alleycat1975 wrote:This i my curious question. I generally pay my cc off each month. (cap one scured card) And I know I need to pay the balance in full and not charge anything until after the 15th of the month.
Well i had a duh moment this week and paid a bill on the 14th with my cc and realized I just made a duh move after I hung up lol.. So with at $500 credit limit I had a balance report of $260.. DOH! So my EQ score dropped 10 points when it registered.
So out of curiosity, when i pay it in full again next month (and not use the dang thing) will I recover those points? or was this just a painful lesson learned?
Thanks April
FICO has no memory. Your scores are driven by the content of your credit report(s) at the time of pull/request. When your utilization drops, your score will reflect that utilization at that time. 
I did the same thing. I charged $260 to my cc, which has a $500 limit, right before the closing date. When the balance posted, my credit score dropped 10 points. I then paid the balance in full and when it posted the next month, I got the 10 point back immediately.
So, have no fear, you're score will bounce back once the new lower balance is reported!
Starting Score: TU 599 EQ 608
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