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Member
Infil
Posts: 12
Registered: ‎10-11-2012
0

Confused

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!

Start:FAKO:TU 507(8/11), EQ 511(8/11), EX 511(8/11)
Current FICO: TU 713(10/12), EQ 704(10/12), EX(auto loan pull)684(10/12)
Goal:760+ across the board
Wallet:Cap1 Secured MC $500, Paypal Extras MC $1500, NFCU $ 17.5k Cabelas Club Visa $6000, PCRichard $3000
Senior Contributor
jsucool76
Posts: 3,214
Registered: ‎12-11-2011
0

Re: Confused

Did one of your accounts happen to report a new balance? Sounds like a util issue based on the reason your alert popped out.
Established Contributor
sccredit
Posts: 834
Registered: ‎09-14-2012
0

Re: Confused

Sounds to me like maybe the smaller limits reported but not the NFCU limits.  You'll need to pull your report and see

Unsecured Credit: Amex BCP $24,900; Chase Sapphire Preferred $24,200; Discover It $12,500; Chase Ink Cash $15,000; Chase Slate $13,500; Citi TYP $12,900; Amex SPG Biz $3,000; US Bank Platinum $8,600; DCU Visa $10,000; Logix FCU $15,000; Citi Home Depot $8,800; Lowes $5,000; Care Credit $6,000; Penfed Platinum Sig $16,000; Barclay Arrival Plus WEMC $5,000; Bank of America World Points Business Visa $8,000; US Bank PLOC Overdraft $1,500; US Bank Edge Rewards Business $10,000; PenFed PLOC $5,000

Member
Infil
Posts: 12
Registered: ‎10-11-2012
0

Re: Confused

so far cabelas and nfcu are not showing new accounts at all, paypal is with a zero balance and cap1 has a 136 balance.

 

pc richard also isnt showing up as a new account yet.

 

im in the sock drawer with everything except nfcu, but that dip scared the crap out of me.....hurricane scared me worse..that sucked, gulf coast residents, dont know how youget your pants on over balls that big. give me blizzards and tornadoes, you can have the hurricanes lol.

 

thanks alot!!

Start:FAKO:TU 507(8/11), EQ 511(8/11), EX 511(8/11)
Current FICO: TU 713(10/12), EQ 704(10/12), EX(auto loan pull)684(10/12)
Goal:760+ across the board
Wallet:Cap1 Secured MC $500, Paypal Extras MC $1500, NFCU $ 17.5k Cabelas Club Visa $6000, PCRichard $3000
Epic Contributor
Creditaddict
Posts: 20,026
Registered: ‎10-23-2007
0

Re: Confused


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.

Fico Scores: EQ 673 DCU, TU 678 Wally, EX 669 Chase(08-31-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Express $300
Over 45 Cards in between :smileytongue:

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