I feel your pain. While I haven't been as disciplined as you, I was perhaps a little too cavalier recently, and a combination of dropped AAoA, more than 1 in 3 cards reporting, 2% util (instead of between 0 and 1 percent) due to a couple of extraordinary expenses, and a stoopid 6 pulls on EX has me below 800 for the first time in a couple of years.
That said, my overall finances are in better shape than ever, so it's just a matter of not adding cards for a bit and the ship should right itself forthwith. (Indeed, EX's score simulator has me up 5 points next month.)
Time heals all FICO wounds.
@SouthJamaica wrote:Well, my worst fears were realized.
My EX FICO 8 dropped a whopping 26 points due to my removal from the "no new accounts in 12 months" scorecard.
Whew.
That is quite the hit
.. you know what they say; "It is the price you pay for credit"
One thing I never have to worry about, as I am always at max penalty, due to my non-gardening credit behavior.
Always at new account max penalty.
My FICO8 did not budge for almost a whole year. Just thought it was a broken clock, like me
@expatCanuck wrote:I feel your pain. While I haven't been as disciplined as you, I was perhaps a little too cavalier recently, and a combination of dropped AAoA, more than 1 in 3 cards reporting, 2% util (instead of between 0 and 1 percent) due to a couple of extraordinary expenses, and a stoopid 6 pulls on EX has me below 800 for the first time in a couple of years.
That said, my overall finances are in better shape than ever, so it's just a matter of not adding cards for a bit and the ship should right itself forthwith. (Indeed, EX's score simulator has me up 5 points next month.)
Time heals all FICO wounds.
Thanks for giving me the benefit of the doubt, but the long drought wasn't due to my "discipline" (I have none). It was due to no applications being granted, due to my creeping utilization 
@Phana24 wrote:
@SouthJamaica wrote:Well, my worst fears were realized.
My EX FICO 8 dropped a whopping 26 points due to my removal from the "no new accounts in 12 months" scorecard.
Whew.
Relax, SJ, that's the whole point of doing what we do. We get our scores where they need to be to get the card, loan, mortgage, etc. that we
needwant, and we are prepared for the worst-case scenario. For me, this sure beats the hell out of the days(pre-My Fico Forums) where I'd get rejected early in my rebuild because Credit Sesame said I was a great match, and then I have another inquiry with ZERO to show for it.
That is a very good point. Until I started getting into this subject, I really had no clue how this stuff works, or where I stood in the credit world. And yes, the first source I turned to was Credit Karma, which gave me a whole lot of misdirection, especially giving me the impression that the more accounts I opened, the higher my scores would be.
As the headline of the original post in this thread indicates, I was fully expecting to take the beating I took, and do understand exactly what caused it. And as you say, it is much better to be in that position than to be caught unaware.
And I do love the card I just got, and the credit union I got it from, so it was worth it I guess.
Update 12/23: My TU FICO 8 dropped 18 points. And my EQ FICO 8 dropped 12.
@SouthJamaica wrote:Update 12/23: My TU FICO 8 dropped 18 points. And my EQ FICO 8 dropped 12.
All quite sensitive. What's your overall util?
Starting Score: 469
@Junejer wrote:
@SouthJamaica wrote:Update 12/23: My TU FICO 8 dropped 18 points. And my EQ FICO 8 dropped 12.
All quite sensitive. What's your overall util?
35%.
@SouthJamaica wrote:
@Junejer wrote:
@SouthJamaica wrote:Update 12/23: My TU FICO 8 dropped 18 points. And my EQ FICO 8 dropped 12.
All quite sensitive. What's your overall util?
35%.
Will be an interesting science experiment to see if the sensitivity lessens when you hit 28%, then 8%. I had two new accounts report this month and my score dropped a bit, but I'm guessing it was due to too many accounts with balances versus taking a new account hit. The minute the next account reported $0 balance, the scores rebounded. Now 3/7 are reporting a balance. Next week, there will be 2/7 reporting a balance, and I expect another bump.