Probably went from a lower loan util % with your name on both accounts to a higher one on your own. Came here to answer what was asked in the other thread.
@CorySoccer wrote:Hello Community,
So I'm hoping to get some feedback from ya'll.
For the past year or so, my fico has been consistently around the 740-760 across all 3 Credit Bureaus.
I have several credit monitoring apps on my phone (I do pull my credit profile from annualcreditreport as well) and two days I noticed my Trans Union score dropped 20 points. That caught me off guard. Then today I get an alert saying my Equifax dropped 59 points.
When I click the "what has changed" button, it says "there have been no changes to your profile..."
I am currently a co-signer on my wife's car (it was a $15k car/loan and it's at $10k) and she refinanced the car just in her name. That was supposed to be completed late last week (however, it is still showing up on my report).
I know this will affect several aspects of my credit profile, but surely it wouldn't (at least I wouldn't think so) cause a 20 and 59 point drop in my credit scores? Or does that sound reasonable?
On onen hand I'm hoping that that is the case since that way I at least know what the drop was caused from. On the other hand if it's not then something funky hit/happened to my credit that I'm unaware of.
IF it is me being removed from the loan, how long will it take for my credit score to increase? I know credit bureaus like to see a mix of accounts...I do have another installment loan (motorcycle loan) if that information is of any help to you guys.
Any help or suggestions?
Thanks!
I don't know what scores you're referring to. I don't know what a TU score is or an EQ score is. TU and EQ are credit bureaus, not scoring models.
@CorySoccer wrote:Hello Community,
So I'm hoping to get some feedback from ya'll.
For the past year or so, my fico has been consistently around the 740-760 across all 3 Credit Bureaus.
I have several credit monitoring apps on my phone (I do pull my credit profile from annualcreditreport as well) and two days I noticed my Trans Union score dropped 20 points. That caught me off guard. Then today I get an alert saying my Equifax dropped 59 points.
When I click the "what has changed" button, it says "there have been no changes to your profile..."
I am currently a co-signer on my wife's car (it was a $15k car/loan and it's at $10k) and she refinanced the car just in her name. That was supposed to be completed late last week (however, it is still showing up on my report).
I know this will affect several aspects of my credit profile, but surely it wouldn't (at least I wouldn't think so) cause a 20 and 59 point drop in my credit scores? Or does that sound reasonable?
On onen hand I'm hoping that that is the case since that way I at least know what the drop was caused from. On the other hand if it's not then something funky hit/happened to my credit that I'm unaware of.
IF it is me being removed from the loan, how long will it take for my credit score to increase? I know credit bureaus like to see a mix of accounts...I do have another installment loan (motorcycle loan) if that information is of any help to you guys.
Any help or suggestions?
Thanks!
My post above was from the other thread you mentioned most of this in. After reading this one. This caught my eye. "what has changed" . CK right? You said EQ & TU which is Vantage.
Thought so. Go to EX.com and sign up for your free FICO score monthly. Take a peek there and see whats up. You sneeze and CK will deduct 40 pts. 
Cool. Wait a couple weeks then sign up at Discover Scorecard. Then you can get your free EX FICO every 2 weeks. You dont have to have a Disco card.