Credit Score question

[Kur]

I was at 706 when I hit 18 i checked it when I got my first credit card and I checked it today and see it at 658, what causes this kind of a drop?

I have a capital one card and just got a Washing Mutual card not too long ago. And ideas? Never been late on any payments.

I don't know much about credit scores and all that, thanks.

 

[BigJ]

Do you carry a balance? Low income?

The 706 was an artificially high score to begin with.

 

[Caesar]

Credit score drops if your revolving debt is high.

 

[spidey07]

You have debt on those cards, don't you?

Plus you opened new accounts.

 

[spidey07]

You have debt on those cards, don't you?

Plus you opened new accounts.

 

[George P Burdell]

How old are you? Possible factors affecting your score:
1. Your credit accounts have been open for less than five years.
2. Two or more hard pulls on your credit history in the last year.
3. You use up a big percentage of your available credit.

 

[Kur]

18

I have around $300 sitting on my capital one card, that's it.

 

[kami333]

Was the first score a Trans Union score? They tend to be 10-30 points higher than the other two.

Also like the other poster said, that 706 wasn't a real credit score considering you probably didn't have any credit history at that point.

What's the limit on the card? If you have a high utilization rate it will hurt your score even if the amount is low.

 

[Preyhunter]

Debt to available revolving credit ratio.
Installment debt accounts (mortgage, car, etc.) and payment history.
Minimum monthly payment vs. larger monthly payment.
Short credit history.
Etc.