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So I closed a card (Credit One) a little while back and my reports just updated. Experian showed a raise of 5 points and Equifax shows a decrese of 4 points.
I don't understand how it helps on one report but hurts on another?
Closing that account didn't raise your scores. Your scores went up for a variety of other reasons, such as AAoA growing, or maybe inquiries being scored less because of aging. Or a variety of other reasons.
@Anonymous wrote:So I closed a card (Credit One) a little while back and my reports just updated. Experian showed a raise of 5 points and Equifax shows a decrese of 4 points.
I don't understand how it helps on one report but hurts on another?
Before you closed it, did your last report show it with a balance? If so, I can imagine a scenario where closing it helped one bureau and hurt another.
It's also certainly possible (as ABCD says) that the closure triggered an alert, but the score changes had already happened a week before with out you finding out about them. You are only finding out about them now.