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Score drop?

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Dyinglight
Established Member
‎12-28-2014 05:58 PM
‎12-28-2014 05:58 PM

Score drop?

Hey guys,

 

My recent credit score dropped quite abit from paying off my discover card.

BALANCE AMOUNT DECREASE DETAILS

DISCOVER FINANCIAL SVCS LLC
  • UTILIZATION PERCENTAGE
  • 8% 0%
  • BALANCE AMOUNT
  • $255.00 $0.00

Why does the fico system seem to punish those who pay off debt? If I use 0% utilization will my score keep dropping?

 Experian

746-->733

 

 

My Equifax dropped bigtime from this too

The balance on one of your accounts has decreased by $255Based on Equifax data

766-->743

Chase Freedom ($5,500) Discover It ($6,500) Capital One Venture ($7,500) Amex Bluecash Everyday ($9,000) Amazon credit card($2,700) Chase Ink Cash ($5,000) Citi thank you premier ($3,100) Citi double cash (2,100)

My Fico 10/28/2014 Ex:766 Tu:764 Exp:746
Garden untill late 2016!(I hope)
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Anonymous
Not applicable
‎12-28-2014 06:05 PM
‎12-28-2014 06:05 PM

Re: Score drop?

next time leave $5-$10, never paid off....But however its depending what you have in your file, score drops may cause by other factor.  Read my thread I have the same issue.

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