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Crazy EQ Jump, error?

MrNeo
New Contributor

Crazy EQ Jump, error?

Hi!  Here is a crazy thing, my score jumped from 645 to 823 with the only alert showing a balance decrease of $75 on an account I don't have.  It shows a BofA account decreasing $75 but I don't have any accounts now or ever with BofA.  TU/EQ no change. 

 

Thoughts?

Message 1 of 18
17 REPLIES 17
Dumbee
Established Contributor

Re: Crazy EQ Jump, error?

What do you mean "No TU/EQ change... Crazy EQ Jump"?

 

You're probably checking CreditKarma? 

 

Check your credit reports for changes, probably added as an authorized user?


Smiley Embarassed
Personal/40.15K Biz/23K POT/17K
Message 2 of 18
Slabenstein
Valued Contributor

Re: Crazy EQ Jump, error?

Have you compared your EQ reports before and after the change?  One thing that occurs to me w/ such a large jump on only one bureau and an alert for an account you don't recognize is a merged file.


Message 3 of 18
Birdman7
Super Contributor

Re: Crazy EQ Jump, error?

Did you drop any derogatories?
-Scoring wisdom: Credit Scoring Primer, Payment History, Amount of Debt, Length of History/New Credit, Mix/Disputes/Freezes/Searches, Mortgage Scores/Negative Reason Codes/V.9, Helpful Links,
Anonymous’s Reason Statements Thread,
iv's friendly statement to reason statement concordance,

ccquest’s Workbook to calculate metrics.
Clean/Thick/Mature/No New Revolver - 8,9; Clean/Thick/Mature/No New Account - 5/4/2.
Correct Ag.Util. under 5% all times. (Oldest/avg varies. Estimates above.)
Real world mortgage maxes are: EQ5-818, TU4-839, EX2-844.




(Everything said is JMHO and is not endorsed by FICO or MF. I have no affiliation with either, just a grateful member.)
Message 4 of 18
MrNeo
New Contributor

Re: Crazy EQ Jump, error?

I'm a my FICO subscriber. No derogs dropped. I haven't been able to compare because my new report isn't available until next week. 

Message 5 of 18
BrutalBodyShots
Super Contributor

Re: Crazy EQ Jump, error?


@MrNeo wrote:

No derogs dropped. I haven't been able to compare because my new report isn't available until next week. 


If you haven't been able to see your report, how would you know that no derogs dropped?

Message 6 of 18
LaHossBoss
Senior Contributor

Re: Crazy EQ Jump, error?


@BrutalBodyShots wrote:

@MrNeo wrote:

No derogs dropped. I haven't been able to compare because my new report isn't available until next week. 


If you haven't been able to see your report, how would you know that no derogs dropped?


Probably because OP got a score change notifocation with no reason attached and does does not have a new report to pull from myfico.

 

I would pull your report from annual credit report for free (no scores)

 

Edit: good point about not knowing if a derog dropped or not yet without a report

 

That is a big score change and I am not sure if even an AU account could change it that much. Seems strange.




Starting Score: 2•20 | EQ 550 | TU 498 | EX 505
Current Score: 4•21 | EQ [F8 651] [F9 651] [EQ5 684] [VS3 630] | TU [F8 717] [F9 692] [TU4 723] [VS3 639] | EX [F8 718] [F9 673] [EX2 681] [VS3 675]
Goal Score: 670 [X] TU [X] EX


Take the myFICO Fitness Challenge

SO Starting Score: 2•20 | EQ 502 | TU 484 | EX 521
SO Current Score: 4•21 | EQ [F8 661] [F9 622] [EQ5 677] [VS3 646] | TU [F8 705] [F9 673] [TU4 639] [VS3 627] [VS4 666] | EX [F8 719] [F9 708] [EX2 679] [VS3 665]
Goal Score: 670 [X] TU [X] EX


Take the myFICO Fitness Challenge



Message 7 of 18
MrNeo
New Contributor

Re: Crazy EQ Jump, error?

I still have negative issues listed in myfico. But good point none the less. I'll have a new report before I can get one from annual credit report they always mail them and I can't get an online one for some reason. 

Message 8 of 18
BrutalBodyShots
Super Contributor

Re: Crazy EQ Jump, error?

Why not go grab your EQ report for free from Credit Karma to see what changed in the meantime while waiting on your MF report.

Message 9 of 18
Slabenstein
Valued Contributor

Re: Crazy EQ Jump, error?

Can also get it from myEquifax, which is also where you can freeze your EQ.


Message 10 of 18
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