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Can Experian Boost Lower the Fico 2 score?

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Ijbennett2
New Member

Can Experian Boost Lower the Fico 2 score?

I don't know what else could have lowered it at this point.

Message 1 of 4
3 REPLIES 3
CorpCrMgr1
Valued Contributor

Re: Can Experian Boost Lower the Fico 2 score?

I know from first hand experience it can lower FICO 8.  A couple of years ago I added a couple of previous non reporting items and my score immediately dropped several points. I quickly removed the additions. 

Message 2 of 4
CorpCrMgr1
Valued Contributor

Re: Can Experian Boost Lower the Fico 2 score?

I know I've never been late on my utilities, yet my score dropped a few points. The utilities had been in my name for the then dozen plus years since I bought my house.

Message 3 of 4
nytokyobred79
Valued Contributor

Re: Can Experian Boost Lower the Fico 2 score?

Yes, it can drop your score just as  @CorpCrMgr1 says. I also used it for my Netflix and maybe another account a few years back and realized that it was the cause of my score drop. At first, I gained 10-12 points but then over time it began to supress my score. I can't remember exactly what causes the algorithm to drop scores but I think it's how the payments are reported. Someone else may be able to elaborate further. 

Avoided credit cards after ruining my financial health but got back into the game in 2019 after a 20 year hiatus
Total Revolving CL- $218,900 | Order of Opened Cards
Delta SkyMiles Blue- SL-$1K | CL- $22.6K
Delta SkyMiles Reserve- SL- $10K | CL- $20K
Chase Sapphire Reserve- SL $20 | CL- $12K
Cap 1 Venture Rewards- SL $10K | CL $ 21.5K
Amex Everyday Preferred- SL $13.1K | CL $10K ( moved some limits around )
Chase Freedom Unlimited: SL $23.4K| CL $72K
BOA Unlimited Cash SL: $20.8K| CL $15K moved some limits around)
BOA Travel Rewards SL: $20.8K | CL $5.8K(moved some limits around)
Amex Blue Cash Preferred SL: $10K
Amex Green Card: NPSL / POT: 17K
BOA BankAmericard: SL: $5K | CL: $30K
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