Score dropped when it should have increased_why?

[arwin10]

My credit score dropped today and the reason given: Credit history was too short.

I have history going back to the 1970's, so that makes no sense. Also I paid down credit card balances last month so I expected an increase.

Any ideas why this may have occurred?

[user5387]

Need more information about current developments in your credit history.

[llecs]

Is this a 5 point drop as indicated in your siggy? Did anything change like balances?

ETA....are you certain those paid down balances are showing on your reports now?

ETA2....were any of the paid off items closed accounts? 

[arwin10]

I am not certain that the payments were reported. I do konw that one of them is on there.

None of the accounts was a closed account. I do have one closed account that I am paying down but ithas been there for awhile.

I will wait unitl the mext adjustment and see what happens. My utilization dropped from 82% to 70% but it has probably not all

been reported.

[arwin10]

I now see that there is an inquiry on there from 12/19. That could be a reason for the score to drop.

The issue that I was confused about was the statement that my credit history was too short.

[Revelate]

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@arwin10 wrote:

I now see that there is an inquiry on there from 12/19. That could be a reason for the score to drop.

The issue that I was confused about was the statement that my credit history was too short.

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Credit history being too short is one of those unarguable statements which sometimes get tossed onto the report card for reasons your score isn't higher.

That's one to just unilaterally ignore, I've received it at 6 months where it's probably legit, and others have received it with 20 years because they didn't have enough other negatives to come up with the sufficient 4 reasons.