Score drop of 40 on TU w NO 'real' changes except "accounts #"

[creditmonger]

Please take a careful look at the side by sides and help me understand how the two (2) accounts categories could be so impactful (because what else is on here that changed)?  Baffling. Please advise. Thanks. 

[creditmonger]

PS. Nothing changed w any of my limits so utilization was also exactly the same. 

Thanks again. 

[DollyLama]

It appears to be 3 accounts have been closed, either by you, credit grantor or payoff. If any of the closed accounts have a balance still, your utilization for that account will be 100% until it is paid in full and will ding your score.  Also they could have been very much older accounts affecting your Oldest Age of Accounts along with Average Age of Accts (depending the difference can ding your score). The appearance of 3 new accounts will greatly reduce your average age of accts (ding your score), unless you have an extremely thick profile with very long credit history. Appears the 10 inquiries since August in your siggy 20 vs 30 (these hard pulls?) have been already reported before these two reports of just a few days apart. 

[creditmonger]

Unfortunately no. 

Neither I nor my creditors have closed ANY accounts recently---nothing---let alone the closing of an count w a balance. 

Any OLD account was very old, at least ten years, and was closed at my request and w a ZERO BALANCE, 10 years ago. 

And although all most of my accounts are indeed within the last two years they've all been reported and reporting immediately so its not as if they all of sudden reported in that window of four (4) days recently. 

And all inquiries have been reporting since the initial inquiry. They just didn't all show up last week. 

I cant stress enough that ther was literally nothing of substance that changed within those four days. 

Thoughts. And thanks for your input. 

[creditmonger]

Ps. I averaged out the # of inquiries between the three bureaus as I did w the score for brevity's sake. 

[Kree]

Looks like 3 old accounts fell off.  Did you AAoA go down severely?

[SouthJamaica]

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@Kree wrote:

Looks like 3 old accounts fell off.  Did you AAoA go down severely?

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I think you're right. 3 old closed accounts dropped off. Probably dropped (a) average age of accounts and (b) age of oldest account.

[creditmonger]

40 points for three old closed accounts?  If those three  were my only older closed accounts I might stomach that but there's probably ten more closed but still showing on T/U from that era. 

And I still have a 25 year old student loan and 15 year mortgage reporting---both still open and active. 

Thoughts and thanks. 

[creditmonger]

Update:

Spent a dollar to get the T/U FICO version this morning and although the dropped accounts did indeed affect AAoA to go from 5 years to 3.6 the actual score held steady at 721. 

Thanks for your input. Greatly appreciated. 

[Anonymous]

People are having to speculate and make tentative inferences because they lack the actual reports (all they have is a high level summary of some of the data on the reports -- a summary which is certainly incomplete and could also be incorrect in places as well).

What they have managed to conclude with some certainty is that three very old accounts fell off.  This can affect some crucial areas.  "Age of Oldest account" is a crucial scoring factor, for example.  If one of the accounts that fell off was 21 years old (just to pick a number) and the accounts that remain are all much younger, that could affect your score a lot.

If the accounts that fell off had been helping your "credit mix" (compared with the accounts that remained) that would also affect your score.

Can you remind us what scoring algorithm is being used in your initial post?