Help! Please help me understand

[Anonymous]

I received an alert today from MyFICO that my TU score decreased by 20 points today. It didn't give me a reason. I don't have any new debt, haven't applied for anything, my balances are about the same. It doesn't even give a reason. Are these fluctuations normal? I'm planning on buying a house in 2-3 months and I'm freaking out!

[Anonymous]

Is the myFICO product that you have the myFICO Ultimate?  It gives you a 3B report (with your mortgage scores and many other scores) every 90 days.

If you have the Ultimate, I would consider upgrading to the Premier, which will give you a report and your mortgage scores every 30 days.  Given that you are a little frantic about a home purchase coming up in the next 100 days, the Premier makes a lot of sense for you.  Somebody here can tell you how to cancel your Ultimate and upgrade to the Premier.

In the meantime, can you tell us which kind of score decreased?  I am guessing that it was your TU FICO 8 score.  The FICO 8 score is not the model the mortgage lender will use.  He'll be using your mortgage scores.

Do you have any tools for pulling your reports frequently?  (These are different from your scores.)  If you haven't signed up for Credit Karma, you should do that.  It is free.  You can ignore its scores, but Karma will give you fresh copies of your TU and EQ reports as often as once a week.

Do you have much experience going over your reports in detail?  If not, you need to get used to doing that ASAP.

Until you have done that, and can describe what your report (as of today) says, the folks here won't be able to speculate about what might have caused a score drop.  They will be glad to help you with tips and tricks for getting your scores up as quickly as possible in support of your home purchase.

[HeavenOhio]

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@Anonymous wrote:

Is the myFICO product that you have the myFICO Ultimate?  It gives you a 3B report (with your mortgage scores and many other scores) every 90 days.

If you have the Ultimate, I would consider upgrading to the Premier, which will give you a report and your mortgage scores every 30 days.  Given that you are a little frantic about a home purchase coming up in the next 100 days, the Premier makes a lot of sense for you.  Somebody here can tell you how to cancel your Ultimate and upgrade to the Premier.

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I haven't actually gone through this process myself, so someone here can likely offer more detail. But the upshot is that you should…

1. Save all of the reports that your current subscription has kept for you. The next step will cause them to disappear.
2. Call myFICO and cancel Ultimate. Tell them you want to cancel immediately because you want to switch to a "different product" (use those words). DON'T tell them that you want to switch to Premier. Customer support will tell you that Premier isn't available, even though it is.
3. Subscribe to Premier by going directly to this page:
   http://www.myfico.com/Products/FICO-Premier-3B/

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@Anonymous wrote:
Do you have any tools for pulling your reports frequently?  (These are different from your scores.)  If you haven't signed up for Credit Karma, you should do that.  It is free.  You can ignore its scores, but Karma will give you fresh copies of your TU and EQ reports as often as once a week.

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In addition to the two reports that Karma provides, you can also get a monthly Experian report from freecreditscore.com.

[NRB525]

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@Anonymous wrote:
I received an alert today from MyFICO that my TU score decreased by 20 points today. It didn't give me a reason. I don't have any new debt, haven't applied for anything, my balances are about the same. It doesn't even give a reason. Are these fluctuations normal? I'm planning on buying a house in 2-3 months and I'm freaking out!

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Do you have any sort of late payment or charge offs in your past? Those can cause unexpected swings in score.

What is your MyFICO TU score?

[Anonymous]

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@Anonymous wrote:
I received an alert today from MyFICO that my TU score decreased by 20 points today. It didn't give me a reason. I don't have any new debt, haven't applied for anything, my balances are about the same. It doesn't even give a reason. Are these fluctuations normal? I'm planning on buying a house in 2-3 months and I'm freaking out!

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This just happened to me a few days ago as well. I have been checking daily for changes and there's nothing else. 

I posted about it, but no one responded, so I thought it was just me.

How often do you pull your TU and how many hard inquiries do you have?

[NRB525]

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@Anonymous wrote:

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@Anonymous wrote:
I received an alert today from MyFICO that my TU score decreased by 20 points today. It didn't give me a reason. I don't have any new debt, haven't applied for anything, my balances are about the same. It doesn't even give a reason. Are these fluctuations normal? I'm planning on buying a house in 2-3 months and I'm freaking out!

