Just checked my credit scores... it dropped from 777 (Excellent) to 707 (Good). . Here's why it dropped, and here's some things ya'll should watch out for as they'd drop your score as well: # On average, many of your accounts have been open less than 3 years. Having long term credit accounts that you consistently pay on time is an important indicator of stability to lenders. Over time, your score should improve as your credit history ages. Opened up two new ones and closed the two "old" ones. This will get better with time. # Your overall balances are close to your overall credit limits, which may be lowering your score. Having high credit limits shows lenders that you are responsible with your credit, but you should try to increase the cushion between your total debt and your limits. Paying down your balances may be viewed favorably by lenders and may help improve your credit score. Consolidated several accounts with a cushion into two with no cushion left to reduce payments. Saves me money, but lowered the score. # At least one or more of your accounts has a balance that is close to your credit limit, which may be lowering your score. When your balance is high, this can indicate to lenders that you are likely to overextend yourself. Try to increase the cushion between your credit balance and your credit limit to help improve your credit score. See above.