01-16-2012 01:28 PM
My credit score dropped from 749 to 651 in a month after opening a new Amex blue cash everyday card. Any idea why there is such a huge drop?
I have 5 open accounts and my average age of open credit lines dropped from 9 months to 8 months.
Credit card utilization stays 1-9% for 5 months
Total credit line is 9500.
Hard credit inquiries: 6
01-16-2012 01:30 PM
Are you sure no new derogatory information has been reported to the CRA's? I would think your scores wouldn't drop that much with a new open account.
01-16-2012 08:11 PM
Where did your score come from, and was the beofre and after score from the same source?
+1 I've seen my silly FAKOs do that, but FICO seems to not mind as much.