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New Member
Wckd79
Posts: 2
Registered: ‎03-05-2013

40pt drop in score with credit card purchase

In a matter of 2 weeks my fico score went up from 707 to 722 then down to 687. The only alert I got was for a increase in a Macy's card balance. Which was paid off on time. No late fees or payments. I don't get it. Why did I get hit with a 40pt hit?
Established Contributor
Simply827
Posts: 642
Registered: ‎10-15-2012

Re: 40pt drop in score with credit card purchase

It sounds like you didn't pay your Macy's bill before the statement came out. Therefore the account reported with a high balance and you lost points for utilization.


Starting Score: 515
Current Score: EQ 675 EX 663 TU 683
Goal Score: 700+

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New Member
Wckd79
Posts: 2
Registered: ‎03-05-2013

Re: 40pt drop in score with credit card purchase

Oh shoot. Ok, that makes sense. But you think that's worth a 40pt drop?
Contributor
cabronsaim
Posts: 134
Registered: ‎03-28-2012

Re: 40pt drop in score with credit card purchase

That depends in how much of your total Util are you using on all of your CC's , and yes, its very possible.
3/30/12: EX: 680 TU:667 EQ: 655
4/14/12: EX: 680 TU:678 EQ: 670

BOFA: 0/1k / CAP1: 0/1.75k / CITI: 700/2k / AMEX Gold:NPSL
Moderator
Shogun
Posts: 10,925
Registered: ‎04-15-2011

Re: 40pt drop in score with credit card purchase

You can see some significant changes due to util changes.


Starting Score: 504

Current Score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
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