04-20-2013 08:49 AM
I update my TU Vantage score daily. This morning I click update and much to my surprise it dropped by 40 points since yesterday! The only change was that my Barclay card utilization jumped up from $1600 to $2000 and the card has a $2200 limit. My overall utilization on all cards is still at 38%. Does it make sense that such a small increase on a single card would drop my score so drastically?
I checked my TU FICO and it hasn't changed.
04-20-2013 11:19 AM - edited 04-20-2013 11:19 AM
Your debt increased 25% on this card. I don't think that qualifies as a small increase.
04-20-2013 01:15 PM
04-20-2013 01:17 PM
Thanks for the explanation. I would have thought that dropping my total utilization down from 44% to 38% would have helped but that only bumped me about 5 points.
Surprisingly my FICO score doesn't seem to have been affected from this.