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HarveyBanger
Member since Mar 2018
265 posts

My credit score fell 50 points
My trans union credit score fell from 716 to 666. Only change on my report was credit usage went up from 10% to around 18% due to purchasing a plane ticket and I didn’t pay it off before it was reported. Is this normal to have that much of a swing? And if I get back to around 10% credit usage shouldn’t it jump right back to where it was?

ETA: my score had jumped up to 716 from the 660+ range maybe 3-4 months ago when my usage went down to 10%. So shouldn’t it go up again when it gets back down to 10%?
This post was edited on 4/13 at 3:46 pm


PetroBabich
LSU Fan
Donetsk Oblast
Member since Apr 2017
1087 posts

re: My credit score fell 50 points
Credit scores are a scam. It will go back up next month. Don't worry about it.


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261
castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
57013 posts
 Online 

re: My credit score fell 50 points
If you're worried about fluctuation, pay it off before the statement date and not the due date.


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30
lnomm34
Clemson Fan
Louisiana
Member since Oct 2009
10875 posts

re: My credit score fell 50 points
quote:

credit usage went up from 10% to around 18% due to purchasing a plane ticket


God damn. How expensive was this ticket?

ETA: Or how little available credit do you have?
This post was edited on 4/13 at 5:51 pm


HarveyBanger
Member since Mar 2018
265 posts

re: My credit score fell 50 points
I only have 2 cards total limit is 5k


notiger1997
Metairie
Member since May 2009
40496 posts
 Online 

re: My credit score fell 50 points
quote:

I only have 2 cards total limit is 5k


I'm guessing that is most likely the problem. You used a big portion of your limit.

I wouldn't sweat it, but when you pay the tickets off, I would request a credit limit increase.


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Carson123987
Texas Fan
Middle Court at the Rec
Member since Jul 2011
60641 posts

re: My credit score fell 50 points
open more accounts to increase your total available credit.


AaronDeTiger
LSU Fan
baton rouge
Member since Jun 2014
1028 posts

re: My credit score fell 50 points
Do not open another account. That will decrease your average length of credit.

Just increase the limit on your current account.


NC_Tigah
LSU Fan
Carolinas
Member since Sep 2003
90330 posts

re: My credit score fell 50 points
quote:

666
That's a devil of a score . . . .


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30
Carson123987
Texas Fan
Middle Court at the Rec
Member since Jul 2011
60641 posts

re: My credit score fell 50 points
quote:

Do not open another account. That will decrease your average length of credit.

Just increase the limit on your current account.


Total available credit and lower utilization >>>>>> average age of accounts. If this dude only has a 5k limit, he probably has all relatively new accounts and the impact to his AAoA will he negligible


AaronDeTiger
LSU Fan
baton rouge
Member since Jun 2014
1028 posts

re: My credit score fell 50 points
And both can be improved easily without opening a new account... Going back and changing your AAoA, not so much.
This post was edited on 4/14 at 10:29 pm


Carson123987
Texas Fan
Middle Court at the Rec
Member since Jul 2011
60641 posts

re: My credit score fell 50 points
like I said, I doubt this 5k limit card is something he's had for 10 years it's probably relatively new. If he has a Capital One card, the CLI he gets will be insultingly small.

give me the additional account, increased available credit, and lower utilization


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