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FICO Score Decrease with CC Balance Reduced by 33%

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chrys
Established Member

FICO Score Decrease with CC Balance Reduced by 33%

I reduced by BoA CC balance from by $2000, from $6000 to $4000 and my FICO score dropped 7 points.This is not logical.No other change occurred during this period. All of my accounts having balances decreasing each month and this is hte first time that my FICO score took a hit. Mostly it just goes up.

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NRB525
Super Contributor

Re: FICO Score Decrease with CC Balance Reduced by 33%

What are your scores currently? Source of scores?

Which cards do you have, what are their limits, and open balances? Utilization?

Which score showed the change? EX?

 

There is something in your file or your history or recent changes, or just that it's EX, which can be reviewed to see why the score likely changed.

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765
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