TU FICO 8 dropped 22 points, what changed?

Anonymous · ‎04-25-2016

Can't figure this one out so maybe someone can shed some light. My TU FICO 8 score dropped from 728 last month to 706 this month and near as I can tell on my reports nothing has changed, at least nothing negative. All of my accounts were paid on time, a couple of baddies were actually removed from GW letters, and obviously my AAoA increased by 1/12 year and any lates I had became 1/12 year older... I have not had an inquiry in 13 months, no opened accounts etc. Overall utilization % dropped 6% from 41% to 35%. I would have expected my score to stay steady, perhaps go up a point or two not drop 22. Can anyone offer any insight as to what I may be missing here?

My CK TU FAKO dropped 55 points this week which I didn't think anything of because I really don't care about that, and another member on here said the same thing happened to him so I sort of chalked it up to some Vantage 3.0 BS, but now seeing my updated FICO 8 score I'm confused.

Anonymous · ‎04-25-2016

TU reporting is screwy. Did you get this score drop from an update, or by pulling a new complete report? If it was just an update, your score may not actually have dropped. TU may be providing a cached report that shows removed negatives.

Marcos8 · ‎04-25-2016

Is it possible you have sustained a loss in AAoA due to the accounts that are no longer present?

Anonymous · ‎04-25-2016

That is a big drop however I watch mine daily and it drives my crazy. (I am trying to stop.) My score literally changes daily. Perhaps just waiting a while will see your score change for the better. Just a thought.

Anonymous · ‎04-26-2016

I still have the same 19 accounts on my report this month as last month (and have opened nothing new) so my AAoA has increased by 1/12 year.

The only thing I can think of related to TransUnion is when trying to receive a CLI from Capital One they told me they were unable to access my TU report and to contact TU. I contacted TU and they said there was no freeze or anything on my report to prevent a creditor from accessing it and that they would send me a free copy of my credit report showing me that, which they did. Did them sending me a credit report lower my score? I would have told them not to bother if that's the case. Is this something that will rebound quickly? I was going to open up several new credit lines in May, but now I may have to put them off until June to see if my score rebounds a bit...

Anonymous · ‎04-26-2016

Did you get this score drop from an update, or by pulling a new complete report?

Anonymous · ‎04-26-2016

The only "update" made to my report was removing one of the ways they had my name represented; they had my suffix as a middle initial which was the only thing modified no actual report data. I had no idea that your score could drop from one of the bureaus sending you a copy of your credit report. Why is that the case?

kjm79 · ‎04-26-2016

Your score didn't drop becauce you requested a copy of your report. The update that's being asked about is, how did you get the "updated" score? Was it via a MyFico Alert? Did you pull a new TU report and get the updated report that way? Not updates to you report.

Quite a few members have posted experiences where they get a MyFico alert that their TU score dropped. But when they go and pull a new report, they are finding the alert was bogus. That's why you're being asked how you received this updated score. Alert or through a new report?

CH 7 Filed 7/27/15 Discharged 11/16/15
Starting Score: EQ 620 TU 568 EX 593
Current Score (07/13/16): EQ 674 TU 649 EX 674 (FICO's 08)
Cap1 QS ($5350) (Combined QS and QS1) Discover It ($4100) MilStar ($8,600) Fingerhut ($800)
Off to the garden 05/01/16

Anonymous · ‎04-26-2016

@Anonymous wrote:
The only "update" made to my report was removing one of the ways they had my name represented; they had my suffix as a middle initial which was the only thing modified no actual report data. I had no idea that your score could drop from one of the bureaus sending you a copy of your credit report. Why is that the case?

Here's why I asked if the score came from just an update through MyFico, or an actual fresh report pull. The drops are from "updates" the increases are from paying for and pulling a fresh report.

Anonymous · ‎04-26-2016

@kjm79 wrote:
Your score didn't drop becauce you requested a copy of your report. The update that's being asked about is, how did you get the "updated" score? Was it via a MyFico Alert? Did you pull a new TU report and get the updated report that way? Not updates to you report.

I see, I misunderstood what was being asked. I get a free FICO 8 score monthly through my mortgage company which gets updated on 21st of every month. That score has ALWAYS risen over the last year since it was about a year ago that I started really focusing on my credit. Some months it wouldn't rise at all, but would stay the same. Others it would go up a few points and sometimes go up 10-15 points. I've never seen it go down, and I thought 22 points was a significant drop.

Literally nothing except positive things have happened regarding my scoring criteria in the last 13 months. On time payments across 6 accounts that report monthly, balances consistently dropping and never increasing, no new accounts or inquiries, a few baddies have fallen off and 6 have been removed with GW letters, etc. The only explaination that I could come up with was that the FICO 8 scoring criteria changed, but I don't think that's the case as everyone on here I'm sure would be talking about it.