topic Re: 28 point drop overnight with cc purchase in Understanding FICO® Scoring

28 point drop overnight with cc purchase

Anonymous — Fri, 08 Mar 2013 22:50:27 GMT

My credit card balance was 1400 yesterdday. No payment is due, no late fees, nothing of that sort, nor did the $1400 post on a statement since that's another 2 weeks out. Can someone explain why this was sighted for my score going from 807 to 779? Thanks.

Re: 28 point drop overnight with cc purchase

Anonymous — Sat, 09 Mar 2013 02:21:31 GMT

Did you get something saying your scored dropped for that reason?

If nothing has posted yet, I don't see how that could be the culprit. Are you sure it wasn't something else.

Re: 28 point drop overnight with cc purchase

Anonymous — Sat, 09 Mar 2013 04:34:27 GMT

Yes, the myFICO score watch said that was the reason...I don't really get it. I'd understand if it posted to a statement, but that, time-wise, is over two weeks away. The credit limit is $8k, the balance was $1400. Seems likes a big hit, especially since I normally have around $2k on one of my two cc at some point and pay it off before it's due. But at any given point, I may have $2k or so on there.

The other cc has a credit of around $200 right now.

Re: 28 point drop overnight with cc purchase

Adalen — Tue, 12 Mar 2013 15:13:01 GMT

Sounds like your CC company did a mid-cycle update. You should probably contact them and ask why.