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Established Contributor
Posts: 540
Registered: ‎01-09-2008
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Experian not reporting paid off Credit card score went down...

I paid off one of my credit cards to and it was reported on my EQ and TU and Experian has the full balance reported and I lost 20 points.  What can I do to get experian to correct the balance?

 

And now since im down an additional 20 points how can i re-gain this since they made a mistake?

 

 


Starting Score: 501
Current Score: EQ609/TU630/EX665
Goal Score: 700


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Senior Contributor
Posts: 3,930
Registered: ‎10-26-2012
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Re: Experian not reporting paid off Credit card score went down...

Unfortunately there is no way to regain those points. Did you pay the cc all they way down to a $0 bal?

Established Contributor
Posts: 540
Registered: ‎01-09-2008
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Re: Experian not reporting paid off Credit card score went down...

Just about there was $100 balance.  I was trying to keep all my credit cards under 10%.  My Equifax score is a 100 point higher difference. 

 

This is really upsetting I cant get those points back.  I sent in a dispute and I will be callig them also!


Starting Score: 501
Current Score: EQ609/TU630/EX665
Goal Score: 700


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Epic Contributor
Posts: 22,406
Registered: ‎01-17-2008
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Re: Experian not reporting paid off Credit card score went down...

[ Edited ]

It's best to let all but one report a 0 balance and the other at 9% or below.

 

If EX reports that as it should you could get some of the points back.

Established Contributor
Posts: 540
Registered: ‎01-09-2008
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Re: Experian not reporting paid off Credit card score went down...

I have 3 credit cards all of them report a small amount.  Should at least one report a 0 balance? 


Starting Score: 501
Current Score: EQ609/TU630/EX665
Goal Score: 700


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Epic Contributor
Posts: 22,406
Registered: ‎01-17-2008
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Re: Experian not reporting paid off Credit card score went down...

For the best FICO score during rebuilding, having all but one report a 0 balance and the last one report a 9% or under balance is found to work best.  YMMV so you can tinker around and see what works best for you.

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