Since reading this Somersoft thread (http://somersoft.com/forums/showthread.php?t=108686&highlight=credit) I've been receiving Credit Savvy credit score updates monthly. My previous score had been 785 - or 15 points under 'Excellent'. This month I have dropped 302 points to 483 and 'Below Average'. In the past month I have settled on my first property with my partner (PPOR) for which we have a ~320k mortgage with CBA. We had a second application in with ING but did not proceed with it past the valuation. I have also applied and been accepted for a $10k Virgin Money credit card to use for monthly expenses, which will be paid for out of our offset account. I could understand a bit of a drop in my credit score, but to now be 'Below Average' is quite concerning. We will be looking to buy a second property (IP) within the next 6-12 months so want to better understand my reduced credit score.