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I was surprised to see that my FICO score decreaased today because of ~$50 balance decreases on 2 CCs. First the score is low because the balance is too high, then in trying to whittle some of these CC balances down, my FICO score decreased because of small decreases? What happens when FICO will get that I just paid $500 to another card? Seems like I cant win!
Can someone help explain?
i paid off a 2k credit card balance and my score dropped 6 points today. no other credit card usage or anything else of note that i can see that could have contributed. frustrating, yes!
this happened to me today too! equifax score dropped by one point due to me paying the balance on one of my cards down from $700 to $500. isn't that the opposite of what should happen?