@Anonymous wrote:
...There is no rhyme or reason for these fluctuations....
Hi, welcome to the forums!
Actually, for someone with good scores and clean reports, it's pretty well understood what causes these hops. (This is why so many of us live on the forums; we're figuring all this stuff out.
)
Since the scoring formula uses the balances that are reported to the credit bureaus each month, and these balances are generally the balances on your statements, you should be able (with practice) to predict these changes, and you can control them if you like. And it's not just the reported balances, it's also the number of accounts reporting balances.
But I'll bet that you're now at the point where two formulas will reward you and the third will punish you for the same action. This isn't rare at your score levels. DH's EQ and EX scores are in the low 800's, and his TU score dropped to 790-something because he had not had a balance report in over 6 months. If he does let $5 report or something next month, TU will be happy, but the other two will probably drop him. Poor dear.
Once you're in the 780's and above, the slightest feather-touch on your reports can do this.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007