http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1725518#M480140 <blockquote><hr>RonDawg wrote:<br><blockquote><hr>HiLine wrote:<br><blockquote><hr>distantarray wrote:<br><p>new accounts + high spending =P that's all you had to say lol</p><hr></blockquote><p> </p><p>As I explained, just one new account added and a small increase in utilization ratio alone will not cause that big a score drop. There have to be pretty special circumstances. :smileyhappy:</p><hr></blockquote><p>are you trying to say your special? :)</p><hr></blockquote><p>I guess having a Score Watch issue makes me kind of special :cattongue:</p><p> </p><blockquote><hr>Jutz wrote:<br><p>Sounds like you have a handle on it, so really not a huge deal.  Thin files tend to swing drastically.  It sounds like the high balance/reported UTIL is temporary and for the best long term.</p><p> </p><p>Good luck, I'm sure you'll get a similarly positive swing next month too!</p><hr></blockquote><p>Thanks! I'm still building up the high balance on my Visa Signature though, so until I reach 5k or so and pay it all off, my score will not improve much just yet. :)</p><p> </p><blockquote><hr>Revelate wrote:<br><blockquote><hr>HiLine wrote:<br><blockquote>With the new card added, my AAoA fell to below 5 months. I had just finished an app spree, but this new account apparently brought the AAoA down to the range that FICO considers a short revolving credit history. It looks like the critical point is at 5 months or so. The penalty for falling below this must be severe, way higher than the 15 points I had lost due to another new account. :catfrustrated:</blockquote><hr></blockquote><p>In the FICO algorithm, if your AAoA is less than a year, it's automatically calculated at a year is our understanding of it.   At least that's the way the report data is presented from various sources.</p><p> </p><p>Really with the way it rounds down, until your AAoA &gt;= 2 years, it's stuck at the bottom for that part of the metric, so anything under that is a wash.</p><p> </p><p>Edit: also not sure on that short-revolving history tag, that may be as a result of new accounts rather than AAoA.  </p><p> </p><hr></blockquote><p>It could be. Can anyone who's been through an app spree confirm this? :catvery-happy:</p> Fri, 30 Nov 2012 16:14:43 GMT HiLine 2012-11-30T16:14:43Z http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1723226#M479572 <p>2 hours ago, I received an alert from myFICO's Score Watch. Upon checking my account, I saw that my score had dropped by ... a whopping 56 points! :smileysad:</p><p> </p><p>Without revealing my financial situation, I want to see if anyone can come up with a scenario where this can happen that resembles my case. Instead of being sad, I want to make a game out of this! :manwink:</p><p> </p><p>After 24 hours I will reveal the answer!</p><p> </p><p> </p><p> </p><p>Hint: the answer has to do with credit cards ;)</p> Thu, 29 Nov 2012 07:35:49 GMT http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1723226#M479572 HiLine 2012-11-29T07:35:49Z http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1723230#M479573 <p>You maxed out at least one card....?</p> Thu, 29 Nov 2012 07:37:18 GMT http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1723230#M479573 Swapmeet 2012-11-29T07:37:18Z http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1723244#M479577 <blockquote><hr>HiLine wrote:<br><p>2 hours ago, I received an alert from myFICO's Score Watch. Upon checking my account, I saw that my score had dropped by ... a whopping 56 points! :smileysad:</p><p> </p><p>Without revealing my financial situation, I want to see if anyone can come up with a scenario where this can happen that resembles my case. Instead of being sad, I want to make a game out of this! :manwink:</p><p> </p><p>After 24 hours I will reveal the answer!</p><p> </p><p> </p><p> </p><p>Hint: the answer has to do with credit cards ;)</p><hr></blockquote><p>a late was reported on one of your accounts?</p> Thu, 29 Nov 2012 07:49:50 GMT http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1723244#M479577 dodgerslv 2012-11-29T07:49:50Z http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1723254#M479580 <p> </p><p>You applied for a new card(s) and got dinged.</p><p> </p><p>when I got three cards at once my scores took a big hit  like that and took a month to come back.</p><p> </p> Thu, 29 Nov 2012 07:56:46 GMT http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1723254#M479580 Mustangfrank 2012-11-29T07:56:46Z http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1723316#M479589 <p>An X that got revenge by running up your cards!</p> Thu, 29 Nov 2012 09:32:15 GMT http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1723316#M479589 MountainHiker 2012-11-29T09:32:15Z http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1723324#M479590 <p>Your limit was decreased, thus raising your utilization through the roof!