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BrittanyJadeLafuze

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HELP!! My Credit has dropped from 743 overnight to 624
I have no late payments, nothing is wrong with my account. It was all fine and dandy until I went to sam ash to buy my husband Dj equipment and we got a credit card there so we could have 18 months to pay off the 1800$ with no interest until the 18 months is up.. I don't understand why having this to pay would jump my score down 5 days later after buying it when they said I have 18 months to pay it off with no interest.. Why did my score drop? I don't think the inquiry could do it://

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This is still a finance and open line of credit. Maybe this $1800 credit limit took you over your debt to income ratio, not to mention it probably shows maxed out until you start making more payments to bring down the utilization....

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Any time you open a new account your score drops.  Once you start making the payments it will slowly increase.  

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