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Experian 28 point Drop?!

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Girlzilla88
Valued Contributor

Re: Experian 28 point Drop?!

@ccquest    When I first got my malibu (financed)   @Anonymous     Informed me there is a 3 year chart that I probably started on and now I am on the lower level of that chart which is likely what caused the decrease.    







Message 11 of 27
ccquest
Established Contributor

Re: Experian 28 point Drop?!

Definitely should be an installment loan then, not sure what the 3 year chart is though. But if it was previously showing open and now closed, it probably caused a large change in your loan utilization which doesn't have as many thresholds as revolvers.
as of 1/1/23
Current Cards:
Message 12 of 27
Anonymous
Not applicable

Re: Experian 28 point Drop?!

It was the scorecard reassignment from young to mature.
Message 13 of 27
SouthJamaica
Mega Contributor

Re: Experian 28 point Drop?!


@Girlzilla88 wrote:

Ok I know CB scores fluctuate I get it but this is super random is anyone else having a random pretty big drop with Experian Today?!   I don't have any lates, no new accounts, I actually paid off one of my credit cards end of last month as well as made other large payments, no collections....so I am racking my brain trying to figure it out what made it drop that much?!      Is it just me?!


On experian.com you can compare your credit reports from the day of the score drop and the day before. You should put both screens up, and compare everything. Dollars to donuts you'll see something different.


Total revolving limits 568220 (504020 reporting) FICO 8: EQ 689 TU 691 EX 682




Message 14 of 27
Anonymous
Not applicable

Re: Experian 28 point Drop?!

Yes the first one will say 2 years 11 months age of oldest account and the second one will say 3 years. 😉
Message 15 of 27
Girlzilla88
Valued Contributor

Re: Experian 28 point Drop?!

@SouthJamaica    LOL How do I do that?!







Message 16 of 27
SouthJamaica
Mega Contributor

Re: Experian 28 point Drop?!


@Girlzilla88 wrote:

@SouthJamaica    LOL How do I do that?!


When you're on the "Credit Reports" page, towards the upper right there's a window to the left of "Print Report" which has a drop down menu for the different date reports. Click the report you want.  Set each report up in a separate tab or window, and compare.

 

 


Total revolving limits 568220 (504020 reporting) FICO 8: EQ 689 TU 691 EX 682




Message 17 of 27
Girlzilla88
Valued Contributor

Re: Experian 28 point Drop?!

@SouthJamaica     Oh that I have done I thought there was a way to do a literal side by side comparison, but nope, UTL was the same, No new Inquiries, no lates, collections, everything still paid on time it's literally just that Nov from 2017 hitting on the Nov 1st 2020 that was the noticeable difference Smiley Happy







Message 18 of 27
Girlzilla88
Valued Contributor

Re: Experian 28 point Drop?!

Also clicking on the Score Ingrediants the Age part also confirms 1 year 9 months for average age and 3 years AoOA.  Smiley Very Happy







Message 19 of 27
Girlzilla88
Valued Contributor

Re: Experian 28 point Drop?!

@Anonymous and @SouthJamaica    So nail on the head just wanted to confirm for DPs but the October 30th report says 2 years 11 months and the Nov 1st report says 3 years for AoOA LOLOLOL everything else the same :3







Message 20 of 27
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