About 2 months ago, I refi'd my car from sandanater to cap one. Sandanter was my longest active loan with 17 months. It was closed and Cap one was opened (Sandanter was deleted from a few of my faco scores which hurt my AAA). My FACO scores were all around 640-660, however in the last month, they have tanked to 580. The Sandanter closing is the only thing that has changed. I actually have recieved some CLI's on a few of my CC's (not much) and utilization on them is about 30% (I know it is high and iI need to pay down my cap one cards but that was like that well before my FACO scores fell). My Fico scores have not took much of a hit going down to eq 633, tu 623, and ex 639. I am looking at buying a house June 2016 so I have time to pay off CC debt and gain back AAA history. I have a nice mix of loans with student loans, CC's, and Auto loans and not missing a payment on any of them (missed on old student loans before they were consolidated). Wondering if FACO scores dropping should be a concern for me? Or does it matter in the grand scheme of things? They just look so different FACO and FICO scores. Thanks!
Also, My understanding is that FACO scores are like CK, quizzle, credit.com, CS, etc and lenders do not generally use.
