Score increase!

[MM1234]

Yep - Only my EQ FAKOs is higher than my FICO . I use TC to monitor all 3. The others are about 4-5 lower than my Real FICOs. Wild.

[hpertrain]

Hi, new to this board and looking to understand something. I have the score power and on 6/6 it said Equifax 676 then on 6/7 I purchased my report and Eqifax now said 654??!!??  All my revolving debt is long paid off,there were no new inquiries, I have not been searching for new credit, all bills paid on time...absolutely nothing negative. What could constitute a 22 point drop in one day?? Thx

[Tuscani]

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hpertrain wrote:

Hi, new to this board and looking to understand something. I have the score power and on 6/6 it said Equifax 676 then on 6/7 I purchased my report and Eqifax now said 654??!!??  All my revolving debt is long paid off,there were no new inquiries, I have not been searching for new credit, all bills paid on time...absolutely nothing negative. What could constitute a 22 point drop in one day?? Thx

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Read the scoring 101 thread.

[hpertrain]

Tuscani, first of all the 101 was excellent reading. I really appreciate you posying that.However no where in there could I see anything that gave any kind of an explanation of how or why my Eq. could fall 22 points over night with as I explained no new inquiries, no usage of revolving,etc.I got a score power alert saying 676 and then the next day I purchase my report and it's 656?? There has to be some sort of explanation?? Thx

[Anonymous]

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@hpertrain wrote:

Tuscani, first of all the 101 was excellent reading. I really appreciate you posying that.However no where in there could I see anything that gave any kind of an explanation of how or why my Eq. could fall 22 points over night with as I explained no new inquiries, no usage of revolving,etc.I got a score power alert saying 676 and then the next day I purchase my report and it's 656?? There has to be some sort of explanation?? Thx

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Reaching for straws here:
You indicated "long paid off"
Any chance some of these accounts went into an inactive status?
They need to be "touched" every 3 months or so.

[hpertrain]

Timothy,thanks for the response. No none of the accounts are in an inactive status. All of my revolving was paid off in April/May of this year so only a month or 2 ago. It just boggles my mind how my score can drop 22 points in just one day with nothing negative reported. I mean it could very well go up 22 points by Mon. but it's just wierd.

[Tuscani]

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hpertrain wrote:

Timothy,thanks for the response. No none of the accounts are in an inactive status. All of my revolving was paid off in April/May of this year so only a month or 2 ago. It just boggles my mind how my score can drop 22 points in just one day with nothing negative reported. I mean it could very well go up 22 points by Mon. but it's just wierd.

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I am not sure. Small fluctuations are normal.. But I would expect something to change for a 22 pt drop. Sorry I do not have a better answer.

[Anonymous]

Could have been a change to the Scorecard you were in when you received the SW report... Your debt was paid off and that may have been the difference between in criteria for the Scorecards.

No way to know for sure about the Scorecard, but we definitely know they exist.

Rob

Message Edited by FICO_Focused on 06-09-2007 04:00 PM

[Tuscani]

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FICO_Focused wrote:

Could have been a change to the Scorecard you were in when you received the SW report... Your debt was paid off and that may have been the difference between in criteria for the Scorecards.

No way to know for sure about the Scorecard, but we definitely know they exist.

Rob

Message Edited by FICO_Focused on 06-09-2007 04:00 PM

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Yea... That is the only thing I can think of.

Message Edited by Tuscani on 06-09-2007 03:21 PM

[hpertrain]

Rob, thanks for the reply. I'm not sure I fully understand what you are saying. What do you mean by a change to the scorecard I was in??

       I have searched and searched as for any logical explanation. There are absolutely no new inquiries,that I see showing, no derogatory info,etc. There is nothing to explain a 22 point drop in one day, especially when I have worked hard to pay off all my debt last month and have not had any lates since Nov. of last month. I've done absolutely everything the right way and all of the sudden my score goes backward!! It's just frustrating as I'm working hard for a new mortgage and have been getting closer and closer to breaking 700! Thanks