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experian 16 pt drop

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Kpowek1
Valued Member

experian 16 pt drop

I have a Amex Gold and the balance went from $5692 to $ 2450  this month just got a alert  Experian drop ..16pts!!!! Why ?

Message 1 of 5
4 REPLIES 4
Anonymous
Not applicable

Re: experian 16 pt drop

The balance decreasing might not be reason your score dropped.  There is something else going on with your EX report that contributed to the score dropping.

Message 2 of 5
Appleman
Valued Contributor

Re: experian 16 pt drop

And, it is a new month, not sure if aging or something else changed within your file.

 

I received a 5 point drop on my EX file but unsure of what actually changed. I received no alert from myFICO or CCT.

TU and EQ unchanged score wise.

Message 3 of 5
RonM21
Valued Contributor

Re: experian 16 pt drop

I agree with the other post, something else seems to be up.


Total CL: $321.7kUTL: 2%AAoA: 7.0yrsBaddies: 0Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping

BoA-55k | NFCU-45k | AMEX-42k | DISC-40.6k | PENFED-38.4k | LOWES-35k | ALLIANT-25k | CITI-15.7k | BARCLAYS-15k | CHASE-10k

Message 4 of 5
Appleman
Valued Contributor

Re: experian 16 pt drop

I saw the file and it looks like my utilization rose from 6 to 7% caught me mid-balance transfer (basically showed both cards with a balance) and an auto loan was shown pain in full (not the only auto). Between those two I can guess that is why I lost 5 points...

Message 5 of 5
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