Valued Contributor
Gunnar419
Posts: 1,158
Registered: ‎01-23-2013
Re: Why does a small purchase send my score down 20+ points????

It's not the absolute size of the purchase. It's the percentage of your available credit that you're using -- which is a huge factor in scoring. The solution is either having a larger credit line or more credit cards, if you're comfortable with doing so.

 

The good news, of course, is that once you pay down those high percentage utilizations, your score should recover quickly.