A couple days ago, one of my credit cards reported that my balance had decreased $1039.
TransUnion FICO 8 went up 5 points.
Experian up 10 points.
Equifax wasn't having it. Didn't budge.
Today another account reported that my balance decreased $27.
Equifax jumped up 17 points. Must've crossed some kinda threshold with them.
It just cracked me up that the $1k plus decrease didn't impress them, but twenty-seven whole dollars did. Maybe it's partially a late reaction to the other decrease from the other day. Maybe seeing decreases on multiple accounts got their attention. Who knows?
Anyway, I'm happy to have everything back in the seven hundreds.
EQ8 780, TU8 748, EX8 770 as of December 29
You may have passed a utilization threshold. If you're using MyFICO the score updates don't always sync perfectly with the credit data updates and there will periodically be a lag as you're not immediately seeing all the data points that are causing the current score.
That and Equifax sucks... I hate them. Easily the most awful of the 3 majors.
@805orbust wrote:You may have passed a utilization threshold. If you're using MyFICO the score updates don't always sync perfectly with the credit data updates and there will periodically be a lag as you're not immediately seeing all the data points that are causing the current score.
That and Equifax sucks... I hate them. Easily the most awful of the 3 majors.
In the short time I've been watching, Equifax has seemed to lag behind the other two when reacting to changes. I had a 30-day-late on Eq and Ex recently dropped off. Got notifications from both on the same day. Ex score jumped that day. Eq took a few days to think about it.
@805orbust wrote:If you're using MyFICO the score updates don't always sync perfectly with the credit data updates and there will periodically be a lag as you're not immediately seeing all the data points that are causing the current score.
Yes, using MyFICO. (Also using Experian Boost and CreditKarma, but I'm talking about what I'm seeing on MyFICO here.)
I've been on less than 2 months and I've already noticed the lag you're talking about. See something that was reported across multiple CRAs get a quick reaction from one and a slower reaction from another.
@mgood wrote:A couple days ago, one of my credit cards reported that my balance had decreased $1039.
TransUnion FICO 8 went up 5 points.
Experian up 10 points.
Equifax wasn't having it. Didn't budge.
Today another account reported that my balance decreased $27.
Equifax jumped up 17 points. Must've crossed some kinda threshold with them.
It just cracked me up that the $1k plus decrease didn't impress them, but twenty-seven whole dollars did. Maybe it's partially a late reaction to the other decrease from the other day. Maybe seeing decreases on multiple accounts got their attention. Who knows?
Anyway, I'm happy to have everything back in the seven hundreds.
There are time lapses which are probably causing you to draw unwarranted conclusions. I'd be curious to know how you're getting your changes in Equifax data and your changes in your Equifax FICO scores in real time.
@SouthJamaica wrote:There are time lapses which are probably causing you to draw unwarranted conclusions. I'd be curious to know how you're getting your changes in Equifax data and your changes in your Equifax FICO scores in real time.
Notifications from MyFICO, mostly. Probably not exactly "real time," but they seem to come pretty quick.
Just got a notification from CreditKarma, after I posted here, that a personal loan I have has passed a milestone and is now over 70% paid off. So that could be something affecting scores that I didn't get from MyFICO or Experian Boost.
@mgood wrote:
@SouthJamaica wrote:There are time lapses which are probably causing you to draw unwarranted conclusions. I'd be curious to know how you're getting your changes in Equifax data and your changes in your Equifax FICO scores in real time.
Notifications from MyFICO, mostly. Probably not exactly "real time," but they seem to come pretty quick.
Just got a notification from CreditKarma, after I posted here, that a personal loan I have has passed a milestone and is now over 70% paid off. So that could be something affecting scores that I didn't get from MyFICO or Experian Boost.
That's definitely not real time. And the score change in the MyFICO alert and the data change that forms the substance of the alert are not necessarily related to each other.
@SouthJamaica wrote:
@mgood wrote:
@SouthJamaica wrote:There are time lapses which are probably causing you to draw unwarranted conclusions. I'd be curious to know how you're getting your changes in Equifax data and your changes in your Equifax FICO scores in real time.
Notifications from MyFICO, mostly. Probably not exactly "real time," but they seem to come pretty quick.
Just got a notification from CreditKarma, after I posted here, that a personal loan I have has passed a milestone and is now over 70% paid off. So that could be something affecting scores that I didn't get from MyFICO or Experian Boost.
That's definitely not real time. And the score change in the MyFICO alert and the data change that forms the substance of the alert are not necessarily related to each other.
Ok, I kinda suspected that, but it's good to have someone more experienced to back up that opinion. Thanks.
And after I thought about it for a while, I had a 30-day-late on Eq and Ex that recently dropped off. Ex score leaped up but Eq didn't change as much as I thought it should. Part of the recent 17-point jump could be a late reaction to that baddie falling off.