EQ dropped 38 points with no change in report?

[Anonymous]

I received a scorewatch alert recently that my score has dropped 38 points and was not associated with any change in my credit profile/history. So I went from 692 to 654 with no clue as to why. I've scoured my report for subtle changes, but can't find any.

No collections, no bankruptcy, no recent late payments (oldest is 4+ years), no new accounts recently, no recent balance increases, no CL decreases, etc etc. I think you get the picture. There has been absolutely no change in circumstances from February to March.

Any ideas? I simply need SOME kind of reason, otherwise I'll start to think scores are assigned randomly and/or designed to keep us down. Which I might add, wouldn't surprise me in the least.

[Anonymous]

IF you have any collections or charge off accounts look to see if they have updated the account. This could have dinged you. 

Also, if all of your credit card accounts are reporting a 0 balance, this can ding you too. 

It's not a conspiracy in the scoring module. There is something you are missing, a date change, status change of an account, balances, etc. 

[Anonymous]

I don't have ANY collections or charge offs. The only negative history I've ever had were some lates. My balances total approximately 9% of my total available credit.

I'll look again, but I have credit reports for Feb and March. I did a scorepower in Feb and then again in March, once I saw my score dropped so drastically. I've done side by side comparisons, line by line.

Nothing conspicuously negative has occurred at all(either in my credit report or by my actions). That's why it's so puzzling.  

[Anonymous]

Hmm, Any chance an account was closed and you just havne't been notified of it yet?

[Anonymous]

I didn't close any and I see no reason any of my creditors would have. Some haven't had activity for a while. I'll just wait it out I suppose. Sometimes the reports and scorewatch aren't quite in sync. Maybe it'll become clear as updates are made this month.

My hope is that it will just bounce back this month. I've seen my score bounce around before (-points one week, + the same amount next week) although usually just 15 points or so, not 38!

[Anonymous]

What did the SW alert say?

When you compare the reports side by side, check dates.

[marty56]

Check to insure that the same CCs reported a balance   I lost 25 points back in January because a different card reported 1% util than the previous month.

Both months had 1% util on a single card.  I never figured out why the drop occured othere than I used a different CC.

[llecs]

Your last EQ report was pulled in March. When was your SW alert?

[Anonymous]

clarkkent, I had a similar  thing happen to my EQ Feb/March, my score went from 675 to 643 on 2 alerts within 4 days of one another. My gut instinct is that the 'credit watch' preferences which were set to notify me when my cc balance increased by a certain %. When one of my cc balances went from $25 to $165 it reported a 560% increase..ergh! Maybe that triggered something? I've since paid the balance back to $20, and set the preferences to '0' so I'll be curious to see if it moves up again..very frustrating. That was absolutely the ONLY change on my report.

[PayingTheBills]

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@Anonymous wrote:

I didn't close any and I see no reason any of my creditors would have. Some haven't had activity for a while.

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One of the postives listed on my report summary is "recent use of credit cards" or something to that effect.  If you've shown a period of "inactivity" (however FICO defines that), maybe there is a ding for it?

weird though... definitely keep us updated.