Should I Be Concerned???

[dznen1]

Should I  be  concerned that after Capital One reported to cra that my score dropped on EX 8 points and it reported 16% utility? I  was not planning on any balance reporting , misunderstood my statement cut date and statement due date. 

Thanks 

[gdale6]

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@dznen1 wrote:

Should I  be  concerned that after Capital One reported to cra that my score dropped on EX 8 points and it reported 16% utility? I  was not planning on any balance reporting , misunderstood my statement cut date and statement due date. 

Thanks 

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No, scores constantly move up and down by some points. I dont look for causes unless there is a move greater than 20 points. If you are not apping you dont even have to worry about letting balances report as long as nothing is near maxed out.

[dznen1]

Thanks gdale6, I feel better. 

[Anonymous]

I agree - month to month or even day to day ups and downs happen all the time based on using your cards. Use them, just stay below 10% (most say 30% but that's still too high in my book). Pay them off each month if possible or make larger payments than the minimum. Don't sweat the small moves.

[dznen1]

I guess I'm a bit paranoid about trying to be sure that I don't mess up this time with my credit.  Thanks so much.

[Anonymous]

I understand for sure - I'd see a 2 point drop and freak out - but then the next week go +3 etc. 

[Shogun]

Welcome to the FICO rollercoaster!

[dznen1]

It definitely seems like a roller coaster!