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Thoughts regarding how I lost points?

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Trudy
Valued Contributor

Re: Thoughts regarding how I lost points?


@Thomas_Thumb wrote:

You passed above the 1000 post minimum threshold for Valued Contributor. Usually rank up does not happen at 1000 exactly but kicks in by 1100 for Valued.

 

One more possibility on the score drop. You mention:

"I don't recall carrying a balance on this low limit card so I guess it's the first time it revealed itself".

There have been a few posters that have stated seeing a score drop when an inactive card, not not reporting in many months, 1st reports a balance.


This is definitely considered a "dormant" account per EX.  Although I rotate use on all cards I can't recall the last I reported a balance on this card.  

dormant.png

FICO - 8: 05/05/23
Message 21 of 22
Anonymous
Not applicable

Re: Thoughts regarding how I lost points?


@Trudy wrote:

@Thomas_Thumb wrote:

You passed above the 1000 post minimum threshold for Valued Contributor. Usually rank up does not happen at 1000 exactly but kicks in by 1100 for Valued.

 

One more possibility on the score drop. You mention:

"I don't recall carrying a balance on this low limit card so I guess it's the first time it revealed itself".

There have been a few posters that have stated seeing a score drop when an inactive card, not not reporting in many months, 1st reports a balance.


This is definitely considered a "dormant" account per EX.  Although I rotate use on all cards I can't recall the last I reported a balance on this card.  

dormant.png


@Trudy EX's time for dormancy is not the same as ficos, I do not believe. It would be interesting for you to take the balance down and back up on that card and see if you could repeat this, that would rule out dormancy. You do always come up with good ones. 

it would definitely be a good data point because like I said I couldn't tie it down before but I couldn't rule it out. 

Message 22 of 22
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