I’ve been meaning to ask this for a while - I’ve been engaged in a credit repair campaign for several years now and it often seems to me that the credit bureaus are actively changing how my score is calculated to keep my score suppressed.
For instance - I’ve always read that keeping your total credit utilization below 10% is considered excellent. So I opened a bunch credit lines, stuck them in a shoe box, there is now no way I can ever exceed 10% of my credit line. Then one day my scores drop 96 points and I discovered that the rules had changed so that if any one of my cards had more then 30% utilization then I get penalized. So the dinky card with a 1k credit line I use for reoccurring bills, that is always at around 70% utilization, is now killing my score even though 1k is a slim fraction of my total credit. I’ve never heard of this happening to anyone else.
Paying off a mortgage is a big deal but everything I’ve read says it should not impact your score more then a couple points either way. I paid off my mortgage last month and this month, the day it is reported, my credit score plumits by 84 points - the mortgage account closing is the only change. Completely unexpected.
Ive had a discover card account for almost twenty years, about a year ago all of my payment history prior two two years ago vanishes. As each month’s payment is reported the payment two years prior drops off. I’ve done multiple fcra complaints with all three bureaus and they always come back saying that the reporting is correct. I’ve never read of this happening before and it doesn’t happen for any other account.
Has anyone had any similar experiences? Are there huge shifts in how credit scores are calculated going on that nobody talks about?