Credit Score goes down despite paying down credit card balance

[Anonymous]

So today, I looked at my Equifax Credit Score and noticed it has actually dropped by 28 points because I made a large payment towards a credit card.  I was told the credit companies will do this to prevent you from paying down a card in an attempt to pay it off in a hurry and cancel.  Does anyone have experience with this or know how I can dispute this?

[Anonymous]

What would you be disputing? Your score isn't disputable - the factors that comprise it are.

Is it your FICO score that went down? Are you sure nothing else changed?

[Anonymous]

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@Anonymous wrote:

So today, I looked at my Equifax Credit Score and noticed it has actually dropped by 28 points because I made a large payment towards a credit card.  I was told the credit companies will do this to prevent you from paying down a card in an attempt to pay it off in a hurry and cancel.  Does anyone have experience with this or know how I can dispute this?

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Where are you getting that score from?

[Anonymous]

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@Anonymous wrote:

So today, I looked at my Equifax Credit Score and noticed it has actually dropped by 28 points because I made a large payment towards a credit card.  I was told the credit companies will do this to prevent you from paying down a card in an attempt to pay it off in a hurry and cancel.  Does anyone have experience with this or know how I can dispute this?

Did they lower your limit on the card? happened to me... it is called "balance chasing" 

[Anonymous]

So here is what I know.  I had a balance on my credit card of 285 (credit limit 300).  I paid 200.00 towards tha balance.  Once I did that, it brought my score down by 28 points.  That does not make sense to me. 

[Anonymous]

I am getting that score from my profile page here on the myfico.com website.