More often than not, the score actually doesn't mean much. Credit is never initially granted on score alone. Your score may get you a pre-approval, but an adjudicator will look at your full credit history if you make an application. And an adjudicator will view a hard hit from a cell phone provider differently than a hard hit from a bank.pmcd wrote: ↑Nov 1st, 2017 3:53 pmWell then why does the credit score drop? The score either means something or it doesn’t. It is being used for so many important situations that to dismiss this drop is odd. Sure it won’t affect most people as it only lasts a few months. But it will affect some and that’s not acceptable.
I'd suspect, but can't confirm, that the credit bureaus algorithms might even treat them differently as well.