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My FICO dropped over 20 pts due to credit usage increase on 8/2009 (from $900s to $1200s, which is not a big jump). Since then, I have been paying the full amount owed every month a few days earlier than the closing date, which I thought should basically brings my credit usage to about 0? Is this correct?
It seems AMEX never reported this decrease of credit usage? Is there a way I can ask them to report the decrease in usage?
Thanks for your explaination! it's been 3 month since 8/5/09 when AMEX reported an increase. Since then I've paying my balance just before closing date, hoping to lower the "revolving balance" reported by AMEX. Will this work as I thought?
I didn't actually run a new credit report, but I am using FICO watch. I only see an alert about credit usage increase which dropped by credit scorn, but no alert about usage decrease since then (3 month). Does this indicate AMEX didn't report the decrease in usage?
@Anonymous wrote:Thanks for your explaination! it's been 3 month since 8/5/09 when AMEX reported an increase. Since then I've paying my balance just before closing date, hoping to lower the "revolving balance" reported by AMEX. Will this work as I thought?
I didn't actually run a new credit report, but I am using FICO watch. I only see an alert about credit usage increase which dropped by credit scorn, but no alert about usage decrease since then (3 month). Does this indicate AMEX didn't report the decrease in usage?
Hi...ScoreWatch won't alert for a usage decrease. You'd have to pull your report to see how it is reporting now.