@Anonymous wrote:Hey everyone,
I've been rebuilding my credit over the last year and a half after a job loss. I finally reached a 652 up until yesterday when my Experian FICO 8 tanked -14 points with only 3 POSITIVE changes to my credit report:
1. My credit utilization decreased by 1% (from 12% to 11%)
2. My revolving debt decreased by $242
3. The total overall balance on all accounts decreasedDoes this make sense to anyone else?? Maybe I simply don't understand this scoring model? I've really been working hard and I know 14 points may not seem like a lot to most people, but I was on my way to a "good" credit score. I'm just so disappointed and confused about this setback.
Something else caused it, but without comparing the reports from the day of the change and the day before, you won't be able to tell what.
@SouthJamaica wrote:
@Anonymous wrote:Hey everyone,
I've been rebuilding my credit over the last year and a half after a job loss. I finally reached a 652 up until yesterday when my Experian FICO 8 tanked -14 points with only 3 POSITIVE changes to my credit report:
1. My credit utilization decreased by 1% (from 12% to 11%)
2. My revolving debt decreased by $242
3. The total overall balance on all accounts decreasedDoes this make sense to anyone else?? Maybe I simply don't understand this scoring model? I've really been working hard and I know 14 points may not seem like a lot to most people, but I was on my way to a "good" credit score. I'm just so disappointed and confused about this setback.
Something else caused it, but without comparing the reports from the day of the change and the day before, you won't be able to tell what.
This.
OP, go back and compare your reports line by line.
