EX score down to 683 from 710?

[WallyxD]

Mint emailed me that my CC util was 77%, but that was only one card, it's only 39% across both credit lines. In addition to the 39% util, I've only had a 1 new inq posted.  How is it that my score dropped 27 points from just those two things?

[MovingForward_2012]

It dropped due to the inquiry and increased utilization.

[xiownthisplacex]

Fico takes into account util from total and individual cards. Optimal util is 9% (as others have found). And a HP does affect your score short term, but it should bounce back up with time.

[LS2982]

You said this is an EX score where did you get it from?

[WallyxD]

Yes I know they were the reasons, I just didn't think I'd see that much of a drop, now I'd understand if util was say, 50%, but 39% and one inq doesn't seem that big of a deal for that big of a drop

[xiownthisplacex]

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@WallyxD wrote:

Yes I know they were the reasons, I just didn't think I'd see that much of a drop, now I'd understand if util was say, 50%, but 39% and one inq doesn't seem that big of a deal for that big of a drop

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It's because one of your cards is at 77% now (almost maxed out), which Fico Scoring takes into account. Not just your overall util is used, but individual as well.

[WallyxD]

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@LS2982 wrote:
You said this is an EX score where did you get it from?

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They were listed on my two denials. (I forgot about the one app, so I guess now it's the util and 2 inqs that affected my score).

[SnackTrader]

Are you sure you're comparing the same scoring models? Remember, there are FICOs and FAKOs - and even within FICOs there are variations. Given that it is EX, you are likely looking at a FAKO and shouldn't necessarily depend on the score. However, if your utilization did indeed increase to 77%, you would likely see a reduction in your FICO as well, but the amount of that reduction may differ. 

Edit: You posted while I was typing. Potentially different EX models. Which lenders provided which scores?

[LS2982]

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@SnackTrader wrote:

Are you sure you're comparing the same scoring models? Remember, there are FICOs and FAKOs - and even within FICOs there are variations. Given that it is EX, you are likely looking at a FAKO and shouldn't necessarily depend on the score. However, if your utilization did indeed increase to 77%, you would likely see a reduction in your FICO as well, but the amount of that reduction may differ. 

Edit: You posted while I was typing. Potentially different EX models. Which lenders provided which scores?

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Unless they were AMEX denials I wouldn't put too much stock in those being EX FICO's.

[distantarray]

it takes single card utilization and average across the board in calculation of your score.

Debt/credit ratio is 30-35% of your score, it's not unusual to see close to 100 point difference between 0 to 100% utilized.