Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Scores
Profile Image

Question By
nysuke2

0 Contributions
0 People Helped
Transunion Credit Score Dropped
My score from Transunion dropped 29 points, while my Equifax score went up si
43 points.

Does not make sense, as the latest changes of 5 total, were 2 hard inquires from 2015 falling off and minor credit debt reduction via reporting of 2 March minimum payments, plus the massive pay down of my 2nd newest credit card from First Premier in preparation of closing it down (previously overlimit due to exorbitant user fees, but never been 30 or more days late).

My highest credit account was paid down to $367 from $4,062 ($4,250 limit), which doesn't get reported for 6 days and some other paid down accounts.

Credit Karma has recognized my other April higher payments, which previously helped my TU score, only for it to fall mysteriously on 04/25. The only account changes I feel could be related to this negative are FP Bank going from a $624 balance to -$45 balance (credited complimentary $45 after being tricked not to close my account), now $0.00 as of 04/26 (spent extra $45).


All the other accounts I am planning to close, are my youngest in age at 1.5-2 years (oldest is almost 8 years) and will only boost my average age of accounts if paid off and closed. I am only keeping some of them open, that do not have annual fees to lower my utilization.

Please help me understand why my TU score was lowered with no dismal information to report, yet my Equifax score continues to improve? It is infuriating, as the score simulator and recommendations are highly dependent on the TU score.

I have 10 credit card accounts, of which 7 have balances, a few credit line accounts, and 2 loans (younger one soon to be closed).

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
7816 Contributions
1455 People Helped

Closing accounts is not the best move to help your credit, it usually brings harm to your credit. While the "average age of accounts" may improve here with Vantage scores, it will not change anything with FICO scores (the important scores). I suggest that you quit worrying so much about the Vantage scores that you get here, who cares what they do, most lenders are never going to look at them. If you are truly concerned about your credit scores, purchase a FICO score subscriptioin somewhere. And, be sure to make changes to appease FICO, not Vantage.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.