@Anonymous wrote:
I'm thinking I may be better off canceling the monitoring and just ordering a 3B report every 3 months. I think therein lies the problem -- it's really tough to monitor your FICO score on a daily basis and gain meaningful results of your actions. Probably better off looking at the results over a longer period of time instead of the almost daily basis
Agreed 100% on that. Short of my geeky hobby testing the algorithm, fact is I'd probably just order my 3B report every Jan 1st and call it good and then whenever I was getting ready for a major application... I know my file intimately at this point, and CK is enough for me to keep tabs on it FWIW.
@Revelate wrote:
@Anonymous wrote:
I'm thinking I may be better off canceling the monitoring and just ordering a 3B report every 3 months. I think therein lies the problem -- it's really tough to monitor your FICO score on a daily basis and gain meaningful results of your actions. Probably better off looking at the results over a longer period of time instead of the almost daily basisAgreed 100% on that. Short of my geeky hobby testing the algorithm, fact is I'd probably just order my 3B report every Jan 1st and call it good and then whenever I was getting ready for a major application... I know my file intimately at this point, and CK is enough for me to keep tabs on it FWIW.
While no one can answer the questions of why each daily score change occurs, that becomes more a matter of the individual just accepting that the score will change day to day, and watching the trends through the month. I'm not going to stop watching the score changes for a while yet, because while I can't pinpoint why each change happens, I know the general trend I'm expecting to see, and reviewing to see what might have led to a change.
@Anonymous wrote:As expected, Experian updated today with that info and dumped it -16 down to 698... Oh well -- it will be interesting to see how quickly it rises back up along with the revolving utilization dropping over the next several months.
And finally, today the trifecta completed -- with TransUnion updating and dropping my score 21 points 
"725 -> 704 (-21) The total balance on all your Personal Finance account(s) has changed. Balance: $0"
@Anonymous wrote:
Nope it's because of the paid off account.
There's nothing whatsoever (short of opening a new one again) 
that will keep FICO from penalizing with many points a paid off Loan/Auto Loan. I know it's downright rediculous to most of us but that's just another formula that fuels or drains our FICO numbers.
I'm in the process myself of manipulating my current accounts in anticipation of a fall because hell be damned i am going to pay off my auto loan regardless of this FICO nonsense. We can only make an effort to minimize the damage not prevent such a drastic interruption to our good numbers just because we are being responsible with credit. Bahhh FICO, you need a new system overhaul.
@CreditMagic7 wrote:
@Anonymous wrote:
Nope it's because of the paid off account.There's nothing whatsoever (short of opening a new one again)
I'm in the process myself of manipulating my current accounts in anticipation of a fall because hell be damned i am going to pay off my auto loan regardless of this FICO nonsense. We can only make an effort to minimize the damage not prevent such a drastic interruption to our good numbers just because we are being responsible with credit. Bahhh FICO, you need a new system overhaul.
As we've found recently it's stupidly easy to manipulate if you have no other open installment loans. Why complain, just fix it.