FICO fluctuations?

[cosimo]

So I got an alert just now stating that my Fico score dropped from 555 to 537. It was 545 on Monday then bumped up to 555 before dropping. I am checking my updated report and have an alert for every possible scenario including new inquiry and changes to accounts, however nothing visible has changed since Monday… I'm just wondering what could possibly cause daily fluctuations like this? Do the FICO computers work like slot machines churning out new 3 digit numbers when they feel like? I find it bizarre...

[Demonico]

There are a myriad of factors that go into FICO scores. The changes you are talking about could come from open disputes, significant change in an account balance that changes your utilization just to name a few. There are a few threads here that have decent documentation on FICO effects.

[cv91915]

Focus on the principles and not the microscopic changes that happen along the way. Every minute you spend trying to figure out small swings like that is a minute you won't spend fixing what's really wrong.

[Demonico]

Focus on the principles and not the microscopic changes that happen along the way. Every minute you spend trying to figure out small swings like that is a minute you won't spend fixing what's really wrong.

+1

[cosimo]

I've been fixing the fundamental problems for 8 months now... I'm just curious as to why there are swings when there's nothing changing on the report. It would be like exercising and eating right consistently while weighing 205 one day and 215 the next.

[Demonico]

Look up scorecards/buckets that could be the issue

[cv91915]

I've been fixing the fundamental problems for 8 months now... I'm just curious as to why there are swings when there's nothing changing on the report. It would be like exercising and eating right consistently while weighing 205 one day and 215 the next.

 

I lost 40 pounds over the course of six months a few years ago. Sometimes I starved all week and still gained weight. I stuck to the plan and prevailed. The trend matters, not the swings.

[Demonico]

Incidentally, a 10 lb difference when you way near 200 is <5% body weight and is possible in a day. Typically just water since 1 gal of water weighs 9 lbs and I'm 6'2" and 255lbs and should be drinking at least one gal of H2O a day (did I mention I'm a math nerd yet).

 

If you want to know for the sake of knowing (again I'm a math nerd) then look up some of bobwang's threads; all kinds of fun numbers there. If you aren't a math nerd then go with what cv said and don't worry until you are done cleaning things up.

[moosetracks]

Focus on the principles and not the microscopic changes that happen along the way. Every minute you spend trying to figure out small swings like that is a minute you won't spend fixing what's really wrong.

 

+2

 

 

I've been fixing the fundamental problems for 8 months now... I'm just curious as to why there are swings when there's nothing changing on the report. It would be like exercising and eating right consistently while weighing 205 one day and 215 the next.

 

If you are actively disputing, the addition of comments to a TL can remove certain aspects of a TL from FICO scoring, you can only get a true reading of FICO when you have no active current disputes.

[cosimo]

^ I did not know disputing affects the score... If I have a dispute in process, it will drop the score? That must be what it is, I have added new disputes this week.

[takeshi]

Could go either way. Depends on the tradeline(s) being disputed.

 

Do the FICO computers work like slot machines churning out new 3 digit numbers when they feel like?

Nope. Scores are based on data in your reports. Not knowing the cause doesn't mean it's random.

Edited May 16, 2014 by takeshi

[themanwhocan]

Could go either way. Depends on the tradeline(s) being disputed.

 

Do the FICO computers work like slot machines churning out new 3 digit numbers when they feel like?

Nope. Scores are based on data in your reports. Not knowing the cause doesn't mean it's random.

 

Right. Its merely pseudorandom.