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I suspect two things are at play here IMHO
credit limit in relation to UTL on furniture accounts and are you looking on CR's from Fico EX, EQ, TU no third party reports
Also make sure the lender is reporting it as an installment vs consumer loan
@Anonymous wrote:
I wouldn't be able to pay off. Would it even make a difference if I paid more then minimum or don't even bother and just pay minimum. With this closing in July I'm trying to keep reserves also. But if it would help to pay at least a chunk then I will
I doubt it would make a difference if you paid a chunk toward the balances of your furniture cards if they are listed as installment loans. Pay your credit card to the 1%-9% like we suggested and check that your credit reports are accurate. Unfortunately credit is a journey and not a race so I'm not sure if you can get the results your looking for in that short of time but it will help.
Conn's has 2 types of accounts. The Yes money installment account and the revolving account backed by Synchony. My mom has the yes money installment account. It has not hurt her score. Installment accounts don't count towards utilization. Conns reports to all 3 bureaus.
It looks like you have 2 separate purchases at Conns. Plus you have the other furniture account plus the student loan. What is your Fico score?
Your entire file is installment accounts. I don't know what your income is and how old these accounts are but that may be the issue. Just keep paying on time and wait for the cli from Capital One and see how your scores do. It looks like the one revolving account you have has reported at over 30%, and that is why your score dropped. You have no revolving accounts aside from Capital One, and so 85% of your utilization is based on that one new small limit account. You probably could use about 2 more revolving accounts at some point to balance your file out.