My score drop 14 points

[nicholasyud]

So i let one of my card went to 300 dollars balance within 400 limit but i do have other card with 1300 limit total everything.....my total balacen around 250/1300 /////my score drop down 14 points ? wouuld anyone explain please ?

[toppers555]

It would be due to your utlilzation 300 on a 400 is 75% , not good at all.

[LS2982]

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@toppers555 wrote:

It would be due to your utlilzation 300 on a 400 is 75% , not good at all.

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this ^^

Util. plays a big part in your FICO score.

[Anonymous]

Overall, between the two cards, your utilization is 32% as well. You would want to stay below 10%.

[jamie123]

Yes, its the utilization. $1700/$300 = .176  So that is 17.6% utilization. That's how important utilization can be to your score.

Was that your CK score?

Have you received the MyFICO score yet?

[Tran92]

Yea definitely the utilization. Pay it off and keep your utilization below 30%.

[shalane85]

So why 30% Anything above that tanks your score?

[afjock21]

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@nicholasyud wrote:

So i let one of my card went to 300 dollars balance within 400 limit but i do have other card with 1300 limit total everything.....my total balacen around 250/1300 /////my score drop down 14 points ? wouuld anyone explain please ?

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From what I understand your utilization is MOST of you score... I mean, doesn't it make sense?? Geez.... wouldn't it be nice if the HIGHER UTIL meant higher score hahaha

[creditnocash]

i had no change in my apps/ inq or anything else age. 

when i paid my bb store card from 2300/2500 to 300/2500 my score went from 660 to 690 so it is possible. my util went from 60% to about 18%

[LionLaw]

If you pay your card with the $400 limit down to zero (and don't increase the balance on your other card), you'll get a nice boost for:

--Reducing your overal util%

--No longer having a card that's close to maxed out

--Having a zero balance on one of your cards.

If that balance going from 0 to $300 was the only thing that changed when your score dropped 14 points, then paying it back to zero will probably get you back all of those points.