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HiLine
Posts: 2,836
Registered: ‎10-19-2012

Guess the cause of my score drop

[ Edited ]

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:

 

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:

 

After 24 hours I will reveal the answer!

 

 

 

Hint: the answer has to do with credit cards :smileywink:

Valued Contributor
Swapmeet
Posts: 1,329
Registered: ‎11-10-2012

Re: Guess the cause of my score drop

You maxed out at least one card....?

My Wallet: WalMart: ||15k|| USAA Platinum MC: ||13k|| Amex Delta Gold: ||2k||; BCE: ||9k|| Chase Freedom Siggy: ||10k||
Discover it: ||6.5k|| SG Visa: ||11k|| USAA World MC: ||13k|| US Bank Cash+ Siggy: ||5k|| Citi TYP World MC: ||10.5k||
Barlays Arrival World MC: ||10k||
Fico Scores: EQ 760 (SW),TU 757 (Walmart), EX 738 (myfico) Last app: Arrival World MC 2-1-14
Valued Contributor
dodgerslv
Posts: 1,693
Registered: ‎06-16-2012

Re: Guess the cause of my score drop


HiLine wrote:

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:

 

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:

 

After 24 hours I will reveal the answer!

 

 

 

Hint: the answer has to do with credit cards :smileywink:


a late was reported on one of your accounts?



biggest limits: BofA Privilege (33K)/ BofA Cash Rewards (27k)/ Citi AA WEMC (26k)/ Penfed Rewards (22.5k)/ Chase United Explorer (22k)
Fico 08 scores (6/21/14) EX: 758 TU: 759 EQ: 755 (high Utilization for me at the moment @10% so gardening mode).





Regular Contributor
Mustangfrank
Posts: 193
Registered: ‎07-17-2012

Re: Guess the cause of my score drop

 

You applied for a new card(s) and got dinged.

 

when I got three cards at once my scores took a big hit  like that and took a month to come back.

 

Amex Zync NPSL 9/12, Amex CostcoTrue Earnings $10K 9/12
Amex BCE $3K 9/12 (Amex Back Dated to 1983)
Chase Sapphire Preferred $17K 11/12, Chase Freedom $7K 11/12
Discover More $750 11/12
CapitalOne Platinum Secured Card 2K 2/12 (Closed 12/12)
FICO: EQ = 804 EX = 802(Amex) TU = 801(Discover)
Established Contributor
MountainHiker
Posts: 651
Registered: ‎08-07-2012

Re: Guess the cause of my score drop

An X that got revenge by running up your cards!

EQ-732FICO,EX-PLUS 740,TU-725FICO
Goal 750 Across

NFCU Signature Cash Rewards Visa, Chase Freedom Visa, Wells Fargo Visa Secured
Established Contributor
LesWH
Posts: 608
Registered: ‎10-11-2012

Re: Guess the cause of my score drop

Your limit was decreased, thus raising your utilization through the roof!


NFCU Signature Visa Cash Rewards, NavChek, Citi AA AMEX, Cap1 Cash Rewards, Discover IT, Home Depot, Sears, Walmart, Chase Freedom, AMEX Green, Lowe's, AMEX BCE, Chase Sapphire Preferred, AMEX Hilton Honors Surpass, PayPal Extras MC, PenFed Platinum Cash Rewards, AMEX Platinum

GC Challenge: App Free since 1/8/13. No more apps til 2014






Established Contributor
CruzImperial
Posts: 863
Registered: ‎07-04-2012

Re: Guess the cause of my score drop

Utilization hits the spot
Fico Scores: . Walmart TU 748 . App free since Aug 2013 .

Cap One Journey 500 | Discover IT 1k | GE Home Design 5.6k | GE HHGREGG 5k | Amex Zync NPSL | Amex BCE 6k | Citi Forward 4.2k | Citi Dividend 3k | GE BrandsMart 1k | GE Lowes 8.5k | Discover Walmart 6k | Barclays Apple 2.5k | BoA CR 800 | CSP 7.2k
Established Contributor
distantarray
Posts: 2,112
Registered: ‎09-25-2011

Re: Guess the cause of my score drop

black friday shopping =P


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Frequent Contributor
mikka1
Posts: 269
Registered: ‎12-28-2011

Re: Guess the cause of my score drop

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...

In my wallet now: Amex PRG NPSL, Amex BCE $15k $17k (thanks to recent CLI), Chase Freedom 11k, CSP $6k, Chase United ME $5k, Citi Dividend $5.6k, Discover It $4.5k and a handful of other cards...
TU Dec 2013 - 752Sep 2013 - 764 - new all time maximum
Valued Contributor
Repo-ed
Posts: 2,953
Registered: ‎02-09-2012

Re: Guess the cause of my score drop

Barclay CLD - util% went WAY up


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