Credit score dropped

[Anonymous]

Ugh. I'm so hurt. Lol. This morning when I went into my credit report it said my equifax score dropped 22 points. Nooooooooo. I don't know what I did to make it drop. I only have 1 credit card and it doesn't report until the 4th. I have 2 derogatories but I paid one off and and scheduled the payment for the other one. My student loans are current and there is nothing else on my reports. I thought it might be because I opened 3 new cards but none of them are showing. Nothing new shows up when I hit the "see what changed" button. Any insight?

[AllZero]

What CMS Credit Monitoring Service are you using?

Have you compared the before and after reports for the difference?

Since you are on a derogatory score card, you should not be getting any penalty for new accounts. Also, since they haven't appeared on your credit reports yet you can factor that out.

[Anonymous]

They are using vantage 3.0. I don't see any differences but I may be overlooking something. I will check again.

[AllZero]

VantageScores are great for following your credit reports. Scores are not that meaningful. Majority of lenders use FICO scores for lending purposes.

$1 you can obtain your 3 bureau FICO 8 scores and reports at Experian or CreditCheckTotal (part of Experian). Cancel in 7 day or less to avoid the re-occurring monthly charge. Wash, Rinse, and Repeat as needed.

AnnualCreditReport. Free weekly 3 bureau online reports through April 2021.

[Anonymous]

Ok thank you. I will try that and see what it says.

[Anonymous]

VantageScore is so deceiving. It's like the participation award of the adult world. Haha.

[AllZero]

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@Anonymous wrote:

Ok thank you. I will try that and see what it says.

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You are welcome.

[Anonymous]

I think I figured it out. I'm not sure how I kept overlooking it. I have an old self lender account that I never paid into but also never closed. In order to make a new account I had to pay the fees on the old one. So now on annual credit report I can see the old account is reporting as open on equifax only and showing I owe $96 and that I'm 2 months late paying. What??? I didn't even realize that was still there. I just opened my new self lender account last week. Maybe it's an error???

[AllZero]

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@Anonymous wrote:

I think I figured it out. I'm not sure how I kept overlooking it. I have an old self lender account that I never paid into but also never closed. In order to make a new account I had to pay the fees on the old one. So now on annual credit report I can see the old account is reporting as open on equifax only and showing I owe $96 and that I'm 2 months late paying. What??? I didn't even realize that was still there. I just opened my new self lender account last week. Maybe it's an error???

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To clarify, you got a 30 and 60 day delinquency?

If so, you may need to contact Self for the accuracy of the reporting provided to EQ.

[Anonymous]

Yes. Ok I will contact them. Thank you for your help.