Balance goes down $45, MyFICO goes up 19pts.????

[keithB]

My big $45 balance of my Secured Capital One card was paid off and today MyFICO sends me an alert that my credit score has changed 19 points because of it.  Does this sound right or is there more going on behind the scenes that I don't know about?

[09Lexie]

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@keithB wrote:

My big $45 balance of my Secured Capital One card was paid off and today MyFICO sends me an alert that my credit score has changed 19 points because of it.  Does this sound right or is there more going on behind the scenes that I don't know about?

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If your balance was paid off today the alert you received was for another change in your CR.  The alert should state the reason for the change. 

[juggalo9er]

how many cards do you have and what are the limits....util of 27% vs 0% has no offect on my fico

[Themanwhocan]

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@keithB wrote:

My big $45 balance of my Secured Capital One card was paid off and today MyFICO sends me an alert that my credit score has changed 19 points because of it.  Does this sound right or is there more going on behind the scenes that I don't know about?

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Changed 19 points better, or 19 points worse?

[keithB]

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@Themanwhocan wrote:

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@keithB wrote:

My big $45 balance of my Secured Capital One card was paid off and today MyFICO sends me an alert that my credit score has changed 19 points because of it.  Does this sound right or is there more going on behind the scenes that I don't know about?

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Changed 19 points better, or 19 points worse?

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Sorry for confusion... 19 pts. for the better - 727 now vs 707 previous.

[keithB]

Not much credit yet...

Capital One Secured $250

Sam's Club $1500

Discover $1500

USAA Visa (not activated yet) $7000

@juggalo9er wrote:

how many cards do you have and what are the limits....util of 27% vs 0% has no offect on my fico

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[keithB]

Alert stated that the reason was the $45 pay off of my Capital One balance =/

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@09Lexie wrote:

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@keithB wrote:

My big $45 balance of my Secured Capital One card was paid off and today MyFICO sends me an alert that my credit score has changed 19 points because of it.  Does this sound right or is there more going on behind the scenes that I don't know about?

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If your balance was paid off today the alert you received was for another change in your CR.  The alert should state the reason for the change. 

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[Bman70]

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@keithB wrote:

Not much credit yet...

Capital One Secured $250

Sam's Club $1500

Discover $1500

USAA Visa (not activated yet) $7000

@juggalo9er wrote:

how many cards do you have and what are the limits....util of 27% vs 0% has no offect on my fico

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If you didn't activate the USAA card yet, it's possible that the new credit line just reported, increasing your available credit by $7000. This would drop your utilization possibly enough to give 19 point jump. Mine did after a new card.

[keithB]

Ahh, okay... this makes sense. Thank you!

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@Bman70 wrote:

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@keithB wrote:

Not much credit yet...

Capital One Secured $250

Sam's Club $1500

Discover $1500

USAA Visa (not activated yet) $7000

@juggalo9er wrote:

how many cards do you have and what are the limits....util of 27% vs 0% has no offect on my fico

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If you didn't activate the USAA card yet, it's possible that the new credit line just reported, increasing your available credit by $7000. This would drop your utilization possibly enough to give 19 point jump. Mine did after a new card.

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