Same crap just happened to me. I'm trying so hard to build up my score after finding out it was 630, all because of ONE fail to pay that I didnt even know about from years ago. So I pay all my credit cards off and it drops to 580... I feel robbed... I left all 3 with a small 1-3% balance this month AND got another CLI, we shall see what happens.
Just had the same thing happen to me, made CC payment, get notice: "The balance on one of your credit cards has decreased by $3476" - Old balance was over $4K - New is about $650
Score down 17 Points!!
No change in credit limit. **bleep**.
There is not necessarily any causal relationship between (a) the information reported in a MyFICO alert and (b) a score change noted on the alert.
Same thing happened to me. No increase/decrease in credit limit.
And it was more consistent - my balance went from 0 (zero) to $257 (on my Amazon Chase card, $6000 limit), and my score went up by 32 points.
Then, later the same week (literally 24 hours later), the balance went from $257 to 0 and my score went down by 32 points.
I have one other credit-line (a secured Capital One card, with no recent activity on that).
4/20/2017 Equifax The balance on one of your accounts has decreased by $257 DOWN 32
4/20/2017 Equifax The balance on one of your accounts has decreased by 100% DOWN 32
4/19/2017 Equifax The balance on one of your accounts has increased by $257 UP 32
4/19/2017 Equifax The balance on one of your accounts has increased by 100% UP 32
I cannot see a logical reason why those events would cause such changes.
When all of your revolving accounts report zero, your score will go down. For scoring purposes, FICO likes to see a small balance (between $5 and 8.9%) on one card.
The caveat here is Chase. They report mid-cycle when you pay to zero. That's generally a good thing unless it's your only card reporting a balance. The easiest thing is to let a non-Chase card report the small balance.