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@jwpezd wrote:
I got a score watch alert that my scor dropped from a 621 to a 585!!!!! The only thing that changed is I have a cc that has a 500 limit that was reporting a 115 balance. It got to 269 balance. I paid it in full unfortunately it just got reported at 269. Can that jump in utilization on a low limit card Hirt me that bad almost 40 points?!?!? All other bills are current by the way.
The short answer is yes that simple difference can cause that big of a score drop. When you have a low limit the balance posted has major impact. It will bounce back next month if you get it back down.
To really know, you need a new copy of your credit report to see if anything else changed. But yes, it's possible to lose some points for utility - that's over 50% utility that reported.