bottom dropping out ofmy fakos

[dominow]

i've app'd and received 3 new cards  in the last in the last 2 months with my newest card cl's totalling 19,800.00. my total cc cl's are 61k .my uti has dropped from 14 to less than 10%. i have 61k in cl's how could my scores drop so much in less than a month? we're talking 32 dropded for tu. the ithers 12-20. i'm down fro782 from discover to 762. karma from 748 to7716. is this just a temporary thing? is it time to pay down my card debt?

[tcbofade]

The inquries and new accounts are what is causing your score to drop.  Your scores will recover in six months or so.  Your util is fine, keep it that way. 

[taxi818]

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@dominow wrote:

i've app'd and received 3 new cards  in the last in the last 2 months with my newest card cl's totalling 19,800.00. my total cc cl's are 61k .my uti has dropped from 14 to less than 10%. i have 61k in cl's how could my scores drop so much in less than a month? we're talking 32 dropded for tu. the ithers 12-20. i'm down fro782 from discover to 762. karma from 748 to7716. is this just a temporary thing? is it time to pay down my card debt?

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That's why they are called.  Fako. If you look at your real fico . You scores may be going up.  Or very little lost. Less than 5 points. That's exactly why we preach. Don't trust the fako. But if you insist at getting wrong info. Like the commercial says. Keep calling up the karma Rama machine. 

[dominow]

thanks, makes me feel better

[dominow]

thanks, i'll get out my spade and hoe

[takeshi74]

First of all, as stated above, the scores are FAKO's so there's no sense in worrying over them.

Second, utilzation is only one factor to consider (Amounts Owed below).  It's a big slice but it's only one slice.

http://www.myfico.com/crediteducation/whatsinyourscore.aspx

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@dominow wrote:

i've app'd and received 3 new cards  in the last in the last 2 months

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If it has been 2 months then at least one new account is probably reporting.  With 3 new cards you'll probably have 3 hard pulls (New Credit) and you'll have 3 new accounts dragging down your AAoA (Length of Credit History).