Can anyone please explain why Equifax dinged me...

[Anonymous]

7 points for paying off my Barclay card?

[tufa4311]

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@Anonymous wrote:

7 points for paying off my Barclay card?

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Well for being responsible and paying off the money you owe of course...

All kidding aside, need more info. Did you have any other of your cards reporting a balance that month?

[Anonymous]

I am having a similar problem with my score. I was dinged went "balances" went down on a loan. And then today I got six points off of a credirt score because it claimed my "balance on my card went up 88 %". My balance went from $800 to maybe $1400, but only because I used the card. I do not carry a balance from month to month, I pay it off every month, but it appears that I was dinged 6 points just for using the card. I have a limit of $24,500 on this card. Do we get dinged every time we use the card and is any money on the card considered a balance even though only a few days have gone by and it is a couple weeks before the card is even due?

[NRB525]

Yes, more info please.

What was your EQ score two months ago? What is your EQ score now and is that before or after the 7 point drop?

[Anonymous]

My score was 688 and dropped to 682 because.i used up less than 10 per cent of the availBle credit and as soon as the charge showed up and before it was due I got dinged 6 points basically for using the card. I thought we were suppose to increase our scores by paying off the balance and paying early or on time.

in addition in the same time period I paid off the balance of my equity loan that I took out in 07. And this was a 12000 payment and it hasn't shown up. On my score.

[Anonymous]

My score was 688 and dropped to 682 because.i used up less than 10 per cent of the availBle credit and as soon as the charge showed up and before it was due I got dinged 6 points basically for using the card. I thought we were suppose to increase our scores by paying off the balance and paying early or on time.

It is my only card. I was thinking of getting another one, but only because it gives me a wider credit base. I don't need another card. 

in addition in the same time period I paid off the balance of my equity loan that I took out in 07. And this was a 12000 payment and it hasn't shown up. On my score.