I received a fico alert that TU dropped 11pts because my personal loans increased by $40,000. After a tedious process of combing through report I determined that all of the original amounts are now updated with a current balance which is the interest added to the loans. I recently went into deferrment status so the loans updated including the interest. This has only impacted TU so far. I did not realize this would impact my score! Should I expect this to impact the other CR as well?
Yes, if its pushing your utilization over a 100%, expect a drop
