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@tooleman694 wrote:Mortgage EX score up 19 point this morning, only change was one card reporting lower balance bringing my total util from 49 to 48. The weird thing was my EX Fico 8 score didn't change. Seems like a huge jump for just changing a util tier.
@tooleman694 can you give the exact utilization numbers to two decimal points please? Are you doing the math yourself or are you relying on the frontend/CMS?
@tooleman694 wrote:Also looks like I had an INQ become unscorable too.
WEBBANK/DFSAll Banks - non specificInquiry date: Jan 20, 2020Removal date: Feb 2022So util from 49 to 48 and lost a scorable INQ. 19 points.
@tooleman694 OK so it may be conflated, again what are the exact utilization numbers, please?
On Jan 20th it was
Credit used
I may have a similar problem. I have been monitoring my reports almost daily for four months now and in that period have reduced revolving debt from 72% to 45%. My score has progressively increased every month then bam FICO-2 dropped on Experian 28 points in one day (1/20 - 1/21). No new accounts, credit inquiries, late payments or debt. FICO-8 stayed the same at 716 but FICO-2 dropped to 641. The only thing I can think of is that I had a dispute statement removed from my account, but I thought that does not impact my score. I called Experian and MyFiCO but no one could explain it. They kept referring to a late payment from a few years ago but that is not new and has not changed on my report. I am at loss and upset about this. I have been working so hard at this and it has been satisfying seeing the gradual improvements until now.
You would have to go through your credit report before and after the score change and identify any/all differences. Score changes come from data changes, so there must be variances between the two reports.
Thanks for the reply. I compared the reports line by line and the only change was that (2) consumer statements were removed. All other items are exactly the same.
EX must have been up to something on the 21st.
Unfortunately a glitch may be the case, but Experian or FICO were unable to tell me why this happened. Also, one slight correction in case anyone is having similar issues. The drop happened on 1/22.
@Anonymous If both accounts were in dispute and the dispute comments were removed that would account for the change in the score. While an account(s) are in dispute they are not fully factored in the FICO score. The reason is simple FICO does not know what is being disputed and what information if any is incorrect. Look at your credit report before the account(s) were disputed and now. This will give you an idea what impact may have had on your score. Keep in mind other things also have changed as well that may be impacting the score.
@AndySoCal thanks for the response. The 2 disputes actually closed three months ago. What changed was that I had the Customer Comment removed that from the disputes that stated "Dispute resolved – consumer disagrees". I went through the reports for a 3rd time an nothing else changed.