Score dropped with Balance decrees by 18 points?

[MrFlower]

I reicived a SW today.

The changes listed to my credit report was a $794 drop in a balance; and a massive score drop.

The score droped 18 points. From 749 to 731. With the reason of "You've recently been looking for credit."

I pulled AMX CS and my last HP was 4/11/13.

ANy ideas?

[cashnocredit]

It's not a "massive" score drop. It's well within the normal variations in FICO scores over time. There are many reasons a score could drop 10 or 20 points such as a slightly longer time that a LOC was unused or a minor rebucketing.

[Anonymous]

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@MrFlower wrote:

I reicived a SW today.

The changes listed to my credit report was a $794 drop in a balance; and a massive score drop.

The score droped 18 points. From 749 to 731. With the reason of "You've recently been looking for credit."

I pulled AMX CS and my last HP was 4/11/13.

ANy ideas?

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What are your current scores?  The higher they are the more of a drop you will see for different things.  But dropping for a decreased balance doesn't seem normal.

Are you absolutely sure nothing else changed?

[llecs]

OP, do you have any baddies reporting, like 90+ lates, CAs, COs, BKs, etc.?

Absent any of the above, my vote is rebucketing since all of your accounts change age on the 1st and most rebucketing events occur on that day. 18 isn't bad at all and if rebucketed (vs. status changes, CLD from the paydown if a CC, dropped account (very likely scenario since most drop on the 1st), etc.) it means that you are in a position for a better score later.

[MrFlower]

No baddies of any sort ever.

		10/2/2013	731	Score Watch® alert: Your score has dropped.	Yes
		9/25/2013	749	Score Watch® alert: Your score is unchanged.	Yes
		9/20/2013	749	Score Watch® alert: Your score has dropped.	Yes
		7/11/2013	756	Score Watch® alert: Your score exceeded your target of 754.	Yes
		7/4/2013	753	Score Watch® alert: Possible higher rate on a new HLOAN .	Yes
		6/26/2013	762	Score Watch® alert: Your score has dropped.	Yes
		6/20/2013	772	Score Watch® alert: Your score exceeded your target of 764.	Yes
		6/13/2013	753	Score Watch® alert: Possible higher rate on a new HLOAN .	Yes
		6/3/2013	763	Score Power report: Your score has dropped.
		4/20/2013	777	Score Watch® alert: Your score is unchanged.	Yes

I removed the duplicate alerts that where only balance changes.