Experian dropped 25 points overnight

[98Supra]

Hi all, woke up to my credit dropping 25 points overnight. The only two things I can think of are:

1) An inquiry dropped off the account in mid-May

2) I initiated a chargeback with Chase on a charge, and I see the following comments were added to the account: "Account previously in dispute – now resolved – reported by subscriber" — is this related to the chargeback, what does that mean? does it affect my credit score? 

Nothing else has changed, utilization rate is actually lower than last month and hovering at like 5%. 

Thanks for all the help! 

[SouthJamaica]

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@98Supra wrote:

Hi all, woke up to my credit dropping 25 points overnight. The only two things I can think of are:

1) An inquiry dropped off the account in mid-May

2) I initiated a chargeback with Chase on a charge, and I see the following comments were added to the account: "Account previously in dispute – now resolved – reported by subscriber" — is this related to the chargeback, what does that mean? does it affect my credit score? 

Nothing else has changed, utilization rate is actually lower than last month and hovering at like 5%. 

Thanks for all the help! 

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Where are you getting the scores from?  If you're getting them from experian.com you can compare the reports from today and yesterday and be sure.

I don't think the inquiry would account for 25 points, and I don't think a disputed charge would have any effect on your scores.

[FireMedic1]

None of those situations would cost 25 points. Where you seeing this? CK?

Disputing a charge on a card doesnt affect FICFO scoring.

[cashorcharge]

Agreed with both above....when an INQ hits the 12 month mark, your score typically goes UP and then possibly again at the 25th month when it falls off...but certainly wouldn't cause the score to drop.

[KLEXH25]

How old is your credit? When I hit 3 years last year, I dropped 30 points from a change in scorecards.

[AndySoCal]

@98Supra 

Yes, this would impact the score in a way.  At some point in time the account went into dispute.  When the account is in dispute FICO ignores most of the information which will cause the score to change from before the dispute. Now the dispute is resolved FICO is no longer ignoring the account information so the score would change back plus or minus to where it was before the dispute. The change in score will reflect the informtion on account that was updated or added as a result of the dispute.

[98Supra]

That's what the Chase rep told me. 

During the chargeback process, the credit bureau temporarily removes the account/account history from your report. Once the chargeback process is finalized, the account is then added back.

However, your credit takes a temporary hit in the process.... thanful that this happened now and not during a major purchase. It was a learning lesson.