Reduced CC balanced from $36 to $0, scored dropped 10 points

[Anonymous]

How is it that my score dropped a significant 10 points when I simply paid my $36 balance off on my CC last month? I pay my card off each month so this is not a new process for me.

[gdale6]

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@Anonymous wrote:

How is it that my score dropped a significant 10 points when I simply paid my $36 balance off on my CC last month? I pay my card off each month so this is not a new process for me.

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If that was the only card reporting a balance then all your revolvers were at 0 and that will decrease your Fico, you need to have 1 card reporting a small balance each month no more than 9% of its individual CL. Welcome to My Fico

[Anonymous]

Thanks! Will do. Lesson learned. Sheesh!