so everytime i get a score alert it doubles up on everything .
when going down that is.
but when a card is paid off it doesnt.
it seems unlikely that my score tanked almost 70 points due to utilization and one new account (no inquiry)
from the 4% to 21% thats currently reporting.
5 cards reporting instead of two.
according to ck these are my cards right now
Citizen's 0\5k
Citizen's 1176/2000 (actually its 800 now and planning on paying down too 400 before statement cuts)
Citizen's (400/500) will be paid off this month before statement cuts
Chase Freedom( 0/500) is actually 1k limit now and hasn't reported yet
Amex Zync-0
Best Buy-1739/2500 (1600 now waiting for update this week)(0% deal for 2 years and this is usually the only card i usually let report a balance)
Walmart-247/5k (already 0 hasnt updated yet)
Macy's 747/3.5k
American Eagle-0/700
Kohl's 0/400
obviously its alot but still 70 points to drop to 635!
maybe i should let me freedom report a 650 balance since my score is tanked anyways.(0% interest until july anyways)
all will be paid off by march! and 4 of my inq will be a year old
eq has my most inq's
tu-6 eq-8 ex-7
after feb 8th though only the ones under a year are
tu-5 eq-6 ex-5
and for fico purposes it actually one less on each because 2 inqs were for my car loan
all these cards should be paid off by their feb due dates aside from the best buy.
any other ideas?
i will try pulling my reports from annual credit after the 1st.
and my fico reports sometime after that for the scores.
i can use my credit secure for amex to check all three reports but im going to wait a few more days to do that.
i have no new inq's since 8-30
i do have one new account though. but it already reported. i got a seperate alert for it and there was no drop or gain what-soever.
since my aaoa is so tiny at 10 months, the opening the new account did not increase or decrease my aaoa
there was no inquiry for it.
i just think its crazy too lose that many points for using your cards.
i admit that according to my reports. 3 of the cards looks maxed... being
best buy, my 500 citizens, and my 2k citizens.
ill just be glad when my score goes back up next month when these cards are pif.
walmart hasnt reported being paid yet so hopefully that will make my score jump 20 points =) who knows anymore.
as for the alerts ill look at my settings.
It's probably your utilization, and number of accounts with balances. My EQ FICO was 711 in January when I had my reports optimized with only one account reporting a balance and below 9% of that card's CL. I've been carrying balances on two cards at 0% for a while and decided to check my score recently.
With the following, I was at 646 yesterday.
Amex SPG $4.9K/$27K
Chase Freedom $4723/$5500
Citi Forward $6132/$7000
I also had small balances reporting on my Amex Plat and PRG.
Because of having two cards maxed and balances on several accounts, it hit my score for 65 points.
Chase Freedom updated to $0 today, and I got an SW alert that my score raised to 653, still 58 points below my 711. My Amex SPG shoudl update to $2800 in a couple days (missed getting it under 10% because of some late posting transactions I forgot about), and Citi Forward should update to $2900 around Jan. 4 (might go ahead and pay this off, still debating as 0% goes through April). I'm guessing I'll see a more substantial increase once the Forward is no longer maxed out, and certainly if I decide to go ahead and pay it the rest of the way down.
In any event, my overall utilization is currently a bit higher than yours, so not precisely on point, but I think having a couple different cards with heavy individual utilization can have quite an effect.
Starting Score: ~500 (12/01/2008)update from amex!
weird with 20% util my cs scores went up 3 points to 718. i know it a fako but at least amex deems me somewhat worthy.