Help!!!!

[Anonymous]

We have been paying down our credit cards and loans. We are now down to 14% Utilization. But, now our credit score keeps dropping. I do not understand why. Example. We just completely paid off on of the credit cards and we get an alert showing the balance decrease and a drop of 8 points on the score. Does anybody know why this is happening?

Thanks!

[Anonymous]

Don't let all of your CC report a 0 balance.  Let all but one report 0 and the other at 9% or below.

[Anonymous]

We still have 2 reporting balances. Why would the score keep dropping though?

[Anonymous]

It depends on your overall credit profile.  Paying down CC should only help.

Are you sure nothing else happened at the same time?

[Anonymous]

No, We are not late on anything. I even bought a Credit report through FICO because I was freaking out! The only change is lower balances.