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Guess the cause of my score drop

Established Contributor

Re: Guess the cause of my score drop

Your $15,000 Crap1 limit was corrected to the actual $150 CL when they figured out their mistake.


Starting Score: 500's
Current Score: 773 EQ(DCU), 757 TU(Barclay), 788 EX(Credit.com)
Goal Score:760 X 3


Take the myFICO Fitness Challenge

Message 31 of 67
Frequent Contributor

Re: Guess the cause of my score drop

Applied for a Macy's card for black friday and maxed it out same day.

Message 32 of 67
Blogger

Re: Guess the cause of my score drop


guydiver wrote:

Your $15,000 Crap1 limit was corrected to the actual $150 CL when they figured out their mistake.


Holy Crap!!!
Message 33 of 67
Valued Contributor

Re: Guess the cause of my score drop

My guess: you are an AU on a relatives account.  Probably your oldest account reporting.  The primary allowed a neg to report.  Or- the utility was run up high on this account.  It's your highest reported limit causing your utility to skyrocket.  Or a combo of the both.  Or last but not least- the primary just closed the account or you are no longer a AU on it pushing your utiltiy up and AAoA down.  That's my guess. Smiley Happy


Starting Score: 642
Current Score: EQ 773, EX 780, TU 777 (All FICO)
Goal Score: 800+

Cards: NFCU Flagship 50K, DC 30K, BCP 28.6K, Arrival+ 25K, Citi DP 22.8K, CSR 20.5K, TotalRewards 25K, QuickSilver 20K

Message 34 of 67
Frequent Contributor

Re: Guess the cause of my score drop

I am going to guess that you let a card (with good cli) go stale and they closed the account and removed your tradeline.  You lost an aged card and the CLI.

Message 35 of 67
Established Contributor

Re: Guess the cause of my score drop

It has to be a combo.  I say a bad collections, plus he is an AU on another account that went late/bad.  He called the bank and demanded that he be removed from the AU account.  The bank agreed and will report this ASAP.  Score will go back up tomorrow.

 

I had something similar happen to me.  I had dropped from a class and was waiting for the Registar to report how much I owed (20%  or 33%).  The Business Office billed me the full amount.  They put me in collections.  My score dropped 50 points.  I called the Businees Office back, who called the Registrars Office and I was billed out at 20%.  I put a down payment and received a $7 refund.  The CA corrected all of my accounts within 24 hours.

F'08 FEB18: EQ721, EX702, TU734; Clean since BK7 D/C 6/2011
Message 36 of 67
Blogger

Re: Guess the cause of my score drop


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

Oh noooo!!!! Dang! I had a feeling this would eventually happen...

 

The clock is ticking....

 

Hint #4: it is a combo  Smiley Indifferent

Message 37 of 67
Valued Contributor

Re: Guess the cause of my score drop

Okay, I'll make a wild guess here.  One of your oldest accounts fell off and at the same time a new credit item with a balance appeared which reduced your AAoA and increased your utilization.


Major CC's - Barclay's ($5.5K) | Barclay's Sallie Mae MC ($5K) | DCU ($7.5K) | Discover IT ($1.4K) | Genisys Visa ($1.4K) | NFCU Visa ($22K) | Navcheck ($15K) | Chase Freedom ($5K) | SDFCU Visa ($8K) | Amex BCP ($9.5K) | Amex Delta ($10K) |Store CC's| -Amazon ($4K) | Catherines ($850) | JCP ($4K) | Macy's ($1.7K) | Avenue ($850) | Victoria's Secret ($1.4K) | Walmart ($4.1K) | Paypal SC ($1.3K) | HSN ($2.5) | Sears ($2.6K) | Sams Club ($4.1K) |Goal|: Age with grace to 750 across the board |Last app|: 3/3/2014
Message 38 of 67
Regular Contributor

Re: Guess the cause of my score drop

Your EX reported you to the IRS because you were having an affair with her sister (or brother) 

She/He tells the IRS you were laundering money through your credit cards !

 

Oh Wait......that was me :-(

 

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)
Message 39 of 67
Established Contributor

Re: Guess the cause of my score drop

You pre-purchased all of the items in the song Twelve Days of Christmas.  Cost this year: $107,000.

Message 40 of 67