paid off a credit card and my score went down

[bryannagirl]

Still confused thought lowering balance helped did not hurt. As soon as CU account reported zero balance my score took a 9 point hit

[user5387]

There are lots of threads around here that make the point that having a small reported balance on one CC is better for scoring than literally having $0 balances across the board.

In my case, I lose around 10 points when all reported balances are $0.

[bryannagirl]

Darn - could of just reduced it - this is very complicated

[anhdaosts]

are you guys serious?

is this also count toward bad debts? or just for active (good standing) accounts?

I just paid off in full my 2 bad debts  2 months ago and nothing change yet

[09Lexie]

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@anhdaosts wrote:

are you guys serious?

is this also count toward bad debts? or just for active (good standing) accounts?

I just paid off in full my 2 bad debts  2 months ago and nothing change yet

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Paid or unpaid, derogs are scored the same.  The only way to have you score increased is to write GW letters and ask that the derog is deleted. 

[anhdaosts]

thank you.

iam sorry but what is GW letter? is there a sample one i can use?

sending to Targets and Macy's

[Revelate]

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@anhdaosts wrote:

thank you.

iam sorry but what is GW letter? is there a sample one i can use?

sending to Targets and Macy's

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GW = Goodwill letter

Samples: http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/GW-letter-Q-amp-A-Examples-and-GW-Success-Sto...

Rebuilding Your Credit forum has a lot more examples and strategies / stories for individual lenders, worth searching there for your individual derogatories.