Hi all,
I started monitoring my scores back in March and am working on paying off my revolving credit for future auto financing. At that time my Equifax score was 728 and TransUnion 709.
EQ increased to 750 in July but dropped 25 points at once to 725 in August and another 12 to 713 in the following week. However, the only change between July and August was that my total revolving balances were less, no new accounts or inquiries, and no increases in individual CC balances, but EQ report now shows a 30 days late for one account that happened 4 ago (Sept 2006) and paid on time since then. This account was included July credit score report, but that report did show no late payments. All other accounts were always paid on time.
During same period, TU went from 709 to currently 737 and it had always reported the old late payment for that same account. Now all of my revolving accounts are $0.
Please explain
Drastic drop in score
Hi Reve,
but EQ report now shows a 30 days late for one account that happened 4 ago (Sept 2006) and paid on time since then.
The drop in score may be because of the 30 days late. However, this is a wrong listing and you should dispute this with the credit bureau. Still, you should try to find out if in any way you were late on this account.
Thanks,
Aaron
how did you get your score? the old late shouldn't be making your score jump and fall.
credit score
got my score from freecreditscore.com.
that's FAKO not FICO
fair issac
Go to https://www.annualcreditreport.com/cra/index.jsp and get hard copies of all your reports. it is important to get hard copies of all your reports so you have an accurate picture. You have the right to get at least one free copy of all three reports each year.
credit score
Thank you cinnamngrl and Aaron. I will check my credit report from annualcreditreport.com.
Thanks.