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Pay it off - Lower Score?!

New Visitor

Pay it off - Lower Score?!

In May of 2006, I had a good $8,000 racked up by May, 2006. Let's just say that I wasn't too smart about my credit during college; ) I always still paid more than the minimum, and always timely. However, when I got out of college, I paid it all off by May, 2007. Well, ever since May of this year, my credit score has been decreasing! I don't get it! I didn't close the accounts - they are still open. I haven't used the 2 credit cards at all since May, so I don't understand why my score has decreased... Do I have to use the cards to increase my score or something? Help, please Smiley Happy
4 REPLIES
Frequent Contributor

Re: Pay it off - Lower Score?!

You want to keep between 1-9% utility on the cards. Charge a tank of gas a month or buy a 6 pack and charge it. You will see the scores increase.
Moderator Emeritus

Re: Pay it off - Lower Score?!

Valued Member

Re: Pay it off - Lower Score?!

Yes, definitely you need to use your card.
 
Keep in mind, that NOT using your card does not show that you can manage money.   So, treat us to a drink every month and pay it off on time and you'll see your scores increase.
 
Diamond Dave 
Established Contributor

Re: Pay it off - Lower Score?!

Good one DiamondDave...
TU 662 EQ 644
EX 643