topic Oh, I see you paid off your card and got a CI, good job, that will be 21 points please. in Credit Cards

Oh, I see you paid off your card and got a CI, good job, that will be 21 points please.

Anonymous — Wed, 08 Jun 2016 22:55:46 GMT

I don't know why but when I paid off my Home depot card they gave me a CI for no reason. No complaints there, but for some reason my score droped 21 points. WTH?

Here is a picture

Re: Oh, I see you paid off your card and got a CI, good job, that will be 21 points please.

Anonymous — Wed, 08 Jun 2016 23:00:20 GMT

Was it your only card reporting a balance?

Re: Oh, I see you paid off your card and got a CI, good job, that will be 21 points please.

creditguy — Wed, 08 Jun 2016 23:01:27 GMT

There has to be something else going on, if you have zero balances reoporting elsewhere, that could be the problem.

Re: Oh, I see you paid off your card and got a CI, good job, that will be 21 points please.

Anonymous — Wed, 08 Jun 2016 23:01:53 GMT

@Anonymous wrote:
Was it your only card reporting a balance?

Yes. This.

Re: Oh, I see you paid off your card and got a CI, good job, that will be 21 points please.

Anonymous — Wed, 08 Jun 2016 23:03:02 GMT

No, I have a balance on my Gold Card.

Re: Oh, I see you paid off your card and got a CI, good job, that will be 21 points please.

OmarGB9 — Thu, 09 Jun 2016 03:44:11 GMT

Might be something else in your profile that caused the drop.

Re: Oh, I see you paid off your card and got a CI, good job, that will be 21 points please.

Anonymous — Thu, 09 Jun 2016 03:58:54 GMT

If a card is still reporting a balance. I would give it a couple of days and see if you get any alerts. Could be somehting else.

Re: Oh, I see you paid off your card and got a CI, good job, that will be 21 points please.

Aahz — Thu, 09 Jun 2016 04:43:41 GMT

@Anonymous wrote:
I don't know why but when I paid off my Home depot card they gave me a CI for no reason. No complaints there, but for some reason my score droped 21 points. WTH?

Here is a picture

There is no "maybe" about it. Something else caused the score change.

a) MyFICO doesn't send an alert for every score change.

b) Not everything that generates an alert causes a score change.

a+b= c) the text in the alert does not necessarily have any connection to the score change.

(and in your case they definitly are not connected)

Re: Oh, I see you paid off your card and got a CI, good job, that will be 21 points please.

RonM21 — Thu, 09 Jun 2016 04:30:03 GMT

I'm with the others. Something else aopears fo have changed.

Re: Oh, I see you paid off your card and got a CI, good job, that will be 21 points please.

Anonymous — Thu, 09 Jun 2016 06:04:34 GMT

I am pretty sure it is because you paid off your credit card debt. Amex gold reports as a charge card and since there is no credit limit, there isn't a debt ratio for utilization. The only other things to cause a nuce drop would be a collection or late payment.

I have dropped 18-21 points when I paid iff my card(s) and didn't haven't anything reporting. Use a credit card and let it report. I am willing to bet your score will recover the second it reports.

Re: Oh, I see you paid off your card and got a CI, good job, that will be 21 points please.

takeshi74 — Thu, 09 Jun 2016 13:59:13 GMT

@Anonymous wrote:
I don't know why but when I paid off my Home depot card they gave me a CI for no reason. No complaints there, but for some reason my score droped 21 points. WTH?

Incorrectly assumed casuality. If you want to determine the causes of any scoring change you have to caerfully review reports from before and after the scoring change. if you lost 21 points then you had changes with a greater negative impact than those with a positive impact.

You need to verify that the CLI was reported before assuming that you lost points because of the CLI. Your accounts do not instantly report and typically report once a month. Understand your reports dates and verify what was reported.

@Anonymous wrote:

Here is a picture

Proxy blocks imgur at work. I'm assuming this is a screenshot from myFICO. If that's the case then you also need to be aware that myFICO is a trigger based service. Not all activity with a scoring impact is a trigger. Alerts and updates indicate what triggered the alert/update but not necesarily all changes that caused the scoring change. You cannot rely solely on myFICO alerts to determine the cause(s). Again, you need to carefully review report data before and after the score change.

http://myfico.custhelp.com/app/answers/detail/a_id/463/~/understanding-what-triggers-fico%C2%AE-3-bureau-credit-monitoring-and-fico%C2%AE-identity

@Anonymous wrote:
No, I have a balance on my Gold Card.

It's not current balance that matters.

Any scoring model uses the data in a report to generate a score. You need to understand what is and what isn't on your report. The scoring model cannot access current account balances, limits, etc. This is why you need to refer to reports to determine these things.