credit score drop why

[Anonymous]

recently reviewed credit scores. transunion rose from 689 to 701. equifax dropped from 720 to 687 do not understand drop. paid off 6000.00 in debt last month. no

new open accounts. no negative info or late payments. what would cause such a drop in one score and rise in another?

confused!

[bicknar]

Hi Kypa,

Do you just have the scores, or the full reports?  Not sure what is posting on your CRs but if you just paid off the debt last month it may not have posted to one of the report. yet.   You could be looking at something like this.... Just a scenario that would explain:

TU - Paid debt posted and score rose.  New accounts posted decreasing your utilization, or a combination of the two.....

EQ - Some, all or none of the above may be posted, but new accounts opened may have posted as hard pulls here, bringing your score down. 

Something like that.  Creditors are not required to post to any or all of the credit scoring agencies so you will see discrepancies between them.  For example I have a positive account that only shows on one, but a negative account that shows on 2 of the big three....  So the scores never match up the way you would think.

Hope this helps, or at least I didn't babble incoherently.

Happy 4th.

A

[Anonymous]

Did you pay off the balances in full?

Sometimes this will do it.  They evidently

like some credit use.