OMG! My scores dropped 75 points!

[diva0969]

Help!  My scores tanked last month.  After making gains on all three reports, my scores took a skydive with the addition of two new accounts and several inquiries while car shopping.  Three more new accounts have yet to show up and the balances I've paid to zero/paid down signficantly aren't showing up yet either.  That in itself is rather strange as for the past several months they've updated consistently, but now that I've paid a couple of them completely off, and two down to less than 50% util, they haven't updated.

So how long before my scores show an increase again?  I'm sad.

[sexyladyshaq]

The same thing happened to me, but as those accounts start to age, you will see your points slowly increasing.

[diva0969]

bump

[Anonymous]

How long ago did you pay them down to zero?

[diva0969]

Around the third or fourth of May.  My BofA reported its new balance at the statement date, but my BB Mastercard has not reported yet.  And they have up to this point always reported at the end of the month. I know it takes time, but I thought they would have reported by now.  I guess maybe I'm impatient.

Message Edited by diva0969 on 06-04-2008 05:10 PM

[coachhenson]

I was able to pay the balances in full on every credit card I own back in May.  They still aren't reflecting on my reports.  It's amazing how some of my cards update to the CRA's twice a month but now that I have NO revolving debt, it hasn't updated yet. I was expecting a nice jump in scores.

[diva0969]

Same thing here.  When I was at 92% util, they reported like clockwork, but now that I've paid two off and most of the rest down to less than 50%, they won't update.  I'm really sad.

[Anonymous]

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@diva0969 wrote:

Same thing here. When I was at 92% util, they reported like clockwork, but now that I've paid two off and most of the rest down to less than 50%, they won't update. I'm really sad.

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Sorry to see that!....I put 10 grand on my one card and went down 32 pts. STUNK!