Fico score dropped but why?

[Jojo567]

So today I refreshed my Fico8 scores and all showed nearly a 30 point drop and I don't know why? Last month all my score was between 765‐778 and now they are between 725-740.

Accounts 

PNC auto loan opened 1/19

12051 balance/16119

Amex opened 1/20

171/4100

Capitol one opened 1/19

103/600

Capitol One opened 8/19

451/3500

Discover opened 5/19

460/2250

Petalcard opened 4/19

0/500

PPMC opened 7/19

857/8000

UTI: 11٪

AAOA: 1y8m 

1 inq in the last 12 months on experian for Amex 

No lates or collections

What could cause this and should I be worried my lenders cut my limits?

[AllZero]

Where your individual and aggregate utilization the same?

Have you compared your before and after reports?

[Anonymous]

@Jojo567 Sorry to hear about the drop and I know how perplexing it can be. I was wondering if you could confirm where you are getting your scores from and also when you pulled your scores the last time? I'm assuming that everything has been paid on time? 

It looks like you are carrying balances on all accounts with the exception of the Petal card. When your scores were reporting higher, did you have more accounts with a zero balance?

I'm a newbie but I'm sure some of our MAJOR gurus will weigh in like @Anonymous  (thank you for all your help Birdman) and give you some things to consider that may have made a difference and caused the drop.

[Anonymous]

It looks like you only provided the "after" data, that is the current credit report data that resulted in your most recent (lower) scores.  You'd need to provide the "before" data in order to see the differences and to determine why your scores have dropped.

[Anonymous]

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@Anonymous wrote:

It looks like you only provided the "after" data, that is the current credit report data that resulted in your most recent (lower) scores.  You'd need to provide the "before" data in order to see the differences and to determine why your scores have dropped.

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I second this. It's impossible to do a before and after comparison when we are missing half of the equation.

throwing spaghetti at a wall, did anything positive age off your reports?

edit:grammar typo

[Anonymous]

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@Jojo567 wrote:

So today I refreshed my Fico8 scores and all showed nearly a 30 point drop and I don't know why? Last month all my score was between 765‐778 and now they are between 725-740.

Accounts 

PNC auto loan opened 1/19

12051 balance/16119

Amex opened 1/20

171/4100

Capitol one opened 1/19

103/600

Capitol One opened 8/19

451/3500

Discover opened 5/19

460/2250

Petalcard opened 4/19

0/500

PPMC opened 7/19

857/8000

UTI: 11٪

AAOA: 1y8m 

1 inq in the last 12 months on experian for Amex 

No lates or collections

What could cause this and should I be worried my lenders cut my limits?

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@Jojo567 yes we definitely need more before and after information, there's a great spreadsheet created by ccquest linked in my signature.

if you could do one from before and after it would allow us to see the changes. that would allow us to help. 

thank you for the kind words @Anonymous !

[SouthJamaica]

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@Jojo567 wrote:

So today I refreshed my Fico8 scores and all showed nearly a 30 point drop and I don't know why? Last month all my score was between 765‐778 and now they are between 725-740.

Accounts 

PNC auto loan opened 1/19

12051 balance/16119

Amex opened 1/20

171/4100

Capitol one opened 1/19

103/600

Capitol One opened 8/19

451/3500

Discover opened 5/19

460/2250

Petalcard opened 4/19

0/500

PPMC opened 7/19

857/8000

UTI: 11٪

AAOA: 1y8m 

1 inq in the last 12 months on experian for Amex 

No lates or collections

What could cause this and should I be worried my lenders cut my limits?

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1. We need to know where you're getting your scores from.

2. As others point out, we would need the before data and the after data.

3. We also need to know age of oldest account.