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New Contributor
Brandnick
Posts: 85
Registered: ‎11-07-2012
0

Re: Guess the cause of my score drop

Very difficult to answer It could be either utilization, late payment, new credit and I could keeping going
Current Score: 771 - 11/21/2012/ Amex Pull
Late Payment: 0 / Collections: 0
AAOA: 6.3 Years

"My Scores Yesterday or Last week or even Last month has no value when applying for credit today. The value is not in my score but the information in my credit file. Once the information is good the score will follow"
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HiLine
Posts: 2,850
Registered: ‎10-19-2012
0

Re: Guess the cause of my score drop

[ Edited ]

distantarray wrote:

HiLine wrote:

Many people pointed to utilization. Think utlization could cause such a huge damage? :catwink:

 

I'll drop another hint:

 

Hint #2: my utilization right now is around 40%. :smileyhappy:


and yes utility can cause THAT big of a damage :smileytongue:


I didn't eliminate that possibility :smileyhappy:


djrez4 wrote:

Your loss in the recent election caused the rating agencies to downgrade you.  Mitt?


As if my lobbyists would ever let that happen. :smileyhappy:

 

Hint #3: I do not have any late payments

 

Some people have come pretty close. After I explain my situation once the 24 hours mark is passed, the person whose guess is the closest can have his/her username put in my signature line with recognition and respect for a week/month. :robotvery-happy:

 

 

Contributor
ah12345
Posts: 85
Registered: ‎06-13-2007
0

Re: Guess the cause of my score drop

You closed your crap one card or oldest builder card


Starting Score: 607 (5-3-12) EQ FICO
Current Score:671 EQ FICO (12-15-13);669 TU FICO (12-5-13); 699 (12-2-13) WALMART FICO; 695 EXP FICO (6-24-13)
Goal Score: 700+ Across The Board


Valued Contributor
Duncanrr
Posts: 2,841
Registered: ‎06-08-2012
0

Re: Guess the cause of my score drop

You used a ton of credit on one card in a drunken bender. While still drunk you realized that you couldn't pay if all off this month and you would have a UTIL hit to your score.

As a result, you said why the hell not and drapped for 3 credit cards. Two were instant approval (GE cards that are already reporting) and the third was 7-10 day message. The following morning you recon the card and they pulled another CR.


Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

Take the FICO Fitness Challenge
Regular Contributor
Mustangfrank
Posts: 193
Registered: ‎07-17-2012
0

Re: Guess the cause of my score drop

[ Edited ]

An Authorized user or an ex went on a shopping spree and ran your usage way up.

You used the card in Vegas went on a binge at while passed out someone did some serious gambling

 

You froze your accounts against Sp's and a lender became suspicious.

 

 

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)
Valued Member
asp123
Posts: 47
Registered: ‎10-11-2012
0

Re: Guess the cause of my score drop

You reported a card stolen??  

 

You paid all cards down to the recommended 9% and the CRA's have founds us out!?!


Starting Score: 9/2012 - 609
Current Score: 11/9/2012 TU 620 11/9/2012 EQ 591
Goal Score: 700


Take the FICO Fitness Challenge




Established Contributor
flowfaster
Posts: 787
Registered: ‎08-30-2011
0

Re: Guess the cause of my score drop

You went on a huge app o rama?

Amex BCP/BC/Zync - Amex Business GR - Barclays NFL Visa Sig 49ers/Arrival - BoA BBR - Cap 1 Quicksilver - Citi Forward/Preferred - Chase Amazon/Freedom/Ink Plus - Discover IT - Fidelity Amex - GECRB Amazon/Walmart - PenFed PRV - Target - USAA Amex - US Bank CASH+/Club Carlson
Valued Contributor
bs6054
Posts: 1,673
Registered: ‎11-11-2012
0

Re: Guess the cause of my score drop

The Feds have starting seizing his assets due to finally having evidence that he is a kingpin in the international drug trade, and some CRAs think this may impact his future creditworthiness.

 

I'm pretty sure that that is the correct answer, and we will know I'm right when he denies it.

Blogger
HiLine
Posts: 2,850
Registered: ‎10-19-2012
0

Re: Guess the cause of my score drop

[ Edited ]

bs6054 wrote:

The Feds have starting seizing his assets due to finally having evidence that he is a kingpin in the international drug trade, and some CRAs think this may impact his future creditworthiness.

 

I'm pretty sure that that is the correct answer, and we will know I'm right when he denies it.


Nope. You pretty much got it down.

 

By the way, just kidding.

 

See, I didn't deny it.

 

Valued Contributor
Duncanrr
Posts: 2,841
Registered: ‎06-08-2012
0

Re: Guess the cause of my score drop

He got busted by his employer for supplying classified documents to Wikileaks.


Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

Take the FICO Fitness Challenge

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