Score Drop

[Anonymous]

So, been slowly raising my credit profile from complete trash when something odd happened a few days ago. My EQ score dropped from 705 to 676, listed reason being. "You have past due amounts on your account." While yes, this is true the only ones on my account are from 5 years ago now and I'm not seeing any reference to a new account being past due(100% sure I'm current on any present billing).

Anyone have any clue why all of a sudden I would get a big score drop without any referenced account? Note this has been a few day's now and I haven't noticed  a hit on my other scores.

[Anonymous]

What are you using to monitor your reports?  Are those FICO scores?  Are your other two scores relatively the same?  If so if you look through your report data and compare everything you should be able to see something pretty obvious that is causing your score with the one bureau to be 30 points or so less than the other two.  What has changed recently with respect to your reports?  A 30 point drop is pretty characteristic of a few things, such as paying off all credit cards and reporting all zero balances or paying off your only installment loan.  Did you do either of these things and perhaps the new reported data only hit one bureau so far?

The reason code you are getting for the account with a past due doesn't have to be recent.  I get that same reason code and it's been 4+ years since I've been late.  I'm convinced it will remain there until the negative drops off.  If you had another recent late payment your scoring hit would have been > 30 points IMO, probably more like 50, so I really don't think that's the issue at hand here.

[Anonymous]

I'll say up front my not worried or panicking over this just confuzzled.

I did pay off a few of my balances about 3 weeks ago that got reported to my eq score that resulted in my score going up, so it would seem weird to me that they would now cause my score to drop. I won't deny that score was out of whack compared to others and resulted in me probably getting some favorable credit options.

EQ 674 ( Lower then I originally posted because of a Discover pull this was after drop but before I noticed it. Got a Discoverit with a $2500 CL )
TU 656
EX 668

Edit: I pull my scores from myFICO.

[Anonymous]

When you paid off a few of your balances did it result in all zero balances reported?  Because, if so, that would result in a score drop.  Perhaps as you were paying them off and they were reporting 1 by 1 you saw score increases which could be expected, but once the last one reports zero (along with all other zeros) a score drop always happens.

[Anonymous]

I always keep at least one account with a running balance.

[Anonymous]

You said you opened a Discover account.  Was that the only account you opened?  When was the last time you opened an account prior to that one?

How thick is your file?  On a thin file, it's not out of the question that opening a new account between the inquiry, "new account" and possible AAoA reduction that you could see a decent score drop, but it will usually rebound pretty quickly, within 6 months or so.