Hey sorry to piggy back but I was looking for someone to explain this to me. You say SL's are almost invisible but i took out a subsidized fed loan a month or so ago and it just reported to the bureaus. I got a 30 point drop on each according to ck and the ex site. I'm not sure why... I've heard they don't affect credit to debt ratio and they certainly don't do a hard pull so I'm very confused. If anyone could shed some light I would be greatly appreciative!
That loan is a new tradeline, so you've reset your age of youngest account (AoYA) to 0 and that account may have caused your average age of accounts (AAoA) to drop across scoring thresholds.
Ok so I did the creditchecktotal trial. EX 795 TU 796 EQ 785. But the reports aren't showing the loan. So, I just cancel the trial and then periodically I can do it again? That's genius . Thanks again for everything!
Yup! That's what I do. It says 7day trial, but it's really a 10 day. I cancel by day 7 in case they ever tighten that up.
Since the loan hasn't posted - you should see your AAoA before and after the posting (as well as your AoYA). If you look around the scoring forum, you'll see people gathering data points to try to suss out the threshholds - it's not alway clear.
My young file (my oldest account is just a year old) shows a 10-12 point jump at just 3 months, so it's definitely profile dependent, but I'd put money on your scoring drops being due to the age effects. Just hang in there and it'll all sort itself out for you in the end!
And have no fear, your scores are REALLY good, you'll be fine
Alright I'll quit stressing lol! Last question: it says I have to call to cancel. Is that your experience?
Go to the icon in the upper right corner (should be your initials)
Hover over it, and select "profile"
Left hand menu - click "My membership"
Scroll to the bottom and there should be something about changing your membership (sorry, I can't double check mine)
Select the Free Credit Basics and confirm.
You will automatically keep your trial membership until the 7-10 days runs out (I always cancel my first day so I don't forget).
When you are eligible for another $1 trial, it will offer it to you upon log in.