Discover Card score vs. myFICO scores

[NRB525]

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@Anonymous wrote:

It says:

1. PROPORTION OF LOAN BALANCES TO LOAN AMOUNTS IS TOO HIGH

The balances of your non-mortgage installment loans (such as auto or student loans) are high compared to your original loan amounts. As you pay down your loan your balance decreases, which reduces the proportion.

2. LACK OF RECENT REVOLVING ACCOUNT INFORMATION

Your report shows no open or recently reported revolving credit accounts. People responsibly using different types of credit are generally less risky to lenders.

I don't understand why either of these would cause my Discover score to suddenly drop nearly 100 points:

1) The only loans I have are student loans, I've NEVER missed a payment, and the balances have been going down steadily for years.

2) I use the same credit cards for the same things every month, so it's not true that I have "no open or recently reported revolving credit accounts."

And as I mentioned, my myFICO scores didn't drop at all. They're still in the 800s, where they've been for several years. So what's going on with Discover?

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This makes me think you've got something missing in what Discover is gathering.

Can you list out all your credit cards, CL, and what each card reported on its last statement?

If there's only one card reporting a balance, and that card somehow is not flowing through correctly to the data that Discover is seeing, then you would have zero cards reporting a balance, and that might explain the score drop.

If you do only have one card reporting, one experiment might be to let another card, from a completely different bank, report a balance and see what the Discover score does.

[Anonymous]

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This makes me think you've got something missing in what Discover is gathering.

Can you list out all your credit cards, CL, and what each card reported on its last statement?

If there's only one card reporting a balance, and that card somehow is not flowing through correctly to the data that Discover is seeing, then you would have zero cards reporting a balance, and that might explain the score drop.

If you do only have one card reporting, one experiment might be to let another card, from a completely different bank, report a balance and see what the Discover score does.

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I have two credit cards that I use every month and a third card that I use approximately every other month. So in any given month, I'll always have at least two cards (and sometimes three) with balances. The balances are always well below my credit limits, and I usually pay them off in full every month. So I'm still baffled by this sudden 100-point drop in one score while the others remain the same.

But thanks to everyone for the info. At least I know I'm not the only person this has happened to.

[NRB525]

And all three cards report those balances on their statement? Not paid prior to statement print?

[Anonymous]

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@NRB525 wrote:

And all three cards report those balances on their statement? Not paid prior to statement print?

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Yes, at least two cards always show a balance on the statement, and sometimes all three do.

[bdhu2001]

I am beyond puzzled and disappointed to hear this.  My Discover and FICO have always been spot on.  Recently my TU 08 went up on myFICO and I was planning on canceling my subscription since I can get the TU score from Discover.   It appears that something has changed at Discover.