Util not affecting score much

[revvystoke]

Bought a house last month, have been paying off my cards before the statements close, but I let one report a 18k balance last week since the payment did not post until the day after statement cut. Mistake on my part but the fico scorewatch shows a drop of a whopping 7 points. I was expecting much worse. I did call and ask for a mid cycle update since I opened a new account last month and don't want to spook others. The only derog I saw on my CR was short credit history of a few years, didn't have a card in my name until I turned 18. Oh well, 12k in bills and I will be free and clear on the house. Can' t wait. I think I get more excited then my wife does when it comes to paying bills and timing them right.

[tomfromrictmame]

That means your utilization is less than 20%.  Quite frankly, without knowing much else about your credit profile, I'm not all that surprised.  My guess is if you were to pay that balance down by a half, you may not see any change.  Certainly complete conjecture on my part.

[-NewGuy-]

With UTIL under 20% you might not see that big a drop. What is the CL of the card you put it on?

[revvystoke]

It was the CSP card, it was maxed out with current balance plus pending transactions.

[TheConductor]

Utilization effect is different depending on where the rest of your credit profile places you in the scoring buckets. When you think about it, this makes perfect rational sense. The less risky someone's overall historical behavior is, the less you have to worry about an isolated one-time risk indicator (one month of a high balance reporting).

It's likely that if your scores were all 100 points lower, you would have seen a more substantial swing.

[juggalo9er]

i slipped upnand let 4000 balance report.....di not affect score even one point meow