Score going up and down why?!!!

[Anonymous]

@DollyLama
That is a closed account with no balance it was only open for 2 days. And I did not even receive the card to use it. And no this is my second report for my police and fire card. So it’s because the age?

[DollyLama]

I would think it does affect it. Say your age of your other two accounts were 2 yr, and 1 yr,  your average age of accounts would be 1.5 years old, then a new one would be 0 months, dropping it even further.

[Anonymous]

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@SouthJamaica

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You probably do not know that the 28 point increase was attributable to the utilization drop from 9% to 7%. It is highly unlikely that it was.

It is 100% certain that decreasing your utilization from 7% to 1% did NOT decrease your score.

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I agree on the move from 7% to 1% utilization not decreasing the score of the OP.  A 28 point increase though from a 9% to 7% change in aggregate utilization isn't out of the question.  If by 9% the OP was really at 9% or 9.X% and he's rounding it to 9%, that's above the 8.9% threshold and taking it down to 7% of course crosses that threshold.  I would expect the point gain to be more around 15-20 points, but perhaps 28 is still within grasp, especially if there was another slight event that happened at the same time such as AAoA crossing a threshold, an inquiry aging past 365 days, etc.

[Anonymous]

 Ciera97,  where are you getting your credit score from?   Are you sure it is a Fico score?

[Anonymous]

@Llewelyn I had an discover credit card so I get it from them.

[Anonymous]

@DollyLama so my credit score will keep getting affected until my newest account is at least a year old?

[Anonymous]

1)  Are  you an authorized user  of any of your credit  cards?

2) What exactly were the balances on your credit cards on the report   when your  score  increased by 28 points?      You said that the card which now reports  $52, had  a $328  balance. Any balance on the other cards?

[Anonymous]

@Llewelyn
I am not an AU on any credit card accounts. The balance of $328 was on my discover it card in July. In August I received a statement which had $0 on it but when I added an AU to my account that same month they reported it again and that’s where the $52 came into play. And my score went down 15 points. 0 balances on the other cards.

[Anonymous]

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@Anonymous wrote:
@DollyLama
That is a closed account with no balance it was only open for 2 days. And I did not even receive the card to use it. And no this is my second report for my police and fire card. So it’s because the age?

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The Discover Fico score is usually a few days old   by the time its is   posted online and appears on your statement.   Maybe   your police and fire card had not reported yet, when Discover pulled your previous score. You can check credit carma to see when  exactly  your police and fire card.  And you can check your Discover card statement when exactly  your fico score was pulled.

[Anonymous]

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@Anonymous wrote:
@Anonymous
In August I received a statement which had $0

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OK. Discover reported  a  $0  balance and sometime later reported the $52.  But your most recent fico score from Discover might have been based on the report with the $0 balance.  That would explain your 15 point drop. There is  a 15 points Fico score   penalty  if all credit cards  report a $0 balance.