topic Re: I'm so depressed.... in Understanding FICO® Scoring

I'm so depressed....

Anonymous — Fri, 26 Jun 2015 01:15:15 GMT

Went on vacation...carded 30% or less of my avail credit on 4 cards 5 mos or more aged (Amex reported back to 1984). Previous PIF always. Within days of my statements being received, I lost 33 points on EQ which was my prized score. While I can't PIF this mo., I know scores will creep back up as I pay down w/out using cards further. But what does FICO expect??? Sock drawer all your cards except for one? I find this all very confusing.

Re: I'm so depressed....

Anonymous — Fri, 26 Jun 2015 01:28:06 GMT

@Anonymous wrote:
Went on vacation...carded 30% or less of my avail credit on 4 cards 5 mos or more aged (Amex reported back to 1984). Previous PIF always. Within days of my statements being received, I lost 33 points on EQ which was my prized score. While I can't PIF this mo., I know scores will creep back up as I pay down w/out using cards further. But what does FICO expect??? Sock drawer all your cards except for one? I find this all very confusing.

The more I try to make sense of it all, I get more confused too!

Re: I'm so depressed....

Anonymous — Fri, 26 Jun 2015 01:36:58 GMT

I am about to vacation and will be using two cards up to about 30%. I was wondering what would happen to my scores. I think I have my answer. The good news is your scores will go up again, as you said. Sigh...

In my wallet: Capital One (secured) 1917; Quicksilver 5000; Venture 15,000; Barclay Apple Rewards 2000; CareCredit 3300; Bank of America Platinum Visa 2000; Bank of America Travel Rewards 3500; Bank of America Travel Rewards 3500; Amazon Store Card 5000; Discover 10,000. Total Credit: 51,217.
6/19-FICO: EQ - 782; TU - 769; EX - 681; GOAL: 780 across the board. Gardening until further notice.

Re: I'm so depressed....

NRB525 — Fri, 26 Jun 2015 02:30:58 GMT

@Anonymous wrote:
Went on vacation...carded 30% or less of my avail credit on 4 cards 5 mos or more aged (Amex reported back to 1984). Previous PIF always. Within days of my statements being received, I lost 33 points on EQ which was my prized score. While I can't PIF this mo., I know scores will creep back up as I pay down w/out using cards further. But what does FICO expect??? Sock drawer all your cards except for one? I find this all very confusing.

How much are your card limits, what was the statement balance prior, and then how much did you charge on each card to get to ~30%?

What were your starting scores and the changes in the scores?