---

This just happened to me a few days ago as well. I have been checking daily for changes and there's nothing else. 

I posted about it, but no one responded, so I thought it was just me.

How often do you pull your TU and how many hard inquiries do you have?

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Do you have any negatives still showing on your reports? If so what are the age of those?

Sudden drops in score seem to be caused by: Re-calculated baddies, paying a last installment loan to zero, a spike in utilization, or new accounts appearing. The last three are fairly obvious to the person, the first is not.

[Anonymous]

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@HeavenOhio wrote:

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@Anonymous wrote:

Is the myFICO product that you have the myFICO Ultimate?  It gives you a 3B report (with your mortgage scores and many other scores) every 90 days.

If you have the Ultimate, I would consider upgrading to the Premier, which will give you a report and your mortgage scores every 30 days.  Given that you are a little frantic about a home purchase coming up in the next 100 days, the Premier makes a lot of sense for you.  Somebody here can tell you how to cancel your Ultimate and upgrade to the Premier.

---

I haven't actually gone through this process myself, so someone here can likely offer more detail. But the upshot is that you should…

1. Save all of the reports that your current subscription has kept for you. The next step will cause them to disappear.
2. Call myFICO and cancel Ultimate. Tell them you want to cancel immediately because you want to switch to a "different product" (use those words). DON'T tell them that you want to switch to Premier. Customer support will tell you that Premier isn't available, even though it is.
3. Subscribe to Premier by going directly to this page:
   http://www.myfico.com/Products/FICO-Premier-3B/

---

@Anonymous wrote:
Do you have any tools for pulling your reports frequently?  (These are different from your scores.)  If you haven't signed up for Credit Karma, you should do that.  It is free.  You can ignore its scores, but Karma will give you fresh copies of your TU and EQ reports as often as once a week.

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In addition to the two reports that Karma provides, you can also get a monthly Experian report from freecreditscore.com.

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How do you save everything.   The premiere gives you more for the same price.  But I dont want lose a years worth of info

[SouthJamaica]

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@Anonymous wrote:
I received an alert today from MyFICO that my TU score decreased by 20 points today. It didn't give me a reason. I don't have any new debt, haven't applied for anything, my balances are about the same. It doesn't even give a reason. Are these fluctuations normal? I'm planning on buying a house in 2-3 months and I'm freaking out!

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1. It never gives reasons.

2. The only way to know why it decreased is to compare the TU reports before & after.

[HeavenOhio]

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@Anonymous wrote:
How do you save everything.   The premiere gives you more for the same price.  But I dont want lose a years worth of info

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Choose "Reports" from the menu. Open up a report. In the upper righthand corner of the report, click "Printable Version." In the upper righthand corner of the printable report, you can choose to "Save As PDF" or "Print." Repeat for each report.

[Anonymous]

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@NRB525 wrote:

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@Anonymous wrote:

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@Anonymous wrote:
I received an alert today from MyFICO that my TU score decreased by 20 points today. It didn't give me a reason. I don't have any new debt, haven't applied for anything, my balances are about the same. It doesn't even give a reason. Are these fluctuations normal? I'm planning on buying a house in 2-3 months and I'm freaking out!

---

This just happened to me a few days ago as well. I have been checking daily for changes and there's nothing else. 

I posted about it, but no one responded, so I thought it was just me.

How often do you pull your TU and how many hard inquiries do you have?

---

Do you have any negatives still showing on your reports? If so what are the age of those?

Sudden drops in score seem to be caused by: Re-calculated baddies, paying a last installment loan to zero, a spike in utilization, or new accounts appearing. The last three are fairly obvious to the person, the first is not.

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I had 3 lates on a now paid off student loan in 2014, two tradelines (so 6 by reporting). It has not been updated since it was paid in full in 2015.

I also have 9 missed payments on a student loan I defaulted on with ACS in 2012, has been paid in full since Aug 2014 (also lists that as last update). This tradeline is still listed as negative, but closed with a 0 balance, making it look like it's charged off. I'm working on that. It shows up as $55/mo in my monthly payment calculation and is picked up by various credit monitoring sites as being currently deliquent. 

What about you OP? Is there anything we have in common? I haven't seen these swings from EX or EQ; both of which have invalid paid collection trades I'm trying to shake off.