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8 point drop

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Anonymous
Not applicable

8 point drop

My score just hit 806 and today I got an alert that it dropped to 798.  The reason is:

 

  Your FICO® score decreased to 798 on December 17, 2008.
This score decrease may be caused by this new reason:

  • You have too many credit cards carrying balances.

 

2 of my 7 cards reported a balance, which were increases.  One from $1700 to $3000 (which I paid down to $2600 already) and another from 0 to $119 (which I have already PIF, dang it!)

 

Message 1 of 2
1 REPLY 1
Anonymous
Not applicable

Re: 8 point drop

I just checked and my Wamu card that reported a balance of $119 actually has a CREDIT balance because of a returned item at Overstock.

 

WaMu MasterCard® credit card
ending in -xxxx

Account information as of 12/19/08

Current Balance: -$26.49  

Minimum Payment: $0.00

 

 

 

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