@Anonymous wrote:So then the student loan was your only active installment?
Likely? I'm not 100% sure I don't see the self lender but I do know it's open. And I make my first full payment on the 1st. I paid the 9$ to open the acct and have money send to the cd.
OK -- if self-lender hasn't reported yet -- then that makes your student loan your only active installment (we can only consider items that are currently listed on your reports). Paying off your only installment will drop your scores (I still think 50 points is more than average but every profile is different). Once your self-lender reports, you should see a bit of a score boost from it.
Have you used your cards lately? The change in utilitazation could have dropped it.
30 day post DC
60 days post DC
94 days post DC
@Anonymous wrote:I'm not sure what this is. I pay the 29.99 (I believe that's how much it is anyways) it updates my score when something changes may not be daily but frequently
Maybe it's just their CreditWorks Premium that offers the daily EX scores and reports -- that's the one I have and I get an updated EX report and score every day... so it's quite easy to figure out what caused any changes to my score.
When you're only updated monthly or when an alertable event occurs, the score change can be a combination of things that happened since the last time the score was pulled -- so it makes it very difficult to figure out the exact cause.
@Azuieldrago wrote:Have you used your cards lately? The change in utilitazation could have dropped it.
That would take util going up 50% on a card and losing ones own installment loan to get hit that much.
@AnonymousI believe like @thornback said. Losing the only installment loan did you in. I lost 38-42 pts when I paid my truck off. Once Self kicks in. You'll regain some points. Your missing the peice of the credit mix pie. An open installment loan. Sucks that we take a loan. Pay it off on time and then get hammered when we pay it off.
I kid you not I woke up to this... nothing changed it just randomly said 5 point increase... I'm starting to not believe Experian maybe stick with myfico.com scores only
@Anonymous wrote:
I kid you not I woke up to this... nothing changed it just randomly said 5 point increase... I'm starting to not believe Experian maybe stick with myfico.com scores only
Experian is a great service Your reports are going through a lot of changes right now and with that comes score fluctuations - this service is alerting as it happens - there is no reason to "not believe" it.
@FireMedic1 wrote:
@Azuieldrago wrote:Have you used your cards lately? The change in utilitazation could have dropped it.
That would take util going up 50% on a card and losing ones own installment loan to get hit that much.
I figured something like that. Had to ask you know. Since it is/was a possibility. Should have clarified as helped lower. Not worded it as a singular.
Here is from myfico.com 🤦🏼♂️🤷🏼♂️ I'm so confused even more what to believe!!!