HELP!! RECENT DROP IN CREDIT SCORES!!

[Anonymous]

Thanks for the reply! I am combing through the reports with a fine tooth comb to see what coul've happened. 

[Berk]

You said:

"We recently paid down another credit card to 25% utilization."

It could be something as simple as the above. And, were I in Vegas right now, that would be my bet. That has happened to me plenty of times over the years - I pay off a loan, or I put less spend on a credit card in a preceeding month, or I use an account that has been dormant for 3 months. Do look at your credit reports and CC statements but don't get overly woried with trying to figure out computer matrices. You will go crazy long before the computer. 

[Anonymous]

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@Berk wrote:

You said:

"We recently paid down another credit card to 25% utilization."

It could be something as simple as the above. And, were I in Vegas right now, that would be my bet. That has happened to me plenty of times over the years - I pay off a loan, or I put less spend on a credit card in a preceeding month, or I use an account that has been dormant for 3 months. Do look at your credit reports and CC statements but don't get overly woried with trying to figure out computer matrices. You will go crazy long before the computer. 

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+1. Especially re/ using an account that has been dormant.

Trying to figure out FICO scoring will usually only result in frustration. Sorry, OP. Perhaps things will balance out again next month.

[Anonymous]

Thanks for the reply! Yes, I'm trying not get overly worried about it

[Anonymous]

Yes, I'm not going to worry about anymore. I'm hoping things will balance out next month! I'll keep you updated!