topic Credit Score dropped 99 points?? in General Credit Topics

Credit Score dropped 99 points??

GalaxyStars — Fri, 10 Jun 2016 15:24:46 GMT

So with a total of $28,000 in Credit available, was only using a max of $720.00 for a new iPAD I purchased.

Barclays Cash Foward card still in it's 0% interest free term.

I pay down my $175, just because I could. And my score drops 99 points?????????

Nothing else has changed on my account but a lower utilization, no new collections, inquiries, accounts or anything.

So basically I am being punished for not having enough debt?

Also all my other cards are at $0.00 balances. This was the only card with any type of balance.

Image included on this post.

Re: Credit Score dropped 99 points??

Pway — Fri, 10 Jun 2016 15:26:06 GMT

Did you loose these points on all three bureau's? or which one did you loose the points?

Re: Credit Score dropped 99 points??

GalaxyStars — Fri, 10 Jun 2016 15:29:40 GMT

Just Experian, Transunion and Equifax stayed the EXACT same.

Re: Credit Score dropped 99 points??

GalaxyStars — Fri, 10 Jun 2016 15:38:03 GMT

Now I'm fully aware that people have seen small credit drops by paying down accounts. But it's normally 10-20 points, but 100 points????

Re: Credit Score dropped 99 points??

Pway — Fri, 10 Jun 2016 15:38:13 GMT

I really don't know. It could be a glitch in the system.

Re: Credit Score dropped 99 points??

Anonymous — Fri, 10 Jun 2016 16:26:14 GMT

Nothing else has changed on my account

Something has changed. A 99 point score drop isn't possible without a major negative. Have you pulled a fresh report, or are you just looking at the alert?

Re: Credit Score dropped 99 points??

GalaxyStars — Fri, 10 Jun 2016 16:32:00 GMT

Yes.

I pulled a new report and nothing else has changed.

No new accounts, collections, inquiries, the only change of course is lower Utilization.

Have went over it 3-4 times now.

Re: Credit Score dropped 99 points??

Anonymous — Fri, 10 Jun 2016 17:08:50 GMT

What's the UTI on the Barclay? My DW lost 23 on ex and 13 on EQ because we let a card post with a 52 UTI. Even tho her overall UTI is still 6%. She was dinged for the one card. TU however went up 2 points.

edit: nvm was on mobile and didn't see the screen shot

Re: Credit Score dropped 99 points??

Appleman — Fri, 10 Jun 2016 17:08:51 GMT

I would go to CreditChecktotal and get a trial for $1, assuming you have not had one recently. (Cancel within 7 days)

See what they say, they will match myFICO scores (for FICO 08), and are at times even a few days ahead.

Re: Credit Score dropped 99 points??

RonM21 — Sat, 11 Jun 2016 04:44:30 GMT

There is definitely something up. 99 points is a huge differential for there to be no explanation for it.

Re: Credit Score dropped 99 points??

Anonymous — Sun, 12 Jun 2016 14:56:02 GMT

When I paid off a previous account, my credit score took a 60 point dive. It seems like the credit scoring does not like a $0 balance. Especially if you had that balance for awhile.

Re: Credit Score dropped 99 points??

takeshi74 — Mon, 13 Jun 2016 19:37:35 GMT

@GalaxyStars wrote:
I pulled a new report and nothing else has changed.

How did you pull the new report? What report are you comparing it to?

There's definitely a cause as any scoring model uses the data in a report to generate a score.

Re: Credit Score dropped 99 points??

Anonymous — Tue, 14 Jun 2016 03:42:31 GMT

OP- check my post: http://ficoforums.myfico.com/t5/General-Credit-Topics/Paid-down-capital-one-94-score-goes-down-20-points/td-p/4636733

Seems like something is up