Credit Card Center Advertiser Disclosure

New Visitor
Posts: 4
Registered: ‎05-19-2010
0 Kudos

Significant Credit Card Payment

I made an $8,000.00 payment to a credit card on 4/28/10.  I expected at the least an alert from my FICO Scorewatch about a balance reduction.  I also expected a bump in credit score as the payment resulted in reducing my percentage of debt on the card from above 50% of credit limit to below 25%.  What is the timeframe in which this type of credit card payment is postively realized?  30 days, 60 days, 90 days???  Since I made the payment almost 45 days ago, there has been no change to my report. Thank you for any insight

Frequent Contributor
Posts: 371
Registered: ‎12-28-2007
0 Kudos

Re: Significant Credit Card Payment

I think it is checked  at least every couple of weeks.  I just paid off my card this month and the credit card had a statement. I  paid off  BoA $5,000 and I only got only lousy point up - from 672 to 673..... very frustrating...... but it had the balance updated when  I  clicked the more+ button next to the update it showed a 0 balance.  Maybe something else is offsetting your score that might be  the reason you aren't seeing anything.  Also, what are your settings at using  SW.  Use your existing score, like 672 and then put your settings to alert you at 673....


Hope that helps.

05/12: approx 680 across the board
04/08 EQ: 730 TU: 748 EX: 718
03/08: EQ: 713 TU: ? EX: ?
12/07: EQ: 689 TU: 711 EX: 721
New Contributor
Posts: 59
Registered: ‎08-29-2009
0 Kudos

Re: Significant Credit Card Payment

Assuming the card reports monthly, you should have noticed the difference by now.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.