topic Re: Score goes down when there's a zero balance in Understanding FICO® Scoring

Score goes down when there's a zero balance

Anonymous — Sun, 08 Mar 2015 04:32:37 GMT

I pay my credit card all the time two days before my due date. With doing so the last time my score went down because of a zero balance. I have no idea why that happened and is there anyway to prevent it from happening again? My due date is the 10th, I pay it on the 8th my closing date is the 13th how can I avoid this?

Re: Score goes down when there's a zero balance

Anonymous — Sun, 08 Mar 2015 04:37:20 GMT

@Anonymous wrote:
I pay my credit card all the time two days before my due date. With doing so the last time my score went down because of a zero balance. I have no idea why that happened and is there anyway to prevent it from happening again? My due date is the 10th, I pay it on the 8th my closing date is the 13th how can I avoid this?

Yes they go up my scores have gone about 7-10 points for having CC reporting a 0 balance!

Re: Score goes down when there's a zero balance

Anonymous — Sun, 08 Mar 2015 04:39:28 GMT

what I noticed is that (maybe it's just me), if score drops when balance goes down or zero, then score will go up when the balance goes up.

Re: Score goes down when there's a zero balance

Anonymous — Sun, 08 Mar 2015 04:45:09 GMT

I have no clue to why that happened. Someone told me to pay on due(in full) and then use again as soon as cycle date closes. I don't know I have to figure out why that happened.

Re: Score goes down when there's a zero balance

Themanwhocan — Sun, 08 Mar 2015 06:32:35 GMT

@Anonymous wrote:
I have no clue to why that happened. Someone told me to pay on due(in full) and then use again as soon as cycle date closes. I don't know I have to figure out why that happened.

http://ficoforums.myfico.com/t5/General-Credit-Topics/How-do-I-play-the-1-9-Utilization-Game-Please-Help/m-p/2471257#M199479

Re: Score goes down when there's a zero balance

newhis — Sun, 08 Mar 2015 06:39:17 GMT

@Anonymous wrote:
I pay my credit card all the time two days before my due date. With doing so the last time my score went down because of a zero balance. I have no idea why that happened and is there anyway to prevent it from happening again? My due date is the 10th, I pay it on the 8th my closing date is the 13th how can I avoid this?

How many cards do you have? Do you pay your full current balance or only the last statement balance?

Some cards report when you pay to $0 balance. If all cards report a $0 balance your score will be less than if 1 card report less than 10% and others at $0.

Re: Score goes down when there's a zero balance

Imperfectfuture — Sun, 08 Mar 2015 07:07:40 GMT

@Themanwhocan wrote:
@Anonymous wrote:
I have no clue to why that happened. Someone told me to pay on due(in full) and then use again as soon as cycle date closes. I don't know I have to figure out why that happened.
http://ficoforums.myfico.com/t5/General-Credit-Topics/How-do-I-play-the-1-9-Utilization-Game-Please-Help/m-p/2471257#M199479

This.

Re: Score goes down when there's a zero balance

Imperfectfuture — Sun, 08 Mar 2015 07:09:40 GMT

@Anonymous wrote:
I have no clue to why that happened. Someone told me to pay on due(in full) and then use again as soon as cycle date closes. I don't know I have to figure out why that happened.

Welcome to the forums. The answers you seek are here:

http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/bd-p/ficoscoring

Or here:

http://ficoforums.myfico.com/t5/General-Credit-Topics/bd-p/generalcredit

Re: Score goes down when there's a zero balance

Anonymous — Sun, 08 Mar 2015 08:08:43 GMT

@Anonymous wrote:
I pay my credit card all the time two days before my due date. With doing so the last time my score went down because of a zero balance. I have no idea why that happened and is there anyway to prevent it from happening again? My due date is the 10th, I pay it on the 8th my closing date is the 13th how can I avoid this?

didnt you know debt= credit lol

once that happend to me i stop reporting at a 0 bal every month. I start having a carry over bal, then paying it off the next statement then the score goes up. so in short carry a bal one month pay it off the next month and repeat. Always reporting at a 0 bal is good, but if u wanna keep the points flowing throw them a bone with a small bal every other month!

Re: Score goes down when there's a zero balance

Anonymous — Sun, 08 Mar 2015 14:00:50 GMT

Thanks everyone!! That thread had some really great information. .... it is greatly appreciated! !