topic Re: 15 point CK drop!?!? in General Credit Topics

15 point CK drop!?!?

stealthc63 — Mon, 31 Dec 2012 02:06:15 GMT

So I logged onto CK today and noticed that my score dropped 15 points!!! The only thing that changed was my utl from 30 to 31%. Am I missing something here or is 1% really that big of a deal???

Re: 15 point CK drop!?!?

kekrre — Mon, 31 Dec 2012 02:19:47 GMT

@stealthc63 wrote:
So I logged onto CK today and noticed that my score dropped 15 points!!! The only thing that changed was my utl from 30 to 31%. Am I missing something here or is 1% really that big of a deal???

CK is really sensitive to utilization. I went from 10% to 45% for the holidays (was briefly reporting two large balances on different cards due to update cycles) and my CK score dropped from ~740 to ~660. USAA's tracker didn't care at all. Both USAA and CK significantly underestimate the true FICO that Discover and BoA sent to me. I woulnd't worry about it. At all.

Re: 15 point CK drop!?!?

Joesh — Mon, 31 Dec 2012 02:52:37 GMT

My score also just droppd 15 points. I opened 1 new credit card and my UTIL went from 4% to 2%, no hard inquiries on TransUnion, but score dropped 15 points.

Re: 15 point CK drop!?!?

RonDawg — Mon, 31 Dec 2012 02:57:18 GMT

@Joesh wrote:
My score also just droppd 15 points. I opened 1 new credit card and my UTIL went from 4% to 2%, no hard inquiries on TransUnion, but score dropped 15 points.

your score may have dropped due to AAOA the new account would have lowered your AAOA.

Re: 15 point CK drop!?!?

Walt_K — Mon, 31 Dec 2012 03:01:36 GMT

I've had my CK score move all over the place when I couldn't figure out any differences in my report and I wasn't seeing any change in my FICO score during the same period. I honestly don't think it's worth trying to figure out why your CK score is changing.