Experian FICO 2 score dropped 12 points

[sjt]

I noticed that my FICO 2 score dropped 12 points from 786 on Feb 28 to 774 on March 1st. 

The only change to my report was a $2K CLI on one of my cards. My total revolving debt remains at $111 (AZEO) and my total revolving credit lines went from $98,300 to $100,300. One auto loan that is currently at 65% of the loan amount. No chages to my FICO 8 scores.

Do you think it was the CLI that dropped my FICO 2 score?

[Anonymous]

No, the CLI did not drop your score. 

Something else changed on your reports that you aren't seeing.  Typically on the 1st of the month we see score increases if anything due to all age of accounts factors increasing by 1 month and possibly hitting a new threshold.  Did you have any old accounts fall off of your report, possibly reducing your AAoA?  You're sure that your number of accounts with a balance remained constant?

[sjt]

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@Anonymous wrote:

No, the CLI did not drop your score. 

Something else changed on your reports that you aren't seeing.  Typically on the 1st of the month we see score increases if anything due to all age of accounts factors increasing by 1 month and possibly hitting a new threshold.  Did you have any old accounts fall off of your report, possibly reducing your AAoA?  You're sure that your number of accounts with a balance remained constant?

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I went over my reports and nothing has changed other then my Loan balance was reduced by a payment. Nothing dropped from my report and my AAOA went up by 1 month.

[FlaDude]

I'm a bit fuzzy on the whole scorecard thing, but could going over 100k total CL have changed scorecards?

[Trudy]

I agree with @BrutalBodyShots that the CLI would not cause a decrease, even with MTG scores.  Have you reviewed the Credit Summary page.  When my EX MTG score dropped I realized I had 1 more account reporting than what I expected because one of my CC reported earlier than usual and my other cards had not reported showing paid trade lines.  So I went from 5 reporting a balance for January's close to 6 reporting for a few days in February.  When my other cards reported and showed a total of only 4 reporting after all had updated for February's close, my MTG score went back up.  It actually gained a few points from where it was before the drop.

[sjt]

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@Trudy wrote:

I agree with @BrutalBodyShots that the CLI would not cause a decrease, even with MTG scores.  Have you reviewed the Credit Summary page.  When my EX MTG score dropped I realized I had 1 more account reporting than what I expected because one of my CC reported earlier than usual and my other cards had not reported showing paid trade lines.  So I went from 5 reporting a balance for January's close to 6 reporting for a few days in February.  When my other cards reported and showed a total of only 4 reporting after all had updated for February's close, my MTG score went back up.  It actually gained a few points from where it was before the drop.

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I did a comparison of my 2.28.19 and 3.6.19 reports and the only changes are is that my car loan balance decreased and my AAOA went up by a month. 

I did look at the reasons for my score and there was a comment in March that wasnt there in February, which is that "I have too many accounts with balances". It did not change from February to March. I have one revolver with a balance of $111 and a auto loan.

[Anonymous]

FlaDude, no total credit limits are not a scorecard assignment factor. With the way some of us around here push limits, though, it's not a wild thought on your end

[Trudy]

Well that's odd.  Seems the addition of that reason code implies there was a change in # of accounts reporting if it was not present last month.

Don't want to beat a dead horse but did you check the Summary tab to see if it's different than what you expected?  I understand a side by side should yield the same information in the summary but it's a quick glance of # of accounts reporting on that day, that's not provided in the actual report other than revewing each account.  Not that you have but I have delved into my reports and simply missed something and the summary lead me to the well.

[Anonymous]

OP, if you had a negative reason statement now stating too many accounts with balances and you didn't last time (pre-score drop) but your number of accounts with balances remained the same at 2, it may suggest that for some reason one of those accounts with balances was somehow being ignored. I would think if that was the case though you would have seen a greater score drop previously with "no revolving credit use" or "no recent installment loan information" but who knows.

The bottom line is that score changes always come from data changes. The 4 things we know changes here are your CLI, your AAoA, AoYA and AoOA all growing by a month... And of course none of those things can drop a FICO score.

[Anonymous]

It's also worth noting that while 90% of the time CMS software reports match real credit reports, there are times where your real hard-copy report will have a variance to what you see online from a CMS and of course the hard-copy is what matters.