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So supposedly my credit score dropped today by 31 points......

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Anonymous
Not applicable

So supposedly my credit score dropped today by 31 points......

According to Credit Karma my credit score dropped 31 points out the blue. Should I be nervous?

Message 1 of 27
26 REPLIES 26
Repo-ed
Senior Contributor

Re: So supposedly my credit score dropped today by 31 points......

Not even a little bit.

 

Have you ever pulled your reports from annual?  When was the last time you checked them?

5/2012: 560 credit scores across the board
12/2014: 750+
3/2017: 780+
11/2019: 833
2/2023: Experian via Chase United Explorer CC pull - 891
Message 2 of 27
Anonymous
Not applicable

Re: So supposedly my credit score dropped today by 31 points......

Yeah in January, They were in the 650ish.

Message 3 of 27
Repo-ed
Senior Contributor

Re: So supposedly my credit score dropped today by 31 points......

Do you belong to any CMS?

 

Perhaps look at joining USAA CMS and see all 3 of their reports for any changes that may have impacted you, that are NOT your doing.

5/2012: 560 credit scores across the board
12/2014: 750+
3/2017: 780+
11/2019: 833
2/2023: Experian via Chase United Explorer CC pull - 891
Message 4 of 27
Anonymous
Not applicable

Re: So supposedly my credit score dropped today by 31 points......

The only thing I did in the past month was pay my bills on time and closed a account I had just got and never used. I got a applied bank credit card but at the bank the capitalone helper suggested I apply for a regular card. I was approved and I closed the account I never used. I only had it for a month.

Message 5 of 27
Repo-ed
Senior Contributor

Re: So supposedly my credit score dropped today by 31 points......


@Anonymous wrote:

The only thing I did in the past month was pay my bills on time and closed a account I had just got and never used. I got a applied bank credit card but at the bank the capitalone helper suggested I apply for a regular card. I was approved and I closed the account I never used. I only had it for a month.


Sounds like two possible things occured to lower your score, at least your FAKO score that is.  App resulted in a HP and closing account may have increased your Util%

5/2012: 560 credit scores across the board
12/2014: 750+
3/2017: 780+
11/2019: 833
2/2023: Experian via Chase United Explorer CC pull - 891
Message 6 of 27
Anonymous
Not applicable

Re: So supposedly my credit score dropped today by 31 points......

Utilization went 7% lower. Currently at 12%. I guess its just the volatility of a FAKO score.

Message 7 of 27
pizzadude
Credit Mentor

Re: So supposedly my credit score dropped today by 31 points......


@Anonymous wrote:

Utilization went 7% lower. Currently at 12%. I guess its just the volatility of a FAKO score.



+1.  I wouldn't read anything into your FICO scores based on a change to your FAKO score.  

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Message 8 of 27
annielorie
Valued Contributor

Re: So supposedly my credit score dropped today by 31 points......

Also your AAOA took a hit when you closed the account could be the reason for a score decrease.Smiley Sad


Starting Score: 0
Current Score: TR??FICOEQ ?? FICO
Goal Score: 760

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Message 9 of 27
Anonymous
Not applicable

Re: So supposedly my credit score dropped today by 31 points......


@annielorie wrote:

Also your AAOA took a hit when you closed the account could be the reason for a score decrease.Smiley Sad


This shouldn't be the case.  Closed accounts are included in AAoA calculations.  I don't know, maybe not in CKs FAKO they aren't.  In a real FICO they are still included as long as they report, which is usually 10 years after being closed.

Message 10 of 27
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