</p> Thu, 29 Nov 2012 09:43:47 GMT http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1723324#M479590 LesWH 2012-11-29T09:43:47Z http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1723386#M479603 Utilization hits the spot Thu, 29 Nov 2012 13:50:32 GMT http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1723386#M479603 CruzImperial 2012-11-29T13:50:32Z http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1723402#M479605 <p>black friday shopping =P</p> Thu, 29 Nov 2012 14:30:16 GMT http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1723402#M479605 distantarray 2012-11-29T14:30:16Z http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1723442#M479615 <p>Something relatively similar happened to my FAKO score once. The only reason for such an impressive drop was having one card reported lost/stolen (actually, it has been reissued by BofA even without my knowledge as they suspected something...) and new tradeline appearing without any HPs...</p> Thu, 29 Nov 2012 14:58:10 GMT http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1723442#M479615 mikka1 2012-11-29T14:58:10Z http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1723448#M479617 <p>Barclay CLD - util% went WAY up</p> Thu, 29 Nov 2012 15:00:58 GMT http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1723448#M479617 Repo-ed 2012-11-29T15:00:58Z http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1723556#M479654 <p>By NOT shopping on black friday! So you had to pay higher prices for things :smileytongue:</p> Thu, 29 Nov 2012 15:58:01 GMT http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1723556#M479654 CadillacMack 2012-11-29T15:58:01Z http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1723578#M479663 <p>:smileyvery-happy:</p><blockquote><hr>CadillacMack wrote:<br><p>By NOT shopping on black friday! So you had to pay higher prices for things :smileytongue:</p><hr></blockquote><p>:smileyvery-happy:</p> Thu, 29 Nov 2012 16:12:07 GMT http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1723578#M479663 Swapmeet 2012-11-29T16:12:07Z http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1724016#M479774 My guess would be util as well. Thu, 29 Nov 2012 18:50:13 GMT http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1724016#M479774 Epcot 2012-11-29T18:50:13Z http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1724026#M479778 <p>Reeeeeeeebuuuuuucketing.</p> Thu, 29 Nov 2012 18:54:00 GMT http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1724026#M479778 FrugalRican 2012-11-29T18:54:00Z http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1724030#M479780 <p>Significant reduction in a credit limit sending utilization soaring.  (or a late pay hit)</p> Thu, 29 Nov 2012 18:54:38 GMT http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1724030#M479780 GangnamFICO 2012-11-29T18:54:38Z http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1724094#M479797 <p>Many people pointed to utilization. Think utlization could cause such a huge damage? :catwink:</p><p> </p><p>I'll drop another hint:</p><p> </p><p><font color="#FF0000">Hint #2: my utilization right now is around 40%. :)</font></p> Thu, 29 Nov 2012 19:20:27 GMT http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1724094#M479797 HiLine 2012-11-29T19:20:27Z http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1724108#M479801 <p>you missed a payment or was late on one, thats the only thing that couldve brought it down that far. lol</p> Thu, 29 Nov 2012 19:29:21 GMT http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1724108#M479801 anthill927 2012-11-29T19:29:21Z http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1724114#M479802 <blockquote><hr>HiLine wrote:<br><p>Many people pointed to utilization. Think utlization could cause such a huge damage? :catwink:</p><p> </p><p>I'll drop another hint:</p><p> </p><p><font color="#FF0000">Hint #2: my utilization right now is around 40%. :)</font></p><hr></blockquote><p>and yes utility can cause THAT big of a damage :P</p> Thu, 29 Nov 2012 19:31:05 GMT http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1724114#M479802 distantarray 2012-11-29T19:31:05Z http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1724276#M479839 <p>Your loss in the recent election caused the rating agencies to downgrade you.  Mitt?</p> Thu, 29 Nov 2012 21:05:01 GMT http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1724276#M479839 djrez4 2012-11-29T21:05:01Z http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1724278#M479840 <p>Too many cards with balances? </p><p>Is no one correct yet? I would have guessed a baddie or rebucketing, for something stupid like your last inquiry is now a year old, so you are not seeking credit, therefore rebucketing yoU, or your last baddie falling off and now you are being thrown into the bucket with the blemish free folks. </p> Thu, 29 Nov 2012 21:05:40 GMT http://ficoforums.myfico.com/t5/Credit-Cards/Guess-the-cause-of-my-score-drop/m-p/1724278#M479840 crunching_numbers 2012-11-29T21:05:40Z