62 point drop in one month.

[goosedog]

AEO Visa: 1855/2300 (80% UTIL/Well above the 30%)

Citi Forward: 1370/1500  (91%$ UTIL/MAXED OUT CARD)

CapOne: 660/700 (95% UTIL/MAX OUT CARD)

Chase Amazon: 250/500 (50 % UTIL, well above the 30%)

AE Store CC: 0/700 (0% UTIL/That will hurt for scoring since you should at least have 1% balance otherwise FICO scores as not being used)

That's why you had a huge drop in your scores.

[Dubious]

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@goosedog wrote:

AEO Visa: 1855/2300 (80% UTIL/Well above the 30%)

Citi Forward: 1370/1500  (91%$ UTIL/MAXED OUT CARD)

CapOne: 660/700 (95% UTIL/MAX OUT CARD)

Chase Amazon: 250/500 (50 % UTIL, well above the 30%)

AE Store CC: 0/700 (0% UTIL/That will hurt for scoring since you should at least have 1% balance otherwise FICO scores as not being used)

That's why you had a huge drop in your scores.

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goosedog, that's exactly what I was planning to do! However, one correction. It is okay for balances to report as 0. You just need 1% on one card. As a matter of fact, one of the factors that come into play is the number of cards reporting a balance. Scores get dinged for having too many cards reporting a balance. 

[09Lexie]

^^^ exactly!

[Dubious]

Wally, interest rates will come into play here but for now, to save your score I would put any extra money into the CapOne card that's at 95% and the Citi card that's at 91%. Since the Citi IS at 0% interest, you don't have to pay it down that much for now. Just pay it off a bit, and you can move on to another card that has a high interest/high util.

I noticed also that you have a small balance on your Walmart card. If you can pay that off then you would have one less card with a balance. 

As of right now, you have 5 out of 7 cards with a balance, and 3 of those have 80% util or higher. This is what's killing your score. 

[chnceit]

I honestly think at this point it would be hard for you to get a student loan with that debt. Pay down your balance or go to your local bank (credit unions are great) and consolidate!

[WallyxD]

Lexie, I've had my AE Store Card since 9/12, AE Visa and Walmart since 4/13, and Paypal since 6/13.

The thing though is that my Citi has had that balance for going on two months, same goes for my AE Visa. The only real difference in utilization between this month and last month is Capone. I will work on putting a dent in CapOne and Citi and will ask my mom again when she could start reimbursing me. I hope to have a handle on everything soon. When I do reach my goal of <10%, I will definitely make another post and hope you guys see it. Thanks again everyone.

[Dubious]

If you pay down that CapOne you will definitely see some results.

Good luck, keep us updated!