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Point Drop after Paying Down Balance

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Chrisla2077
Established Contributor

Point Drop after Paying Down Balance

I've been working on paying down my CC balances...especially store cards. A few days ago, I received a 15 point increase  on my EQ after I lowered the utilization on a card by about 50%, however another few days later a balance on one of my store card reported to have dropped by abut $200 and my EQ score dropped 3 points. Any ideas why? 

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Anonymous
Not applicable

Re: Point Drop after Paying Down Balance

Can't say exactly what happened as I am unaware of what the rest of your credit profile looks like. 3 points isn't anything to be too concerned over. Just keep an eye on if you're losing points every few weeks or few days.

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