UGH!! Score Drop!!!!

[Sitori]

I'm so mad!!!!!!! I closed my first premier last week bc I thought it was hurting me but apparently by me doing that it dropped me from a 693 to 680. **bleep**!!! this was on my score watch. I haven't looked at my TU yet, which I'm not even going to do bc ill probably flip out.

I have been doing everything to boost my scores and just paid off 2 cards and was hoping for an increase, but now I get this huge drop!!?

I should have just kept it open. It's a measly $300 CL..how could I affect me this much.

[Laugh]

It's probably because it was your oldest trade line and the other two cards are pretty recent.

Don't worry though. Your score will rebound little by little every month as long as you do your part. (Low util, no lates, no new accounts, etc.)

[09Lexie]

It can if your util is higher - did your other cc's with zero balances update? Do you have any cc's showing a bal?

[09Lexie]

A closed cc will still report and not affect your FICO - the util is what you have to worry about

[Sitori]

Well I opened it in July last year and my other accounts in Oct/Nov, so I Didnt think the few months difference would have that much of an affect.

My statement for my amazon card should be posting tomorrow. I paid that off. My cap1 I paid off last statement but haven't gotten any score increase from that. Credit Karma is still showing a balance for some reason.

Ill be checking this week to see if anything is posting a zero balance. I was really hoping to see that 700 after this. If I hadn't closed it I probably would have. Guess not now!

I am applying for new credit in a couple of weeks which is why I wanted the boost. I really hope this doesn't affect me now.

[Laugh]

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@09Lexie wrote:
A closed cc will still report and not affect your FICO - the util is what you have to worry about

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Ahh I see. Whoops. I read into CreditKarma too much. Haha

[09Lexie]

Let your cc's update. You should see some improvement.

[Sitori]

How could it drop that much with a $300 CL?? UTL wasn't affected that much

[09Lexie]

What is your current util reporting on your crs?

[Sitori]

Well Credit Karma was reporting 19% Before. But it seems to be way off score wise so I'm not sure how accurate it is