-19???

[Anonymous]

I got a scorewatch email alert that my EQ score was down 19 points!  I pulled a new CR and nothing new on it in fact some negative CC acounts were gone when comparing it to my last pull 6 months ago. Anyone have any ideas how this could be?  Balances down, negative accounts down, nothing new at all.

[Anonymous]

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@Anonymous wrote:

I got a scorewatch email alert that my EQ score was down 19 points! I pulled a new CR and nothing new on it in fact some negative CC acounts were gone when comparing it to my last pull 6 months ago. Anyone have any ideas how this could be? Balances down, negative accounts down, nothing new at all.

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I lost 14 points when an old Unpaid CO fell off my EX report. However, it fell off TU and my score went up 11 points. I speculate the age of the account (9years) was helping me more than the derogatory info was hurting me. I would still rather have it removed. I think that I can recoup those points in as short as 3 months. I have about 6 more waiting to fall off between now and the next 14 months. Even if my score takes a **bleep**, Im still looking forward to having all this junk gone.

[CreditBob]

When an account falls off or is deleted from your credit report the average account age changes. I am thinking that this is what is causing this scenario for you. For example if you has a loan on your report for 10 years and then it falls off this would change the account age in your profile. The fico score takes all the accounts ages combined.

EXAMPLE:

10 YEARS LOAN     10 YEARS CREDIT CARD   30 YEARS ON A MORTGAGE LOAN

IF YOU ADD ALL THREE THE AVERAGE ACCOUNT AGE IS 16.6 YEARS

NOW LET'S SAY THE MORTGAGE LOAN FALLS OFF THE REPORT

10 YEAR LOAN 10 YEAR LOAN

ADD THE TWO LOAN ACCOUNTS TOGETHER THEN DIVIDE BY 2

NOW THE NEW AVERAGE IS 10 YEARS

BY HAVING THE MORTGAGE LAON DELETED YOU KNOW HAVE 6.6 YEARS LESS AND A LOWER AVAERAGE ACCOUNT AGE.

That is why you need to have and hold on to open accounts as long as possible. The best type of acocunst thta you can have are your credit cards.

[Anonymous]

Lates on cards are a negligible ding after a few years and thus by the time they are falling off your account they are way more positive than they are negative (though on manual review your report will look better with those accounts off)