Paying a charge-off DECREASED my score?

[CBear]

I have been making large payments to charge-off in an effort to improve my score. I made a payment of $1,000 last week - and my score (TUN) went up 25 pts. Yay! I made another payment this week of $500.00 - and the score decreased by 11! How can paying something down be construed according to TU as "making use of my revolving credit!" I don't have a card and the account is closed!

Do I keep paying down or not? The simlulator indicated a much nicer outcome than this!

Thanks in advance.

[SoCalPrincess]

Was the additional $500 payment the only change captured in that time?

I had a recurring $25 payment monthly on a low balance card, estimating that it would be completely paid off by the end of year.  Every month when the payment hit, my EX would go up 2-6 points.  Then last month when it hit, it dropped it 3 points.  That also made no sense to me, so I just assumed that it also captured something else which was the true reason for the drop, but the recognized activity and reported "Alert" captured the $25 payment and attributed it to that.  That's the only thing I could think of.

[SouthJamaica]

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@CBear wrote:

I have been making large payments to charge-off in an effort to improve my score. I made a payment of $1,000 last week - and my score (TUN) went up 25 pts. Yay! I made another payment this week of $500.00 - and the score decreased by 11! How can paying something down be construed according to TU as "making use of my revolving credit!" I don't have a card and the account is closed!

Do I keep paying down or not? The simlulator indicated a much nicer outcome than this!

Thanks in advance.

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Keep paying down.

[CatOfSpades]

Yes, definitely keep paying it down. You owe the money. Your score will improve in time. The credit scoring system is kind of whacked and flucuates from month to month. Things will be higher over time.