Credit score dropped sharply

[3ZeroT]

From what I understand closed accounts are also considered in account age (this was debated quite a bit on the FICO forums), so closing accounts may not help.  With such low utilization and even the number of inquiries, the score drop still seems excessive... so perhaps there might be something else as AsherO said.  Do you have any other older account history on your report (going back say at least 5 years)?  I could see the impact being more severe to your score if almost your entire report now consists of these new accounts you've opened in a short period of time and you have no older history to balance it out. 

Also, I thought AMEX and most other banks will list the specific criteria (what they didn't like in your report -i.e. balances owed too high, too many new accounts, etc. etc.) in the rejection letter, did you not get that information?  This should also indirectly tell you what is most negatively impacting your score.  Also if you sign up for a credit score service most will tell you the biggest 'negatives' about your report impacting your score as well.

[Dan]

Reported on here multiple times that it doesn't work for Amex.

Yup, my bad.

[aryeh1]

From what I understand closed accounts are also considered in account age (this was debated quite a bit on the FICO forums), so closing accounts may not help.  With such low utilization and even the number of inquiries, the score drop still seems excessive... so perhaps there might be something else as AsherO said.  Do you have any other older account history on your report (going back say at least 5 years)?  I could see the impact being more severe to your score if almost your entire report now consists of these new accounts you've opened in a short period of time and you have no older history to balance it out. 

Also, I thought AMEX and most other banks will list the specific criteria (what they didn't like in your report -i.e. balances owed too high, too many new accounts, etc. etc.) in the rejection letter, did you not get that information?  This should also indirectly tell you what is most negatively impacting your score.  Also if you sign up for a credit score service most will tell you the biggest 'negatives' about your report impacting your score as well.

I have some accounts in good standing for atleast 5 years. Amex said my credit score is in the 600's ( i think 670) and too many recent requests .

[Dan]

I have dozens of inquiries and hundreds of closed account and yet my score is consistently in the high 700s.
Go figure?

[AsherO]

I have dozens of inquiries and hundreds of closed account and yet my score is consistently in the high 700s.
Go figure?

I'm convinced there's something Aryeh isn't telling us.

[Smokey Joe Robinson]

I'm convinced there's something Aryeh isn't telling us.

+1, and you guys are making me nervous- time to get identity monitor....Ashero can you direct me to the proper thread for research

[AsherO]

+1, and you guys are making me nervous- time to get identity monitor....Ashero can you direct me to the proper thread for research

Skip the research, http://identitymonitor.citi.com, 30 day trial, just remember to cancel within 30 days.

[Dan]

Skip the research, http://identitymonitor.citi.com, 30 day trial, just remember to cancel within 30 days.

Or use a Citi Virtual Card

[AsherO]

Or use a Citi Virtual Card

I heard a rumor that IM charged someone's Citi account when they used a Citi VAN to pay for the 30 day trial.

[Smokey Joe Robinson]

Skip the research, http://identitymonitor.citi.com, 30 day trial, just remember to cancel within 30 days.

youre paying the $1 for false advertising? j/k trial sounds like free trial

[compddd]

$1 sounds worth it to me, thanks AsherO and Dan

[Dan]

I heard a rumor that IM charged someone's Citi account when they used a Citi VAN to pay for the 30 day trial.

I tried it myself recently with a 1 month expiration/$1 limit.  My account canceled automatically without needing to call.  Not sure they were too happy about it though.

[kivabb]

http://costco.identityguard.com/

[aryeh1]

I'm convinced there's something Aryeh isn't telling us.

Yep, I owe 100k, dont tell any body 

[Smokey Joe Robinson]

$1 sounds worth it to me, thanks AsherO and Dan

I was playing around , a bucks fine...I dont know why they bother to charge it though, they could advertise free instead if they charged zilch, better advertising

[compddd]

I tried it myself recently with a 1 month expiration/$1 limit.  My account canceled automatically without needing to call.  Not sure they were too happy about it though.

How did you set it up to cancel automatically without calling them? I don't see the option.

[Smokey Joe Robinson]

Wowee so i just checked all my credit sitch on identity monitor i have 730s-740 for TU and EQ but my Experian is getting shot down under 7....time for a freeze or just lay low. I have a sapphire app pending so Im thinking it might be good if they want me to close my CO or UA and and transfer Credit. Stupid Amex is reporting my plat and gold as 100 percent utilization on experian. and Chase is not reporting my credit limits for UA or CO, of course. Chase reports CL on Sapphire right? I believe i saw that posted somewhere.

[compddd]

Why are they reporting your amex cards as 100%   That sucks!

[Dan]

Why are they reporting your amex cards as 100%   That sucks!

Because they are charge cards.  Your highest spend on the card is your credit limit.

Also Citi is FAKO.  Those aren't your real scores.  Still good for estimating scores and for inquiries.

[compddd]

Where would I get my real scores from?