Need some a answers... count find this anywhere. Credit score dropped after CLI.

[Anonymous]

Overall utilization is not the only concern here.  Did any INDIVIDUAL credit accounts go up in utilization themselves?  Say from 0% to 90% in the past month due to a balance transfer or large amount of charges?  Individual account utilization matters, too.

[Anonymous]

Very bizarre.  I guess it's possible you switched credit scorecards and now are considered a higher risk in that scorecard group but I am doubting it.  I'd go over your reports very closely and make sure that you didn't end up with any old faulty data pop up -- see if any accounts may have added a late payment report a year ago or so.

[Anonymous]

I sure will I'm at an appt right now when I get out I'll update you since I have access to my most recent report in about 2 hrs

[AverageJoesCredit]

I dont know , maybe its just me, call me coo coo for coco puffs, its just everytime i see Credit Karma or Vantage Score 3.0 mentioned and then stated that they arent real scores, i have to mention that they are real scores just ones the majority of banks dont use

If they werent real they wouldnt exist. Also big banks do give these out for free, ie Chase and Cap One, so obviously their is meaning there. Sure , Fico scores are more prevalent and i get that but i dont think we should tell people they have zero meaning or arent real. You can use them as a general feel for things and who knows you may one day end up with a lender who does use it . No offense to abyone who believes itherwise, just me and my average thoughts

[Meanmchine]

Take a look t your collection reports and check the date last reported. Also see date of status. Any of these report recently?

If that isnt it, you just might have been rebucketed

[SouthJamaica]

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@Anonymous wrote:
Alright my fellow credit achievers so yesterday I got a total shock. I've been working on my credit now for the past year. Recently I got a huge CLI on my JetBlue card for 3k so now it's at 6.5k. I'm like awesome my score will go up. NOPE. Went down a whole 35 points and nothing else changed. My credit ratio went down to like 29 points and was higher that's about it and everything has been paid on time with no hard or soft pulls. Can anyone explain this because I sure as he can't. Now the score I'm referring too it like the normal credit score you get off of credit karma and the like. My fico 9 score went up by 1 point though. Ugh why any answer would he appreciated. Thanks.

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Your FICO scores would not decrease due to a credit limit increase.

[Anonymous]

Alright so I took a gander as soon as I walked in and like I suspected no change at all except for the CLI. Nothing has fallen off nor are there any late payments. Maybe it is this rebucketing thing not sure what that is exactly though. 

[medicgrrl]

Look at the reasons for your scores and compare them to last time. What's changed? Also look to see if your AAoA or oldest account info has changed.

[Anonymous]

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@SecretAzure wrote:

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Credit Karma does not provide a real score. Don't go by that. That is all.

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Yes it does.  It provides VS 3.0 scores based on TU and EQ data.  They are real VS 3.0 scores. You can say that the VS 3.0 model isn't very relevant and that the scores aren't very meaningful, but they are in fact "real" scores.

OP, you said that while your VS 3.0 score(s) dropped significantly that one of your FICO 09 scores went up by a point.  I don't know much about the FICO 09 model, but assuming it's somewhwat similar to FICO 08 I would venture to guess that your FICO scores are just fine and didn't drop 35 points like your VS 3.0 scores did.  If you're willing to shell out $1, you can get your 3 FICO 08 scores from CCT to see where they stand.  I would not sweat a 35 point drop on the VS 3.0 model to be honest.

[Anonymous]

I did actually compare all 3 scores and nothing changed except for the CLI. I have no idea why it stopped so drastically and the only answer that seems to make sense is that I was rebracketed whatever that means.