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All three scores were in a freefall after my vacation and then leasing a new car. And today......

BrianPan
Frequent Contributor

All three scores were in a freefall after my vacation and then leasing a new car. And today......

my TU score went from 699 to 700.    What does this even mean!?  Smiley Frustrated

Message 1 of 4
3 REPLIES 3
tufa4311
Established Contributor

Re: All three scores were in a freefall after my vacation and then leasing a new car. And today....


@BrianPan wrote:

my TU score went from 699 to 700.    What does this even mean!?  Smiley Frustrated


You're not providing enough info.

 

-what do define as a freefall? 600 to 450, 650 to 625...

-what was the time line? what were your scores before the vacation, how does a vacation affect your scores, did you finance your vacation with credit

-what was the time line with respect to the new car lease, what were the score changes before and after, how are you financing the lease

-why are you specifically referencing a 699 to 700 change? This is 1 point, this change is inconsequential

 

This info is required to do any kind of analysis or to determine that relative changes are so small that they don't deserve an analysis but rather an info session for you on expectation with credit scores.

 

Happy to help, just need more data points.

796 TU FICO 08 (08/2018)
758 TU FICO 08 (01/12/2016)
753 TU FICO 08 (11/21/2015)
740: EQ Score Power (Beacon 5.0) FICO 04 (01/23/2015)
755 TU FICO 08 (01/21/2015)
652 TU Lender Pull (06/10/2014)
665 TU FICO 08 (05/21/2014)
Goal: 800+
Message 2 of 4
NRB525
Super Contributor

Re: All three scores were in a freefall after my vacation and then leasing a new car. And today....


@BrianPan wrote:

my TU score went from 699 to 700.    What does this even mean!?  Smiley Frustrated


+1 to More Information Would Help

 

Basically, if you have been hitting your score with increasing balances, inquiries, and a new account,

and then you stop hitting your score

the score begins to recover, and in the absence of late payments or other hits, it begins to climb again. Month by month. Slowly. Like, 1 point slowly sometimes Smiley Happy

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
Message 3 of 4
Revelate
Moderator Emeritus

Re: All three scores were in a freefall after my vacation and then leasing a new car. And today....

Don't sweat this overly much.

 

My TU FICO 8 gained a point, and lost a point, both without reasons attached while going through the mortgage process.

 

Installment utilization might've partially changed depending when TU got the first half of the data (it still hasn't gotten the second part) and mortgage inquiries fell out of the grace period, but 1 point, w/e.  Not worth losing sleep over, just the TU monitoring solution leaves a lot to be desired.




        
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