Infil wrote:I recently opened up accounts with NFCU, Cabelas, and GECRB through both paypal and pcrichard.
Total limits are 28000, with total balance of around 2600-2700. I rolled 2 installment loans into NFCU and made purchase, also on NFCU. etc.
200 on pc richard, 200 on cabelas, rest is on NFCU.
Today, I got an alert from this site that my equifax score went from 713 to 661, because i've made heavy use of my revolving credit was the reason I was given. I am confused as I refreshed my reports both here and on usaa and NFCU and PC Richard aren't showing on my reports at all yet.
Why the sizeable drop in score when all of the reports are not showing yet. The inquiries are there but none of the new accoutns except paypal and cabelas are reporting anything.
I'm confused.
Thanks in advance!
The ONLY thing I suggest you use credit monitoring like this Equifax is for Theft, Missed Payments, Collections, etc. When it comes to ways to improve your score, score going down, util reporting, new accounts, inq... don't look for them to give you sound advise on what is REALLY happening to your credit.
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