? Perhaps the lost of an installment loan in your credit mix caused a change in you credit score.
Loss of the only installment loan + drop in AAoA? we know what the AAoA is now, but what was it before?
My AAoA dropped to 7m when my derog SLs went away, but I still had a pretty solid net gain (I did have another installment loan, though). This just seems weird.