     editor (Sportguy) | Thursday, April 05, 2001 - 09:45 am 
on 3/17 i had a 647 equifax. on 4/3 my fico on equifax was 649. heres what changed
car loan (two years of on time payments) was closed after i sold the car (19k).
credit cards went from about 100 over the limit to right at the limit.
i would have thought my score would rise because i got rid of a 19k debt. but, fico, it seems, cares little about installment loans, unless, of course, you default on them.
what do you think? |
| Christine Baker (Admin) | Thursday, April 05, 2001 - 12:59 pm
Here's the problem:
Scoring looks at so much data that I'm sure changed in 2 weeks, and it even calculates the scores based on data that does NOT change. I don't have ANY idea without actually reviewing both reports.
A very SIMPLIFIED example:
You could have gained 50 points for lowering your debt, but lost 10 for no longer having the right types of accounts, lost another 10 for not enough open accounts, and lost 28 because it's the beginning of the month.
And, I'm assuming you didn't add an inquiry the first time you got your score or any other inquiries.
What were your 4 main score factors each time? |
