06-06-2013 02:16 PM
If your FICO score were to be impacted, it would do so once the credit cards update to your credit report(s). Most all CCs will report the balance you had on the statement date of your CC and report that balance within 2-3-4 days or so following that statement date. Once your credit reports update, then your FICO score could change. The change is dependent upon how much of your utilization changed on your cards, the amount of the new vs. old balances, whether or not utilization is weighted within your scoring profile, among other factors.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO