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Don't understand score decrease

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Anonymous
Not applicable

Don't understand score decrease

So I got an alert feom experian. Credit limit went up on 1 card, balance decreased on 2 cards. And my score dropped 7 points. Can someone help, trying to get a mortgage loan this year.
Message 1 of 4
3 REPLIES 3
AllZero
Mega Contributor

Re: Don't understand score decrease

We would need to know more information to give you some feedback.

 

In the meantime, I would recommend reading the below from ABCD2199
The Truth about Credit Card Utilization

 

Free mortgage scores

Message 2 of 4
SouthJamaica
Mega Contributor

Re: Don't understand score decrease


@Anonymous wrote:
So I got an alert feom experian. Credit limit went up on 1 card, balance decreased on 2 cards. And my score dropped 7 points. Can someone help, trying to get a mortgage loan this year.

You did not get a score decrease from your credit limit going up or from your balance decreasing on 2 cards. So look for something else which caused it, because those are not the cause.


Total revolving limits 569520 (505320 reporting) FICO 8: EQ 699 TU 696 EX 673




Message 3 of 4
Anonymous
Not applicable

Re: Don't understand score decrease

Great advice above.
Message 4 of 4
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