cancel
Showing results for 
Search instead for 
Did you mean: 

Why did my score drop 6 points because I moved??

tag
Anonymous
Not applicable

Why did my score drop 6 points because I moved??

Hi everyone!

 

Within the last month my family and I moved, was at our previous house for 6+ years. I received an alert on May 7, 2020 that a new address has been listed in my file with a 6 point decrease! How is this possible?? I have read that moving doesn't affect your credit score directly, but lenders would look at the totality with the rest of your file, which could affect their decision. I am not applying for credit and all of my bills are paid, and my utilization is less than 15%. I don't understand how I can lose points for a new address. I know and understand 6 points isn't catastrophic, but when you are rebuilding your credit, it sure does feel like it!

 

Anyone have any ideas??

 

Thank you in advance!!0B92B0B5-BD8A-472E-81FF-8F72F0062CCF.jpeg

 

E019343E-2602-4D25-9AD5-BB86C1DBD547.jpeg

 

2 REPLIES 2
Anonymous
Not applicable

Re: Why did my score drop 6 points because I moved??

Your address did not change your score. I've noticed that there is sometimes a bit of lag with myFICO. Something else caused the drop and it just reported at the same time as your address change. 

Message 2 of 3
OptimalCS
Frequent Contributor

Re: Why did my score drop 6 points because I moved??

I agree with Gator
"Wisdom is the principal thing..."
Message 3 of 3
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.