$14 increase on my AMEX dropped my score!

[Anonymous]

It is absolutely ridiculous. I have excellent credit score. I reduced total balance on my loans $8000 last couple of months. I was expecting score increase but $14 charge on my AMEX card dropped my FICO score by 8!

Reasoning is even more ridiculous; "You've made heavy use of your available revolving credit."

Message Edited by Gursoy on 03-05-2010 12:40 PM

[Anonymous]

Congratulations on bringing your balances down!  What's your revolving credit utilization?

[Anonymous]

16%

[marty56]

Sounds like TU.  I always loose points on TU for any CC reporting even the smallest balance.  My TU profile likes 0% CC util.

[Jazzzy]

I've learned to take the "reasons" that come along with score changes with a grain of salt. Sometimes they make sense. Sometimes they don't.

Score changes happen as a result of many moving parts, aging, etc.

My score bops up and down from 5-8 points depending upon whether I let a balance show on 2 credit cards vs. 3.

There are lots of factors.

Message Edited by LynetteM on 03-06-2010 01:27 PM

[Anonymous]

congrats on a 8k reduction on your debts, that to me means more then a fico score.