Please let me know what you think:
My Capital One card had a small balance of $102 and was PIF as I have auto-pay setup.
My new Barclay Card already reported the NEW account to CBs with $0 balance BEFORE they even mailed me the card. So both my credit cards are reporting no balances, however the CapOne I've had over 3 years with recent activity.
Well today I get this alert message from MyFico:
TRANSUNION
The total balance on all your Bankcard account(s) has changed. The amount is a sum of all Bankcard balances. Score decrease 17 points!!!
EQUIFAX
The balance on one of your accounts has decreased by $102. Score decrease 13 points!!!
Does this seem like an error as I didn't realize PIF or $0 balance can DECREASE your score 17 points??? This seems very extreme... Or is this typical? Any action I should take?
Please advise! 
@Anonymous wrote:Please let me know what you think:
My Capital One card had a small balance of $102 and was PIF as I have auto-pay setup.
My new Barclay Card already reported the NEW account to CBs with $0 balance BEFORE they even mailed me the card. So both my credit cards are reporting no balances, however the CapOne I've had over 3 years with recent activity.
Well today I get this alert message from MyFico:
TRANSUNION
The total balance on all your Bankcard account(s) has changed. The amount is a sum of all Bankcard balances. Score decrease 17 points!!!
EQUIFAX
The balance on one of your accounts has decreased by $102. Score decrease 13 points!!!
Does this seem like an error as I didn't realize PIF or $0 balance can DECREASE your score 17 points??? This seems very extreme... Or is this typical? Any action I should take?
Please advise!
Let one report a small balance and the points will be returned to you. All at 0 is a Fico score ding, this is within the norms seen with all at 0.
