why did this happen to my score?

[Anonymous]

i paid off all of my past collections last year. I have been paying my current credit cards on time for a few years now but use a good portion of my available credit, but recently, paid off $500 of the $3000 balance. i just got this from FICO:

This score decrease may be caused by these 4 new reasons:

• You have a serious delinquency (60 days past due or greater) or a derogatory description on your credit report.
• You've made heavy use of your available revolving credit.
• You have multiple accounts showing missed payments or derogatory descriptions.
• You have a short credit history.

why would I get this if I haven't done anything wrong?

[dragnldy]

You have a serious delinquency (60 days past due or greater) or a derogatory description on your credit report.

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I have some collections on EQ that are listed under the revolving section instead.  When they've updated at all, it makes it look like a more recent derog.  Pull your report to see if they have it coded wrong. 

[Anonymous]

What else is in your CF? It could be a number of things as you see listed on your alert. Go through your reports with a fine tooth comb and see if anything has changed.

Has that $500 balance that you paid off reported yet? No one can really say. Honestly paying your collections off will only help if they are CA's because I have been told that they are calculated into your utilization.

If you use a lot of your credit that could be the main reason, as your alert said.

Have you recently made a late payment? What was the score drop BTW?

It is possible that you have been rebucketed too.