Large score jump, should I expect another when cc reports $0 balance?

[cwwatts1202]

My husbads EQ FICO on 3/10 was a 511. We had a FP cc that was charged off around may of last yr and the balance was like $368, we settled and paid $272 feb 11, on 3/10 I got a score watch alert his score went from a 509 to a 511. Fast forward to March 22, I got an updated score power report and his score had gone up to a 558 from a 511. Nothing else had been done to his credit since the 2 point increase on march 10th. The FP card is reporting a $96 balance instead of a $0 balance and settled. FP said they werent updated of the payment or something for them to have updated his CR to put the card as a $0 balance and settled, but they obvioulsly reported the payment cause the card is reporting a $96 balance now. So when they report the $0 balance and settled next month, should we expect to see another score increase? We saw a 2 point increase when it went from a $368 to a $96 dollar balance. I have no clue how he got the 47 point jump, but i'll take it!! Just wondering if we should expect to see an increase going from a $96 balance and it reporting negatively, to a $0 balance and settled.

[cwwatts1202]

no one has experience paying a cc down to a $0 balance and seeing or not seeing a jump?

[madmann26]

The 47 point jump was probably because of his util dropping to a more reasonable level.

When the balance reports $0, you should see another small jump but as always, YMMV.

[cwwatts1202]

Kind of makes me mad it didnt go straight to a $0 balance, probably wouldve gotten a bigger jump. Thanks, hopefully we see another jump, even if its small.

[madmann26]

---

@cwwatts1202 wrote:

Kind of makes me mad it didnt go straight to a $0 balance, probably wouldve gotten a bigger jump. Thanks, hopefully we see another jump, even if its small.

---

My Cap1 and FP paid CO's did the same thing. It actually works into your favor so don't sweat it.

[TrishN]

not sure when you paid down to 0 balance score will go up. i let my balance reported 6% score higher than 0% util 

[madmann26]

Trish,

These are CO accounts.