https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Why-did-my-exquifax-score-drop-38-points/m-p/3645631#M85918 <BLOCKQUOTE><HR />@Anonymous wrote:<BR /><P>I just checked all three of my credit reports today. My transunion went down 8 points, Experian 11, and Equifax 38 point drop. I do not understand why. The only change that was made was that I paid off one of my credit cards which is a secured card and also made a deposit so that the credit limit went from $200 to $300. I have three credit cards. Can someone please explain to me what is going on. There was nothing negative added on this account, I checked. The only thing is the update to this one card. Any help would be greatly appreciated. Thanks!</P><HR /></BLOCKQUOTE><P>Welcome to the forums. If that was your only credit card reporting a balance, then paying it off completely could lower your score. Ideally you want one card to report a balance between 1-9% and the others to report zero balances.</P> Tue, 18 Nov 2014 19:42:35 GMT -NewGuy- 2014-11-18T19:42:35Z https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Why-did-my-exquifax-score-drop-38-points/m-p/3645433#M85917 <P>I just checked all three of my credit reports today. My transunion went down 8 points, Experian 11, and Equifax 38 point drop. I do not understand why. The only change that was made was that I paid off one of my credit cards which is a secured card and also made a deposit so that the credit limit went from $200 to $300. I have three credit cards. Can someone please explain to me what is going on. There was nothing negative added on this account, I checked. The only thing is the update to this one card. Any help would be greatly appreciated. Thanks!</P> Tue, 18 Nov 2014 19:05:37 GMT https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Why-did-my-exquifax-score-drop-38-points/m-p/3645433#M85917 Anonymous 2014-11-18T19:05:37Z https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Why-did-my-exquifax-score-drop-38-points/m-p/3645631#M85918 <BLOCKQUOTE><HR />@Anonymous wrote:<BR /><P>I just checked all three of my credit reports today. My transunion went down 8 points, Experian 11, and Equifax 38 point drop. I do not understand why. The only change that was made was that I paid off one of my credit cards which is a secured card and also made a deposit so that the credit limit went from $200 to $300. I have three credit cards. Can someone please explain to me what is going on. There was nothing negative added on this account, I checked. The only thing is the update to this one card. Any help would be greatly appreciated. Thanks!</P><HR /></BLOCKQUOTE><P>Welcome to the forums. If that was your only credit card reporting a balance, then paying it off completely could lower your score. Ideally you want one card to report a balance between 1-9% and the others to report zero balances.</P> Tue, 18 Nov 2014 19:42:35 GMT https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Why-did-my-exquifax-score-drop-38-points/m-p/3645631#M85918 -NewGuy- 2014-11-18T19:42:35Z