27 point drop in two weeks.

[user5387]

This is a very old thread.

Utilization is proportion of balances on accounts to the limits on those accounts.

For example, if you have a CC with a $1000 limit, and a $250 balance, then utilization is 25%.

HIgh utilization typically drives down credit scores.

[freedom55]

Thanks for the reply  The information was very helpful.

[dominow]

It appears as if there are no rymes or reasons. i've had mine dive like yours has. from the knowledge that i've acquired here suggests that the score that you are referring to is only one that the many lenders may or may not see. lenders actually see different numbers than we see. the other 2 scores for you might be higher than your 718 number. when my number hit 693, i immediately looked at the other credit reporting co's. find out i'm in mid 700's with them. best knowledge learned on this forum is pay everything on time, every time, keep utilization low, too many inquiries can be harmful. what i've discovered personally, is that a mortgage in your history is probably the best thing to help keep you looking responsible to the lenders that tend to look past the numbers.

[nvangel08]

I am really new to all of this so I want to thank all of you for your very clear and useful information. I won't say what my score is because it is not good at all but hopefully if I pay very close attention to all the wonderful advice my score will be as high as you all in no time!