Credit Score dropped by 50 points

[Alexis Zion]

Hey folks.  

 I had an emergency repair at one of my buildings (boiler died in winter) that I had to put on my credit cards.  I put a total of $30,000 on my cc for individual furnaces in each of the 8 units. I had a credit score of 750, now my score is 685...that is a crazy drop  What should I do to get it corrected?

I want to buy more properties and I am nervous the bank will say no

[Michael Smith]

Alexis Zion , 30% of your credit score is calculated based on percent utilization on your revolving accounts, so the higher your balance on each credit card as a percent of the limit, the more points you will lose in this area. If you're able to pay the balance back down, you should regain the points you lost.