fiveinall1 wrote:
I have been pouring over credit report because we had a recent score drop (6 points) due to our Utilization going up (but we haven't accumulated more debt) trying to figure out what has happened with that still, and still stumped no accts closed of CL drops, the only thing I can think of is that it's not counting one of our CL's for some odd reason...any how I have been comparing EQ TU (from my fico) for any differences..TU score is 688, and Eq is 649...the ONLY difference I can see is that Eq has 4 inquiries and TU only has 2. Could this cause a 39 point difference in scores? I know the scores normally arent exactly alike, but almost 30 point diff seems like a lot to me!! The good news is one inq will be a year old tomorrow so it will fall off.....any thoughts?? not sure if it makes a difference but on my EQ hurting your score section it lists looking for crdit/inq's, and on TU it doesn't it is listed on the green/good side.....
Have started to feel like trying to raise these scores are just as hard as raising kids except the score can't talk back!!!!!!!!!!!!!!!!!!
Message Edited by fiveinall1 on 02-25-2010 08:05 AM
Check your before and after report to look for differences. 6 points isn't much and could have been caused by any number of things. Look at the before and after balances. Also look at the before and after CLs too to make sure those didn't change. When looking at the FICO report, make sure the overall utilization didn't change, if reported as a positive or negative factor. Also look at the Credit-At-A-Glance page to see if any of those figures changed. Something seemingly minor, like an additional CC with a balance, could throw your score off a little.
Don't compare EQ FICOs with TU FICOs. The formula is different. If you look in my siggy you'll see a scoring difference despite the same info being on both, with the exception that EQ is older but has more inquiries. Also, EQ doesn't like util as much as TU. EQ seems to react more with newer accounts than TU. And TU really hates cards over the limit. YMMV of course.
Point increase on the dropped 1 yr old inquiry? Probably none. The damage fades over time. However, if you have any new TLs associated with that inquiry, then you may see an increase when it hits a year old...depends on your AAoA, your scoring bucket, other accounts reporting, etc.
