65 point drop with no new info

[2ball]

It does not seem to be a tu vs3 issue.  The screen I am looking at says Experian Score history and there is a graph that starts on September 17th where the score is at 756, then it stayed at 756 on October 28th then it dropped on November 19th to 691.  All of the information seems to be from the Experian's fico score.

[SouthJamaica]

---

@2ball wrote:

It does not seem to be a tu vs3 issue.  The screen I am looking at says Experian Score history and there is a graph that starts on September 17th where the score is at 756, then it stayed at 756 on October 28th then it dropped on November 19th to 691.  All of the information seems to be from the Experian's fico score.

---

If you really have no idea why your EX FICO 8 score dropped from 756 to 691, you owe it to yourself to pull an Experian credit report and make sure it's being reported correctly.

[2ball]

---

@SouthJamaica wrote:

---

@2ball wrote:

It does not seem to be a tu vs3 issue.  The screen I am looking at says Experian Score history and there is a graph that starts on September 17th where the score is at 756, then it stayed at 756 on October 28th then it dropped on November 19th to 691.  All of the information seems to be from the Experian's fico score.

---

If you really have no idea why your EX FICO 8 score dropped from 756 to 691, you owe it to yourself to pull an Experian credit report and make sure it's being reported correctly.

---

There is no new information in my credit report from annualcreditreport.com.

It does not give me an actual score and the information is exactly the same as the AMEX product.  outstanding balances on 3 cards around 2100 on a 70K or so limit.

1 hard inquiry from when the 2nd Amex was apllied for a few months ago.

no missed payments or any other dings.

[SouthJamaica]

---

@2ball wrote:

---

@SouthJamaica wrote:

---

@2ball wrote:

It does not seem to be a tu vs3 issue.  The screen I am looking at says Experian Score history and there is a graph that starts on September 17th where the score is at 756, then it stayed at 756 on October 28th then it dropped on November 19th to 691.  All of the information seems to be from the Experian's fico score.

---

If you really have no idea why your EX FICO 8 score dropped from 756 to 691, you owe it to yourself to pull an Experian credit report and make sure it's being reported correctly.

---

There is no new information in my credit report from annualcreditreport.com.

It does not give me an actual score and the information is exactly the same as the AMEX product.  outstanding balances on 3 cards around 2100 on a 70K or so limit.

1 hard inquiry from when the 2nd Amex was apllied for a few months ago.

no missed payments or any other dings.

---

Are you talking about your score or your son's score? I'm getting confused.

My understanding was that your son has 2 Amex charge cards and a Discover AU card, and no other cards. And that the score drop was with his Experian score. Is that correct?

[2ball]

---

@SouthJamaica wrote:

---

@2ball wrote:

---

@SouthJamaica wrote:

---

My understanding was that your son has 2 Amex charge cards and a Discover AU card, and no other cards. And that the score drop was with his Experian score. Is that correct?

---

All of the informtion is about my son.  Correct he has 2 Amex cards in his name.  He is an AU on my Discover, that I have had for many years (20-30).  1 AMEX card is about a year old and 1 AMEX card is about 3 or 4 months old.  Both have low balances.  He has no loans, no missed payments and no inquiry's other then the one amex did when he got the second Amex card.  The score drop was on his Experian Score as reported by his Amex credit monterning program.  

[SouthJamaica]

---

@2ball wrote:

---

@SouthJamaica wrote:

---

@2ball wrote:

---

@SouthJamaica wrote:

---

My understanding was that your son has 2 Amex charge cards and a Discover AU card, and no other cards. And that the score drop was with his Experian score. Is that correct?

---

All of the informtion is about my son.  Correct he has 2 Amex cards in his name.  He is an AU on my Discover, that I have had for many years (20-30).  1 AMEX card is about a year old and 1 AMEX card is about 3 or 4 months old.  Both have low balances.  He has no loans, no missed payments and no inquiry's other then the one amex did when he got the second Amex card.  The score drop was on his Experian Score as reported by his Amex credit monterning program.  

---

I thought the Amex cards were charge cards. It that is the case, why would he have a balance?

I'm going to bow out of this thread. It's not making any sense to me. Maybe someone else can be more helpful.

[2ball]

---

@SouthJamaica wrote:

---

@2ball wrote:

---

@SouthJamaica wrote:

---

@2ball wrote:

---

@SouthJamaica wrote:

---

---

I thought the Amex cards were charge cards. It that is the case, why would he have a balance?

---

The balance is how much is owed at this second.  You have until the end of the billing cycle to pay the balance.  The balance shows up on the AMEX credit report.  Both Amex cards are charge cards, but apparently both have a mechanism to carry over a balance.

He seems to be stuck.  AMEX says they just relay information from experian.  experian doesn't show the the credit score on their credit report, so there is no information to appeal. 

Is there anything to do except take the 65 point drop and hope it goes up next month?

Do charge cards count toward your available credit?

If no, then could the explanation for the 65 point drop be the discover card if it had 25-30% credit utilization?

and then will his score go back up the next week when the credit utilization is back down to 9-15%?   

Are the charge cards hurting him? Does he need to get a couple credit cards to improve his credit?

[Zoostation1]

@2ballIn nearly all FICO models, with the exception of Experian FICO 2 (FICO 98), charge cards don't count towards available credit and utilization percentages, they only count towards accounts with balances. (if you have 3  Nothing wrong with having the charge cards, but when they just have 2 charge cards of their own and are an AU on a regular credit card I think that would make them more susceptible to large fluctuations in score month to month based on what your Discover balance is, and maybe even more so in a younger file.  I think it would be beneficial to add a regular revolver (even two) in addition to the charge cards. Additionally - not related to scoring but would be good for one card to be with a different lender and on a different network just to not have all eggs in one basket in the event any issue comes up with that Amex (not suggesting it will), he's at a place that doesn't accept it, or the network has an outage.  @SouthJamaica may have more to add and/or other suggestions.

[SouthJamaica]

---

@Zoostation1 wrote:

@...  @SouthJamaica may have more to add and/or other suggestions.

---

Thanks but no, I've bowed out of this thread; after all the back and forth I still don't know what the facts are.

[2ball]

---

@Zoostation1 wrote:

@2ballIn nearly all FICO models, with the exception of Experian FICO 2 (FICO 98), charge cards don't count towards available credit and utilization percentages, they only count towards accounts with balances. (if you have 3  Nothing wrong with having the charge cards, but when they just have 2 charge cards of their own and are an AU on a regular credit card I think that would make them more susceptible to large fluctuations in score month to month based on what your Discover balance is, and maybe even more so in a younger file.  I think it would be beneficial to add a regular revolver (even two) in addition to the charge cards. Additionally - not related to scoring but would be good for one card to be with a different lender and on a different network just to not have all eggs in one basket in the event any issue comes up with that Amex (not suggesting it will), he's at a place that doesn't accept it, or the network has an outage.  @SouthJamaica may have more to add and/or other suggestions.

---

Zoostation, thanks for helping me figure this out!!  especially when others bowed out!  

We now have a direction to go to fix this issue.  I appreciate your help on this.

a couple more questions. 

If I pay off my discover (son is an AU on it) and start using other credit cards, will my sons credit score immediately go back up?  Will he have a higher credit score when they check (do an inquiry) when he applies for a credit card?  or should he wait a little while to get a credit card?