Credit Score Drop

[Anonymous]

My GF has one credit card a (secured card) right now and she just paid off the balance. The CL was 375 her balance was at 300.She paid it off to a zero balance, is it better ro pay off the whole balance when trying to help credit score or leave it at 3-5%. Her credit score went down by 16 points, we are trying to figure out why, the score is from Experian SW. Any help I would appreciate it.

[Junejer]

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@Anonymous wrote:

My GF has one credit card a (secured card) right now and she just paid off the balance. The CL was 375 her balance was at 300.She paid it off to a zero balance, is it better ro pay off the whole balance when trying to help credit score or leave it at 3-5%. Her credit score went down by 16 points, we are trying to figure out why, the score is from Experian SW. Any help I would appreciate it.

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Typically, it is better to have a balance of 1-9% uti to prove that you can utilize credit wisely and that you are not afraid of it.

Do you mean Equifax SW or some other Experian FAKO score product?

[Anonymous]

Sorry about that, it is equifax

[Junejer]

OK. I would keep a low uti on the account. Do the sim, with a low uti and see what happens to the scores. Use the 1 month option on the drop-down.

[Anonymous]

ok thanks, i will try it