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Your balance has decreased $34, EXP FICO Point Decrease of 15 points... My head hurts
Yeah, it's hard to understand. Just dont sweat it. It'll come back
Was it a pay down to zero?
Yes it was paid to $0, I have 2 other cards and leave a balance on one. This card reporting a balance was my fault on not getting it prior to them reporting.
@Anonymous wrote:Your balance has decreased $34, EXP FICO Point Decrease of 15 points... My head hurts
PENALTY!
You did the responsible thing and paid down/off a cc. You gotta admire the intelligence from the minds that created those algorithms right?
Yes it will return but these sudden unexpected drops can unglue you if you let them.
Often you get an alert for something and Fico scores something else. I get that a lot when I pay down and see a score drop. Many times it is due to an account more reporting a balance with less utilization overall but the score drops for the number of accounts reporting a balance... something like this. As others have said. Don't sweat if it is for utilization...that will recover next cycle. Not worth the headache