Freaking Out over Score Drop!

MrsKD · ‎09-10-2014

So Chase just transferred my loan to a new servicer (that I have yet to be able to get into contact with). Well that cost me 33 points!!!! WTH I have been working so hard to fix my credit then this! Dropped me back onto the high 500s. Now I'm worried about AA from Barclays or Bank of America. I am so stressed now!

Starting Scores (Oct 2013): EX 520, EQ 535, TU 560
April 2014 Scores: EX 633, EQ 620, TU 616
June 2014 Scores: EX 648, EQ 626, TU 631

vanillabean · ‎09-10-2014

A lender once transferred my mortgage to another branch of itself, thereby creating duplicate entries in my credit reports, lowering my average age of accounts. To keep my cortisol level down, I have been on a strict diet low on caffeine ever since. A good laugh helps too, so as the doctor said, it's like settling for a kiss from a hooker!

The Long, Twisted History of Your Credit Score

MrsKD · ‎09-10-2014

Ha! It is hard finding the humor in this situation but your post helped. This apparently is a common practice so FICO really needs to address it.

Starting Scores (Oct 2013): EX 520, EQ 535, TU 560
April 2014 Scores: EX 633, EQ 620, TU 616
June 2014 Scores: EX 648, EQ 626, TU 631