My score got to 775 in December but has gone down 20 points since then. The last 4 EQ scorepower reports look like this:
Nov. 21 - 760
1 ding for a new account - 3 months old
Util = 24% / Rev. debt = $28,226
Dec. 7 - 775
1 ding for a new account - 4 months old
Util = 23% / Rev. debt = $27,882
Feb. 2 - 751
1 ding for high rev. debt $27,729, 1 ding for a new account - 6 months old
Util = 22% / Rev. debt = $27,729
Mar. 6 - 756
1 ding for high rev. debt $26,178, 1 ding for a new account - 7 months old
Util = 22% / Rev. debt = $26,178
I don't understand why my FICO score went down. My util % and revolving debt have consistently dereased and my new account keeps getting older. Those are all good things. Why would my score go down from December?
Was there some FICO scoring change at the end of 2008 that I don't know about? I really don't understand why I wasn't dinged for amount of revolving debt in Nov and Dec, but now I get a ding for it in both Feb and March.
I'm so confused. What could have caused the drop in scores? I really liked that 775. I liked it so much I refused to change my siggy. 