declining fico score

Anonymous · ‎02-03-2009

I am new to this board and have already learned so much. Because of a divorce my credit is a disaster. I have been working hard at paying down debt and keeping current on my payments. My scores have been slowly climbing, however every so often I see a decline in scores. Why is this? My scores are as follows: Experian: Nov 08 -518, Jan 09-540, Feb 09 -531. Equifax: Dec 08 -527, Jan 09-515, Feb 09-540. TU: Jan 09-492, Feb 09-523.

What could have caused the EX score to decline from Jan to Feb and the EQ to decline from Dec to Jan.

haulingthescoreup · ‎02-03-2009

Can you post the before and after reports for these two? (In other words, EX from Jan and Feb, and EQ from Dec and Jan.)

eta: if you do a screenshot, be sure to blur account numbers and any personal i.d.

Message Edited by haulingthescoreup on 02-03-2009 07:02 PM

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007

haulingthescoreup · ‎02-04-2009

Moved:

Jaleroca's post has been split off to form its own thread, titled "FICO score keeps dropping from the 600's back down into the 500's"

Anonymous · ‎02-04-2009

I am not sure what I need to post to show the difference in score. In going over the two reports there was a dispute that was removed which I thought would increase my score but didn't.

haulingthescoreup · ‎02-05-2009

Disputes can affect scores in funny ways. Sometimes they increase your score while they're in effect; sometimes they can decrease it.

If you disputed a recent late payment, for instance, your score would artificially rise during the dispute, because the late would be excluded from scoring. But if the dispute ends, and the late is not removed, it would go back down, because the late would start counting again.

Did you have different positive and negative comments on screen 2 of the reports? For feedback, it's pretty murky, but sometimes it's the only clue we have.

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007

Anonymous · ‎02-06-2009

There is not difference in the two reports from EQ so I don't understand the decline in that score. The EX is showing on the first report a $206 balance and status as: unpaid balance reported as a loss. I had paid this account and disputed it. The second EX report shows a zero balance and status: account legally paid in full for less than full balance. However this too is inaccurate. This account was paid for the entire amount owed.

Junejer · ‎02-06-2009

Jianson wrote:
There is not difference in the two reports from EQ so I don't understand the decline in that score. The EX is showing on the first report a $206 balance and status as: unpaid balance reported as a loss. I had paid this account and disputed it. The second EX report shows a zero balance and status: account legally paid in full for less than full balance. However this too is inaccurate. This account was paid for the entire amount owed.

That's your answer. It's a negative comment and FICO picks that up and dings you for it. What is the DOFD for this account?