New Inquiries, accts and higher balances = 50 point drop

[Bella1980]

My Experian report dropped 50 points and the only change on my reports from my last pull was the reporting of my new accounts and balances reporting. The balance problem should be fixed by the time the cards next report because I have paid them all off now. I knew that my scores had tanked because they tanked on Truecredit as well. And I had been told by some people on here that would most likely happen. What is weird is that my Equifax score went up. Just wanted to let people know what can happen when you get new accounts!

[llecs]

It is the addition of the new accounts that likely hurt. My scores increased with the addition of my first 3 CCs, but tanked about 15-25 points each with the addition of each new account beyond that. However, any loss from this was short-lived by 4-6 months.