Good Grief!

[Anonymous]

I had a $70 annual fee post to a credit card in Feb which brought the balance $10 higher than the limit. I immediately paid the normal amount which is twice the minimum and the $70, but the darn thing still reported to Equifax over limit. I lost 33 points!

No late pays or anything, thank God.

Will I get all my points back when the balance updates next cycle?

[Anonymous]

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randomscreennamegenerator wrote:

I had a $70 annual fee post to a credit card in Feb which brought the balance $10 higher than the limit. I immediately paid the normal amount which is twice the minimum and the $70, but the darn thing still reported to Equifax over limit. I lost 33 points!

No late pays or anything, thank God.

Will I get all my points back when the balance updates next cycle?

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You should if nothing else changes.

[Anonymous]

Thanks,

This is a very stressful process. I can't believe how much it takes to bring the scores up. They drop so easily, it takes an act of God to bring them up.

Best Wishes

[palmbeachwife]

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@randomscreennamegenerator wrote:

Thanks,

This is a very stressful process. I can't believe how much it takes to bring the scores up. They drop so easily, it takes an act of God to bring them up.

Best Wishes

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Amen to that! I had an emergency car problem in January, maxed my Firestone card to pay it on a Wednesday. I paid it off in full on that Friday. Apparently they reported to CRAs in that short window and it cost me a whopping 30+ points. I was screaming and pulling my hair out. Then next month when Firestone reported $0 balance, the score came back up a few points shy of where it was. I vow to never max out a card again unless it's life or death, even if it's going to be paid in full on pay day.

In a way it was good that happened to me, because it forced me to set up a savings fund for these type incidents and I'm proud of my savings habits now. I don't know which I like better, watching my personal savings grow or my FICO. They're both satisfying when on the up and up. FICO takes more effort; however.