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Experian Mortgage Score DROPPED for now reason

valeriethorpe81
Valued Member

Re: Experian Mortgage Score DROPPED for now reason

@LaHossBoss I'm positive, all of the Affirm accounts have been paid and closed for a while at least over 8 months.

Message 41 of 142
Birdman7
Super Contributor

Re: Experian Mortgage Score DROPPED for now reason

I think it could be a glitch as has been reported before and then typically a few days later it corrected itself in one instance, a little longer in the other.
-Our Community’s updated scoring wisdom: Link to Scoring Primer.
-For Negative Reason Codes see: CassieCard’s Score Factors thread.
-ccquest’s workbook to calculate metrics for you: Link to Workbook.

Correct Ag.Util. under 5% all times. (Oldest/avg varies. Estimates above.)
Real world mortgage maxes are: EQ5-818, TU4-839, EX2-844.

RIP:

(Everything said is JMHO and is not endorsed by FICO or MF. I have no affiliation with either, just a grateful member.)
Message 42 of 142
Birdman7
Super Contributor

Re: Experian Mortgage Score DROPPED for now reason

Everyone experiencing this craziness please keep us posted.
-Our Community’s updated scoring wisdom: Link to Scoring Primer.
-For Negative Reason Codes see: CassieCard’s Score Factors thread.
-ccquest’s workbook to calculate metrics for you: Link to Workbook.

Correct Ag.Util. under 5% all times. (Oldest/avg varies. Estimates above.)
Real world mortgage maxes are: EQ5-818, TU4-839, EX2-844.

RIP:

(Everything said is JMHO and is not endorsed by FICO or MF. I have no affiliation with either, just a grateful member.)
Message 43 of 142
tooleman694
Valued Contributor

Re: Experian Mortgage Score DROPPED for now reason

After spending a ton of time, looking back and forth I think I found it. And yes it has to be a glitch or something.

 

So on Jan 15th my Avant loan showed a balance of 1,504 on a 3600 loan at 58 percent, Jan 16th is shows 1,386 at 61 percent. Looks to me they got the percent wrong, and going from 58 to 61 on the loan cost me the 11 points. wow.........

Message 44 of 142
BrutalBodyShots
Super Contributor

Re: Experian Mortgage Score DROPPED for now reason

Is that your only open loan?

Message 45 of 142
tooleman694
Valued Contributor

Re: Experian Mortgage Score DROPPED for now reason

Nope I have 2 auto loans and 2 student loans.

Message 46 of 142
Birdman7
Super Contributor

Re: Experian Mortgage Score DROPPED for now reason


@tooleman694 wrote:

After spending a ton of time, looking back and forth I think I found it. And yes it has to be a glitch or something.

 

So on Jan 15th my Avant loan showed a balance of 1,504 on a 3600 loan at 58 percent, Jan 16th is shows 1,386 at 61 percent. Looks to me they got the percent wrong, and going from 58 to 61 on the loan cost me the 11 points. wow.........


@tooleman694 congratulations that would be it! What was your aggregate loan utilization change?

-Our Community’s updated scoring wisdom: Link to Scoring Primer.
-For Negative Reason Codes see: CassieCard’s Score Factors thread.
-ccquest’s workbook to calculate metrics for you: Link to Workbook.

Correct Ag.Util. under 5% all times. (Oldest/avg varies. Estimates above.)
Real world mortgage maxes are: EQ5-818, TU4-839, EX2-844.

RIP:

(Everything said is JMHO and is not endorsed by FICO or MF. I have no affiliation with either, just a grateful member.)
Message 47 of 142
tooleman694
Valued Contributor

Re: Experian Mortgage Score DROPPED for now reason

I am not sure, id have to do the math, but since my student loans are still upside down and I just did a car refi. I bet I am in the 90s.

Message 48 of 142
tooleman694
Valued Contributor

Re: Experian Mortgage Score DROPPED for now reason

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.

Message 49 of 142
tooleman694
Valued Contributor

Re: Experian Mortgage Score DROPPED for now reason

Also looks like I had an INQ become unscorable too.

WEBBANK/DFS
All Banks - non specific
Inquiry date: Jan 20, 2020
Removal date: Feb 2022
 
So util from 49 to 48 and lost a scorable INQ. 19 points.
Message 50 of 142
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