@Anonymous wrote:
@joeyv1985From the information received, I can’t determine the cause either. Have you checked to see that any instalment loans were properly credited and lowered your amount owed? From the previous month?
Hello Birdman,
I Checked the reports and both installment loans(Auto and Mortgage) show a decrease in the principal and payments are on time. The only thing I can think of is the Credit Utilization on my Chase Sapphire breached the 50% limit($2538/5K)once the new billing period started 7/21. I quickly paid $1K to bring it down, unfortunately scores took a 11-13 point hit between 7/21-7/22. Here's a breakdown of my Credit Cards:
Card July 13 Report Balance Aug 13th Report Balance Current
Credit One $0/$4K $0/$4K $0/$4K
Citi DC $6/$11,000 $0/$12,500 $0/$12,500
Citi AAD $1,082/$8,500 $600/$8,500 $565/$8,500
Chase SP $1,620/$5K $2,538/$5K $358.19/$5K
Be advised that the balances on the credit cards you see in the July/August reports are what was reported to the CB and they are PIF. I usually pay my CC's in full every month. Current balances are a reflection of what has been charged after the previoous invoices were paid in full. No HP's popped up since April. And as mentioned 1 inquiry dropped off since the July report. Let me know what you think.
