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Why would my FICO score go up?

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Regular Contributor

Why would my FICO score go up?

I received notifcation from Experian today that there had been a change to my credit profile. I logged in and saw that it jumped 14 points, but no derogatories had been removed nor had there been any new activity. What could be the cause of that? (Not complaining, just a bit suprised! Hah!)

5 REPLIES 5
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Established Contributor

Re: Why would my FICO score go up?

That sounds like a side by side comparison job Smiley Wink  Which should be easy since it sounds like you have a subscription.  But I'd start by looking at the before and after reason codes/factors to see if they changed or at least the order.

 

I had a score decrease when nothing else seemingly changed to find out that an old closed account was removed.  For me it lowered my AAoA slightly but the likely culprit was that it changed the ratio of # of accounts reporting as it only affected my Fico 2 scores.  This lead to a new revelation figured out by Birdman7 that closed accounts are considered in that metric.  But I guess it could be the opposite for you if a closed account that was younger fell off and raised your AAoA to a known or unknown threshold.Smiley Indifferent

FICO - 8: 10/01/20 AU 8 BC 8
FICO - 9: 10/01/20 AU 9 BC 9
F5,F4,F2 10/01/20 AU... BC...
Vantage 10/01/20
AoOA - 24Y7M | AoYA – 1Y1M | AAoA – 12Y2M
Open: 10 CC: (1 reporting 13.99% : 2.95% AGG UTL) | 1 PLOC | 1 MTG loan: 74.95% UTL | 1 Auto loan: 0.82% UTL
Closed: 1 MTG loan | 1 Auto loan | (EQ) 2 CC, (EX & TU) 1 CC
INQ: (EQ) 0/24 | (TU) 0/24 | (EX) 1/24
Message 2 of 6
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Frequent Contributor

Re: Why would my FICO score go up?


@hajenkin wrote:

I received notifcation from Experian today that there had been a change to my credit profile. I logged in and saw that it jumped 14 points, but no derogatories had been removed nor had there been any new activity. What could be the cause of that? (Not complaining, just a bit suprised! Hah!)


Perhaps you crossed an age threshold?  New account 24 months old? Late payment 25 month's old?  Not sure that those ages cause such a jump, or that these ages actually have any merit... but age changes, accounts being added/removed can effect score without showing an obvious reason. 

Starting Score: EQ:608, EX:617, TU:625
Score 10/2018: EQ:669, EX:686, TU:668
Score 11/17/2018: EQ:682, EX:681, TU:683
Current Score 3/11/2020: EQ:695, EX:703, TU:720
12/24/2018 -- EQ Beacon 5.0: 678, EX Fico II: 690, TU Fico Classic 04: 716

Goal Score: 740+


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Member of the Synchrony Bank giveth then Taketh away April 2020 Club! $86,900 in available credit gone without warning.

Newest Account July 8, 2020 -- Last HP August 11, 2020 -- Gardening Goal:
August 2022 and reach 0/24
Message 3 of 6
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Super Contributor

Re: Why would my FICO score go up?

Did a new possibly lower balance report on a revolving account?

Message 4 of 6
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Regular Contributor

Re: Why would my FICO score go up?


@BrutalBodyShots wrote:

Did a new possibly lower balance report on a revolving account?


I just saw that they reported my first payment on my charge-off account. My $1900/1600 balance decreased by $130. Can I expect to see that kind of jump every month until paid off?

Message 5 of 6
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Super Contributor

Re: Why would my FICO score go up?

Definitely not. 

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