Paid down balance and no score change

[Anonymous]

Whenever I pay a card whether it's minimum or above I see a score increase. I just paid $800 to one of my capital one cards and it brought the balance down to under 30%. And no score change? lol I was expecting a little something. Is that normal?

[Anonymous]

On top of that, a cli reported too

[Anonymous]

following

[Anonymous]

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@Anonymous wrote:
Whenever I pay a card whether it's minimum or above I see a score increase. I just paid $800 to one of my capital one cards and it brought the balance down to under 30%. And no score change? lol I was expecting a little something. Is that normal?

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What is your aggregate utilization?  What was it prior to your pay down verses now?  Individual account utilization is far less important than overall utilization.  While you may have crossed a threshold (30%) on the one trade line, if you didn't cross a threshold overall you wouldn't necessarily realize a score increase.  Many on this forum have reported no score ding on an individual trade line utilization change between 1% and 49% (under 50%) so long as aggregate utilization doesn't cross a threshold.

[Anonymous]

It was about 55% before I think...now I think overall it's 38-40%

[Anonymous]

So you should have crossed one threshold in passing the 49% point of aggregate utilization.  I would think that you would have received a slight scoring increase at that time, unless something else happened at the same time that hurt your score and it was a wash.

[Anonymous]

Nope, no changes other than a new address. I will have to go back and look at the exact util percentage. But I just got increases with Synchrony totaling in $5,100 so I'm curious to see what that will do. Nothing but positive changes have been happening.

[DeeCorey]

I'm following this thread because I have the exact same issue. I paid down my balances slightly, but my Fingerhut reported a significant CLI, bringing my aggregate utilization from 60% to 39%. My score did not budge. It's exactly the same as it was before. Meanwhile my FAKO scores jumped 30 and 32 points as a result of the same change! It's beyond irritating.

What's also irritating me is that the last time I paid down my balances by a similar amount my FICO 8 score jumped 35 points. I was so expecting to see an increase this month, so I'm wondering what the heck is going on. 😕

[Anonymous]

Are you guys sure that you're new balances are reported before you are expecting to see a score increase?  If you pay down a card significantly a few days after your balance reports, it could be 3-4 weeks before the new (lower) balance reports which means it could be that long before you see a scoring benefit.

[DeeCorey]

I'm positive. My EX FICO 8 updates MONTHLY. On my March 11th report my total credit utilization was 60% and my score was 656. On the April 11th report, all accounts and balances had updated, total utilization was down to 39%. Score: 656. I was more than a little miffed because this is he first time since I've been closely following my credit (over a year now) that I haven't had ANY change in score with that significant of an update. Like I said, even my FAKO on CK jumped 32 points with the SAME update! And last time I paid my Cap1 card to a 0 balance back in October my EX FICO 8 jumped 35 points. This has me stumped.