@lhcole77 wrote:
@Anonymous wrote:One of the metrics included in Fico scoring is amount of available credit. The premise being that the more there is available, the more risk there is. You probably hit some formulaic threshold that triggered a slight drop.
This is the first time I've heard of this. Curious to know where you got this info.
Sources are indeed helpful.
Frankly there's lots of changes even in my file every single month; this is especially true when building credit. Not every little thing is reported by the monitoring solution, eventually people's score goes to roughly steady state, and then there's fewer of the random ups and downs. Mine is nearly uniquely: 4 credit cards report a balance, lose 3 points. Go back down to 3, gain 3 points, but that's several years into this mess.
Focus on the report data, if you have a pretty report you'll get a pretty score, that's pretty much all there is to it. A few points either way honestly doesn't matter in 99.999% of the situations, and worrying about it is simply unecessary stress.
