cancel
Showing results for 
Search instead for 
Did you mean: 

So Frustrated!!!

Established Member

So Frustrated!!!

Been trying so hard to just focus on paying things down and my scores were starting to climb up. Now they are way back down again because my mortgage got bought out from BofA to M&T. On my report is now shows B of A paid and that I no longer have a mortgage. It took my score from 671 to 636. EQ Smiley Sad

 

My utilization in the past month has gone from bout 80% to now bout 55% and going down. I'm doing all I can to just keep paying things off and have paid 4 cards off in the last month and a half. Still have bout 4 to go.

Last baddies were a 30 day late from 3/2010 and a 30 day late from 10/2011. That's it. I realize my utlization is what's killing me right now but that much?? Did the morgage make my scores drop??

Just so frusttrated.

EX 722
EQ Fako 723
TU Fako 724 -
Discover 755
Cap 1 - 747
Message 1 of 4
3 REPLIES
New Contributor

Re: So Frustrated!!!

I took a 26 point hit because my util went from 17% to 23%. Makes  no sense to be but thats how it's set up.

Message 2 of 4
Epic Contributor

Re: So Frustrated!!!


Bella143 wrote:

Been trying so hard to just focus on paying things down and my scores were starting to climb up. Now they are way back down again because my mortgage got bought out from BofA to M&T. On my report is now shows B of A paid and that I no longer have a mortgage. It took my score from 671 to 636. EQ Smiley Sad

 

My utilization in the past month has gone from bout 80% to now bout 55% and going down. I'm doing all I can to just keep paying things off and have paid 4 cards off in the last month and a half. Still have bout 4 to go.

Last baddies were a 30 day late from 3/2010 and a 30 day late from 10/2011. That's it. I realize my utlization is what's killing me right now but that much?? Did the morgage make my scores drop??

Just so frusttrated.


Revolving utilization is a huge factor in your score.  Getting that down to one card reporting at 9% or below while leaving the others at 0 will help your score a lot,

 

Hopefully the new mortgage company will start reporting soon and bring your score back up.

Message 3 of 4
Super Contributor

Re: So Frustrated!!!


guiness56 wrote:

Bella143 wrote:

Been trying so hard to just focus on paying things down and my scores were starting to climb up. Now they are way back down again because my mortgage got bought out from BofA to M&T. On my report is now shows B of A paid and that I no longer have a mortgage. It took my score from 671 to 636. EQ Smiley Sad

 

My utilization in the past month has gone from bout 80% to now bout 55% and going down. I'm doing all I can to just keep paying things off and have paid 4 cards off in the last month and a half. Still have bout 4 to go.

Last baddies were a 30 day late from 3/2010 and a 30 day late from 10/2011. That's it. I realize my utlization is what's killing me right now but that much?? Did the morgage make my scores drop??

Just so frusttrated.


Revolving utilization is a huge factor in your score.  Getting that down to one card reporting at 9% or below while leaving the others at 0 will help your score a lot,

 

Hopefully the new mortgage company will start reporting soon and bring your score back up.


Yes it will bounce back so don't be frustrated scores can change daily and when the new mortgage reports it may go higher

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 4 of 4