Are those scores from here? My thinking is that those are FAKO's and are not a true indication of what the installment loan is doing.
@Anonymous wrote:No sir... These scores are from here. That is why i am puzzled that just one of the three just dropped
Welcome to the boards!
Can you provide some more context about your credit situation? In those details, there may be some indication of possible reasons that others can pick up on.
Are you tracking the 3-report monitoring? If so, if you can provide updates later, added on to this post, then it can be used to see whether time heals these sudden drops in predictable ways.
Good luck!
@Anonymous wrote:I feel for you, i guess it really has to do with how "thick" your file is. I didnt have any installment loans got a car last month lost 67 points. I am thinking in a few months it will bounce back. funny thing is no installment loan kept on showing as a negative on my credit , i get one and bam lost more lol..
Found that looking at FAKO Score comments, my credit reports took a hit because my last installment loan was at 20% utilization and the new loan was almost 100%. The FAKO recommended I should be below 35% to get the better scores in my installment category. In my mind ... give me a break, why would I get a loan with only 35% NOT. Guess I live with it. This happened when I zeroed one mortgage and later on obtained another mortgage. Drove me crazy because the scores were drastic in the down and ups. My credit file is thick so I need to accept this is how the credit scoring systems work. 
@Anonymous wrote:Hello
i have been working on my credit now for about 2 years. My scores a week ago were eq: 686,trans:690 and ex:733.
i have 5 credit cards from 500-1500 limits with 3 that have a balance but nothing over 10% of the card limit.
i applied for a 8k car loan last week from my credit union and was approved. I received a couple of alerts from myfico to advise me of a new account change and score change.
the loan is showing now on all 3, which i thought was crazy fast to be reported in only 3 days. But what has me stumped is my score drop on the experian score, it went to 646! A 87 point drop. The other scores only dropped 10 points.
Is this normal? I pulled my Experian report and saw no fradulant items, just the new loan.
it's frustrating. It was the hgihest of my 3 scores.
This is probably not normal. I would suggest you keep making payments on time while also decrease the number of credit cards reporting a balance to see how quickly your score will rebound. If the score drop was only due to the new loan, your score will recover rapidly too.
