Valued Contributor
Posts: 1,671
Registered: ‎05-24-2007
Re: Score went from 666 to 632 - why?

Owing $250 against a $250 limit is 100% utilization on that account and that is a negative. It would be a bigger negative to be over the credit limit, even by $1.If that is your only revolving account then you are also at 100% utilization on all your revolving accounts and that is a bigger negative.


Lower debt on the installment loan has very little effect once you are substantially below the original loan amount.


Assuming this is an actual FICO score, the score will go back up as soon as the lender reports, which is usually a few days after the statement date.