Major score drop

[Anonymous]

So I monitor our credit here but also on credit karma. We’re building a home and repairing our credit at the same time. Today, out of no where, my husbands Equifax score dropped by 48 points! It says there were 43 changes. Several account balances decreased but the strange thing is every auto account over the past 10+years and tons of inquiries were removed. I have no idea how or why. We’re freaking out about this drop as it took his score below 580. We had gotten it up to almost 630 over the past couple of months. Any chance it will go back up??

[pizza1]

If your alerts came from credit karma I would take them with a grain of salt, and not worry a bout it. If the alerts came from FICO, then Id pull your reports from each of the CRA TU, EQ, EXP and see what changed.

[Anonymous]

That’s what I’m telling myself. So far no change on my fico. I even pulled a new Equifax report today on my fico and nothing changed.

[Anonymous]

My Venture went from 17% UTI to 46%. Creditkarma scores both dropped 29 points each. My EX FICO 8 dropped 6 points, same with TU FICO 8. EQ FICO 8 only dropped 2 points.

Forget CK scores.

[atarvuzdar]

Strange stuff happening for some people @ CK lately with accounts/inq's being removed. Not sure what's going on over there. I think the issue is probably on their end but (of course) stay vigilant--seeing something like that happen is enough to cause understandable panic in anyone!

Hoping it's just some CK nonsense - good luck to you and your husband on your new home build and your credit journey!

[arkane]

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@Anonymous wrote:
My Venture went from 17% UTI to 46%. Creditkarma scores both dropped 29 points each. My EX FICO 8 dropped 6 points, same with TU FICO 8. EQ FICO 8 only dropped 2 points.

Forget CK scores.

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+1

CK uses VantageScore 3.0, which I think no lender uses currently. It's useful to keep track of trends but that's about it. For reference my FICO 8 scores are 50-55 points higher than my CK scores.