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Score decline

newfossil
Valued Contributor

Score decline

I just got an alert that my score went down 43 points. Nothing changed except. My oldest card turns 3 years this month and I recently closed a card that should not have effected my utilization. Does it hitting 3 years change things or did I shoot myself in the foot by closing a $200 secured card?




Starting score - May 2018

April 2021

AAoA - 1 year 6 months
Message 1 of 4
3 REPLIES 3
AllZero
Super Contributor

Re: Score decline


@newfossil wrote:

I just got an alert that my score went down 43 points. Nothing changed except. My oldest card turns 3 years this month and I recently closed a card that should not have effected my utilization. Does it hitting 3 years change things or did I shoot myself in the foot by closing a $200 secured card?


Yes, segmentation factor at 3 years AoOA.

See message one and four of primer.


From Birdman7
General Scoring Primer and Version 8 Master Thread, pub.5.17.20

Message 2 of 4
newfossil
Valued Contributor

Re: Score decline

Thank you




Starting score - May 2018

April 2021

AAoA - 1 year 6 months
Message 3 of 4
Mr_Mojo_Risin
Valued Contributor

Re: Score decline


@newfossil wrote:

I just got an alert that my score went down 43 points. Nothing changed except. My oldest card turns 3 years this month and I recently closed a card that should not have effected my utilization. Does it hitting 3 years change things or did I shoot myself in the foot by closing a $200 secured card?


This happened to back in September.

My oldest account turned 3yrs and I also added an auto loan and CC, I got absolutely destroyed. I lost 80 points on TU and 70 I believe on EQ. EX was lower than those 2.

Other members have had posts about this happening to them as well.

@AllZero  gave you an excellent link to research this.

NFCU More Rewards 24K CL
AODFCU Visa Signature 5K CL
NFCU Cash Rewards 4K CL
Discover IT 1.5K CL
Cap1 Quicksilver 600 CL
NFCU auto loan
Message 4 of 4
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