The CLI and FICO score decrease are unrelated. We would need more information about your profile to help you zero in on the cause of the change. Also, what are the respective dates for your 751 and 738 TU FICOs and from what source do you get them?
@Anonymous wrote:I did go through everything and compare. My myFICO scores updated on 12/11 with my newest scores. On 12/12 I got the alerts for the CLI for TransUnion and Experian and the 13 point score drop for TransUnion and no change in score for Experian. I pulled my reports from AnnualCreditReport.com and the only changes from the last time I checked it, about a month ago, are the CLI increase and owed balance decreases. There is no negative reported information, no hard inquiries or anything that I could think of that would cause it to drop.
The only thing I can think of is that with higher available balance means there is a higher risk of default, but that would be penalizing me for paying my bills on time, paying my balances down, and being fiscally responsible.
As for the Vantagescores, they came from CreditKarma and WalletHub.
Hm. One source that's often at the bottom of apparently random score changes is account aging, but if the TU 751 was generated by a score pull on the 11th and the 713 was generated to accompany an alert on the 12th, that wouldn't be the case here. It's also interesting that it occurred only on TU. Two possibilities that occur to me there are a delayed posting of a balance that was already updated on EX (though you say you have been paying your balances down) or a closed account falling off of TU early and taking you across a minor AAoA threshold. But that's just me shooting into the dark. If you want to post the details of your TU and EX reports from the 12th and from a month ago, we can give them another look and see if there's anything you've missed. As stated above, an increase to revolving TCL will not cause a decrease in score on FICO8. It can cause a score increase if it decreases agg util w/o a new inquiry or account, but not a decrease.
As far as the score drop on VS3 goes, that model seems to have wide score swings triggered by minor profile changes. It isn't used by most lenders, so I wouldn't worry about it.
@Anonymous wrote:I did go through everything and compare. My myFICO scores updated on 12/11 with my newest scores. On 12/12 I got the alerts for the CLI for TransUnion and Experian and the 13 point score drop for TransUnion and no change in score for Experian. I pulled my reports from AnnualCreditReport.com and the only changes from the last time I checked it, about a month ago, are the CLI increase and owed balance decreases. There is no negative reported information, no hard inquiries or anything that I could think of that would cause it to drop.
The only thing I can think of is that with higher available balance means there is a higher risk of default, but that would be penalizing me for paying my bills on time, paying my balances down, and being fiscally responsible.
As for the Vantagescores, they came from CreditKarma and WalletHub.
The Vantage scores are meaningless.
As to your FICO score, there is no way a limit increase caused a score drop. You're just missing something.
@Anonymous wrote:I'm not sure how accurate myFICO's score simulator is, but it shows on my Experian, if I were to get any kinds of further CLI, between $1 and $7050, that my score would drop up 10 points. Then, if I got to an additional $14,000 it would start going up again. On the other side, TransUnion stays the same and starts increasing if I were to get another $1200. These simulated scores take nothing else into consideration except a CLI, so I do t know why it would show a decrease there either
Score simulators are generally not accurate. If a simulator is predicting a score decrease as a result of a CLI, it is an example of that.
@Anonymous wrote:These simulated scores take nothing else into consideration except a CLI, so I do t know why it would show a decrease there either
Simulators assume an HP will occur with a CLI request, so they will estimate the cost of the HP and the offset given the potential point gain, if any, from decreased util. That would be why the simulator produced differing results dependent upon the proposed amount of the CLI.
That said, if you incurred no HP then, as others have explained, no portion of your point loss was due to the CLI.
