Another "why did my score drop?" question

[Gladius]

Is Jared Jewelers (Comenity Banks) considered an "Installment loan" or whatever they call it?  The reason why I ask is cause i just paid down a $1085 balance to $0 and all my scores dropped 6-7 points.  My CL was $13k

[dragontears]

It should be a revolving account but you can check your reports to see how it is actually coding.

As for what caused the score change, not enough information to even guess....

[Girlzilla88]

Is this your only account?!     If it is a Revolving account and your only card you don't want it to stay at 0%.     That can be why the score dropped but I agree there is not enough information to go by to guess right now ...If you want to put all your accounts down and their limits your UTL etc we can see      If it wasn't considered a Revolving like a CC account and it is your only installment it can drop a few points at first then it will pick back up quickly

[Anonymous]

Yes, you didn’t give us enough information and data to make a good guess. But if you have no revolver with a reported balance you do suffer a penalty.

And as for the effects if it were installment would depend on if you had any other installments.