Paying off a CC is so depressing...

[Anonymous]

Paying off a CC balance feels so good... then comes the FICO scoring monster....

"Nom.. Nom... Shame on you for being responsible and paying off your balance!!!!  I shall take away 15 points from you!!! HAHAHAHA..... {Dr Evil laugh}"

I'm assuming when the 5K BT at 0% shows from NFCU to PenFed that I'll get back every point I lost, and then some...

PenFed gave me a very nice CLI from 10K to 32K... so a 6K balance on one CC, across 62K (NFCU, PenFed, Cap1, Ovestock) available should bring my points back, not that it matters right now as I am TRYING to garden till july...

Just so silly that one gets a fico spanking for paying debt off...

Grr...

[DollyLama]

Yikes! I was hoping it would increase mine. I won't know just as yet, as out of 4 CCs, I paid off 2, and working on a 3rd, and hoping to keep the 4th at a <10% of CL. To keep my utilitzation low, and garden as I go.  Does it "punish" you for 1st month, until they report 2 mos after the payoff? Or does it take several months?

[Anonymous]

It's only temporary in my case, as all 4 cards show a zero balance.

Once the BT shows up on PenFed, I hope to gain those points back.

Just annoys me...

So in a way it "punishes" you till somethign shows a balance of 1-9% of your total UTI on revolving debt.

I think there is more to it, something like only half your cards should show a balance as well.

[Anonymous]

All you have to do is let one card report a small balance and you'll get back the 15 points or whatever you lost.  It's a very small work-around in the FICO system, but one that's super simple to employ and reap the benefits of.

[Anonymous]

Yeah... The BT reported today and I got my 17pts back
DW got 25 back!