Score Jump, same day, all 3 reports

MrTom · ‎03-01-2018

I made a post an on other board, but thought this would be a better board to post to:

This morning, I seen my Experian jumped 15 points, thinking my mortgage finally posted, I checked to see if thatwas it....it was not

I then checked Equifax and Transunion, same thing they both jumed double digits.

What will cause all 3 reports to jump the same day with a score increase? Im thinking it could be aging, but different reports have different days...

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Starting Score: May 23, 2016 EQ 537 TU 518 EX 548
Recent Scores: EQ 839 TU 824 EX 821
Goal Score: 840
Current Vantage 3.0: 808
Mortgage Scores August 18 2017: EQ5 684 TU4 692 EX2 690

Anonymous · ‎03-02-2018

There could be a dozen different things that could have changed. A negative item falling off, a utilization change, an age of accounts change, an installement loan change, etc.

MrTom · ‎03-02-2018

I know it can be a dozen different things, but the bottom line is, account updates has never been on the same day, EVER. It usually takes some reports longer to update then others. I never seen all 3 reports react the same way overnight, EVER.

All I can think of is, I had 3 30 day lates from 22-24 months ago. All I can think of is, the first 30 day score hit stoped.

But I also had a Charge Off from 2 years ago that was 2 years old this year, paid in full 1 year ago.

Starting Score: May 23, 2016 EQ 537 TU 518 EX 548
Recent Scores: EQ 839 TU 824 EX 821
Goal Score: 840
Current Vantage 3.0: 808
Mortgage Scores August 18 2017: EQ5 684 TU4 692 EX2 690

thornback · ‎03-02-2018

Sounds like aging. Accounts age on the 1st of the month, regardless of the open date listed on your credit report (Transunion and Equifax list the actual, or near-actual, open date; Experian lists the 1st of the month for open dates) - so everything became a month older yesterday (3/1).

Perhaps you passed some minor age milestones.

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Current FICO 8s | 04/2022: EX 796 ✦ EQ 793 ✦ TU 790
Current FICO 9s | 04/2022: EX 790 ✦ EQ 788 ✦ TU 782
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Anonymous · ‎03-02-2018

@MrTomI know it can be a dozen different things, but the bottom line is, account updates has never been on the same day, EVER. It usually takes some reports longer to update then others. I never seen all 3 reports react the same way overnight, EVER.
All I can think of is, I had 3 30 day lates from 22-24 months ago. All I can think of is, the first 30 day score hit stoped.
But I also had a Charge Off from 2 years ago that was 2 years old this year, paid in full 1 year ago.

I find that odd, because my accounts update on the same day with all 3 bureaus all the time. In fact, I would say that the majority do and it's more rare for 1 bureau to be off a day or two from the others. That's my personal experience, which evidently is different than yours.

If you have 3 30 day lates all in close proximity of one another, it's doubtful that one being not counted suddenly would have any scoring impact. Maybe a point or two? There are dramatically diminishing returns when it comes to any number of negative items great than 1. That being said, whether you have 3 or you have 20 of them, dropping from 3 to 2 or 20 to 19 likely wouldn't make a difference if they are all about the same age. If there was a year between them or something perhaps that would matter more IMO.