What? consumers with a two- to five-year credit history...

[Norman]

This notice move my credit score down 41 points,

Your FICO® score went down on a day when there were no credit alerts on your Equifax Credit Report™. This can happen if:

• There was a change on your credit report that lowered your score but did not trigger an alert. For example, the balance on an account might have increased enough to lower your score, but not enough to trigger a balance increase alert.
• You moved from one category of credit users to another as time passed. For example, you may have transitioned from the category "consumers with a new credit history" to the category "consumers with a two- to five-year credit history". As a result, your credit report is evaluated differently, causing a slight change in your score. The good news is that moving between categories like this usually offers you the potential to reach a higher FICO score in the future.

What is this? I not used more than 10% of my credit and I had Credit from 1998 till now. So when this posted it leaves me puzzled on where this comes from and why?

[Anonymous]

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Norman wrote:

This notice move my credit score down 41 points,

Your FICO® score went down on a day when there were no credit alerts on your Equifax Credit Report™. This can happen if:

• There was a change on your credit report that lowered your score but did not trigger an alert. For example, the balance on an account might have increased enough to lower your score, but not enough to trigger a balance increase alert.
• You moved from one category of credit users to another as time passed. For example, you may have transitioned from the category "consumers with a new credit history" to the category "consumers with a two- to five-year credit history". As a result, your credit report is evaluated differently, causing a slight change in your score. The good news is that moving between categories like this usually offers you the potential to reach a higher FICO score in the future.

What is this? I not used more than 10% of my credit and I had Credit from 1998 till now. So when this posted it leaves me puzzled on where this comes from and why?

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Did you have a bankruptcy or judgement or some other major thing that fell off your reports?  Have seen that happen before. Unfortunately FICO scoring isnt black and white and certain things move us out of our current 'scoring pool' (for lack of a better term) into a higher and more strictly scored bracket.  Then your credit is evaluated against those in the new pool or the bigger fishes.

Clear as mud right?

[Norman]

First Thank You for your response Brammy,

 But I never had any neg. of any kind / never late. Nothing of that sort. I did move to the US the beginning year of 1998 and open credit in May of that year. But have open 26 mortgages open or closed + 6 credit cards opened or closed. And two lines of credit at two different Banks.

Nothing that I see is that different from what I been doing all along as well. Why would one like me be put into a strict scored bracket when I have no neg. items and done what is required to have good credit? As for bigger fish I would hardly call me a big fish.The Mortgages I have are only because of my bussness of buying rental properties.

Norman

[Anonymous]

Being in a tricter scoring bracket is actually a good thing believe it or not.  When I spoke of negs for example.  My current scores are based on consumers who have a BK in their history.  When I 'graduate' to those who do not, I will probably see a slight decrease in score.

It seems they were scoring you on a fairly young basis soooo, those in that bracket may have had negs, collections, BK et... high utilization.  Now that your credit is 'older' you're being scored with the rest of the grownups.

[Anonymous]

Welcome, Norman,

What probably happened is that you moved from the pool of people with an 8-10 year-credit history into the pool with people in the 10-20 year pool. (We don't know exactly how the pools divide.)  So while you've had a good credit history, you are now being compared to people who have sustained good credit habits for a longer period of time.  Just keep doing what you've been doing and your score should rise!