I'm looking for some help/understanding on why my score went down 12 points. I don't plan on financing anything just confused. Nothing shown here would indicate why to me. I know I'm asking for advice without giving a full scope of my finances, but I simply can't many sense of it.
Score changes aren't always directly correlated to credit reporting events. It's just that a change to your report triggers an updated report and if there was a score change in the interim, it gets that updated score as well.
It's really hard to speculate without seeing the complete before and after picture. A couple of things that may be causing it that I can just pick out from that picture: The delinquent account may have been one of your oldest. I've seen where an account that had lates on it drop off and actually drop a score because there are other accounts with similar lates still on the profile. The effect of the AAoA dropping caused the dip. The other is that I noticed balance decreases. Did you happen to pay all of your revolving accounts to $0? If that's the case you are incuring the all zero penalty which usually costs one around 15-25 pts. I could be completely off on both of these guesses, but just a couple of things to throw out there from what I saw.
My first thought mirrors what @Ficoproblems247 wrote above; your AAoA went down which hurt your scores a bit.
@Anonymous wrote:first, thank you all for the super quick responses, I disputed something on Transunion because it showed an account that was active but wasn't updated in 2-3 years and the account just didn't exist. My assumption was that maybe one of my current accounts, account numbers changed and they just never updated it, but I didn't think of the AAoA causing the dip, that is a good point. I definitely do not have all my cards to 0 lol. From my time on this forum, I've learned less than 10% on one while the rest are at zero is optimal.
A quick modification to your final sentence:
- From my time on this forum, I've learned less than 9% on one while the rest are at zero is optimal.
That one percent can make a pretty big difference.
