Bailed a neighbor's child out --100 point drop

[Anonymous]

So a neighbor's child called me in the middle of the night and I bailed her out. Then my credit score dropped 100 points. Is this a scarlet letter? I don't see how this can be fairly evaluated, for example to determine when the issue is resolved, whether the bail affects the person paying for it. 

[Anonymous]

You'd need to be a lot more specific on what's going on here.  Where are you seeing a 100 point drop?  How did you bail them out, using a credit card?  We need a lot more info here.

[Gunnerboy]

I assume a 100% utilization update could cause an immediate 100pt drop. Lender probably reported it before she showed up for her scheduled court date, so OP's card(s) didn't get refunded yet. Just guessing..

[Anonymous]

Only the bond inquiry was listed, not as a loan. It was $1000 on a card that's paid off every month. It had already been paid. But even the $10k seems like it should not drop my score to much. There was no other change on my report.

[Revelate]

A single maxxed out tradeline even on any scorecard ever created wouldn't be a 100 point drop on any FICO algorithm ever created.  Not even close.

Where are you getting your scores from?

I assume you have an inquiry and now 10k / some CL?  What's your aggregate look like?

[Anonymous]

The only way I could fathom a 100 point FICO score drop from maxing out a single trade line would be if it was one's only revolver, meaning their individual [maxed out] utilization was also their aggregate utilization.

[Anonymous]

Not sure about the lingo. I'm out of free looks using my credit cards. I don't think I have missed a payment during my lifetime. Just paid off a mortgage last May. It says I'm using 20% of my credit. I made a 5K payment and got an e-mail notice my score dropped lower. I suspect I may be groomed for purchasing some monitoring service by an algorithm. I froze all the credit bureaus. Equifax was always frozen because they're especially creepy and I hope they don't make money from me. I can imagine obsessing over this so I'm going to ignore it. Maybe Congress should look into this business model. Like that Black Mirror episode "Nosedive", on Netflicks. Bye bye

[Anonymous]

People here can help you better if you get a three-bureau report along with your three FICO 8 scores.  Otherwise we don't know what your current reports look like nor do we know what scoring models were being used (many free scores use non-FICO models, which are worthless).

You can get the 3B reports and score I describe above for $1 with the trial offer at Credit Check Total.

[Kree]

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@Anonymous wrote:
Only the bond inquiry was listed, not as a loan. It was $1000 on a card that's paid off every month. It had already been paid. But even the $10k seems like it should not drop my score to much. There was no other change on my report.

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Could you please clarify what you mean by "bond inquiry"? Thanks.

[Anonymous]

It was a Bad Boy Bail Bond inquiry