HUGE score drop from new card

[woozy]

Three months ago I got a Slate 0% interest card for the sole purpose of transferring a balance and increasing utilization. I transferred $3000.00 to the Slate, paid off the $300 or so left on the other card, and it's now at $0. I have $4000.00 on another card  My total debt is 3%-4% of income. My utilization is around 30% now.

My score has from 740 to 681! 

It's been 3 months, and it's not correcting.

Somebody please help me understand what is happening. 

[driftless]

How are you checking your scores? Could it be that Slate is reporting the new $3,000.00 balance while the old card has not yet reported the pay off?

[Revelate]

What's the limit on the Slate?

Also which score are you looking at specifically?

[woozy]

I looked at all 3, supposedly FICOs through my bank. They all look sad. The Slate only gave me $3000, and I had another card at about $3000, so I transferred that one.

How can the $0 balance card still be reporting after 3 dang months? I hope it's that.

I'm worried because my account mix is very poor (all credit cards, being punished for not buying cars and boats) and I have further altered my bad mix. You just never know what weird thing will bite you.

[driftless]

Again, I don't think that looking at your scores is enough, you need to see exactly what is reporting.

[Anonymous]

You'd probably benefit largely from the installment loan technique described on this forum multiple places as you only have CC's on your profile now.

[woozy]

OK. I hadn't considered that. I'll do that when I get this score fixed. I hope I get the score fixed. 

[Revelate]

What bank?

CC's offer individual credit scores, but no bank offers 3 FICO scores, none.  Most likely it's Vantage.

[woozy]

Eh. I'll go pays me money and get real scores. Most likely it's the unreported paid balance. THANKS!

[Anonymous]

If I understand you got a Slate with a $3000 limit and transferred $3000 to it?  If that's the case and you haven't paid it down yet it could because that card is 'maxed out'.