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34 point drop EQ for no non mortgage loans, but I have multiple installments

blindambition
Community Leader
Senior Contributor

Re: 34 point drop EQ for no non mortgage loans, but I have multiple installments

Another poster contacted MF customer service. It's a technical issue on Equifax's end. They're apparently working on it.

Message 11 of 13
TaylorTaylor
Valued Member

Re: 34 point drop EQ for no non mortgage loans, but I have multiple installments

I also had this happen to me yesterday on Equifax. A 14 point drop with the following reasons:

  • You have few accounts that are in good standing.
  • You have no recent activity from a non-mortgage installment loan.

Neither statement is true.

Fico 8
Starting Score (6/2020):
Current Score (03/2021):
Auto Score (03/2021):

Fico 9
Starting (10/2019):
Current (03/2021):

Auto Score (03/2021):


Wells Fargo Visa Signture Card: $10,000 - CapitalOne SavorOne: $11,000 - Care Credit: $15,000 - Target RedCard: $3000
Message 12 of 13
Sbrooks1
Valued Contributor

Re: 34 point drop EQ for no non mortgage loans, but I have multiple installments

My fear is the control they have , my EQ has always been my lowest score at 780 so i was still ok with the drop, but what if I was in the end of a mortgage or something!! Scarey 

Message 13 of 13
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