08-27-2007 05:20 PM - edited 08-27-2007 05:23 PM
08-27-2007 05:32 PM
08-27-2007 05:37 PM - edited 08-27-2007 05:42 PM
HouseHunter wrote:I received an alert today that my score decreased by 29 points because I have too many accounts with balances. Only 3 accounts out of 6 have a balance and my total utilization is 8%. And it's only that high because of my recent computer purchase. That is the only reason cited for the decrease. I don't understand.
Message Edited by HouseHunter on 08-27-2007 08:23 PM
08-27-2007 05:39 PM - edited 08-27-2007 05:42 PM
08-27-2007 05:56 PM
MidnightVoice wrote:The question becomes - what were your scores?I got a big hit from the high 700s due to a temporary high util (20%) but it all came back over the next two month
08-27-2007 05:57 PM
I would assume you charged the computer on a credit card, but just asking if anyway if you opted for a payment plan on the computer?
Message Edited by ilovepizza on 08-27-2007 05:42 PM
08-27-2007 06:02 PM
08-27-2007 06:17 PM
08-27-2007 10:06 PM - edited 08-27-2007 10:12 PM
That would explain much. New account point loss + balance. It will rebound after PIF and "60 days for the new fresh account status to dry up". I think you already counted the loss from the inquiry. Temp score drop sounds about right. No worries.
HouseHunter wrote:No, no payment plan. It wasn't financed...I applied for and received the Circuit City card at the time of purchase.
08-28-2007 07:11 PM - edited 08-28-2007 07:11 PM