Two things: number one, on Equifax, the score seems to lag roughly 7 days behind actual activity entries on your report. Number two, I'll bet there are other things that have changed in your situation in the last couple of weeks. Your score is impacted by many, many factors. These could include whether you recently paid any of the bills in any of your tradelines and how much or how little you paid. If you paid everything off to a $0 balance, that could certainly cause your score to drop like it did. Don't say the word "inquiry" near your Equifax report, a few hard inquiries would put quite the dent in your score as well. But there are many, many, other factors.
I just figured it out. I combined my two Capital One cards last year. Now one of them reports as closed my consumer 0 balance. Could this be the reason?
Also I purchased a new car almost two weeks ago that is not yet reporting. My other car loan is reporting as open pays as agreed never late. I wonder what will happen to my score when the new loan starts reporting and the old one is closed out???
Now you're starting to get it. But believe me, it's much too complex for any of us to completely figure out. We can just learn how to attempt to maximize our scores. Many people claim that the FICO is a fraud.
Originally posted by superadman Now you're starting to get it. But believe me, it's much too complex for any of us to completely figure out. We can just learn how to attempt to maximize our scores. Many people claim that the FICO is a fraud.