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Pay off debt, FICO Score Drops and other things.

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Insoc
New Contributor

Re: Pay off CC Balance, all three bureaus drop score 7 points?


@Anonymous wrote:

I think it is the # of cards and % util.  Just get only 1 to show a balance hopefully under 9%.   I let my balances go natural but do pay biweekly.  This past month I got killed on Disco and Citi DC as my % util went from 5% to 35% because of new purchases just before statements closed. I took at 22 point (vantage) hit for that.  


I'm trying to get my % Util down, but it seems paying down debt is not yet working, got another alert that my TU score dropped 8 points from paying off the one CC.  

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