@Anonymouswrote:Well, what important to realize is that any utilization-related score change of X number of points would be exactly reversed if you reversed the utilization event that caused the drop in X points. So, a $65 balance reporting caused your score to drop X, you would gain X back as soon as that $65 balance reported back to what it was prior ($0, presumably).
Could be, however I doubt it will be that simple and predictable.
OP has done a good job getting rid of baddies, but as long as some remain, that unfortunately puts a wild card into the mix. Random changes such as a new $65 on a card that was quiet for a while contributes something, but other factors not so apparent may be causing this change, meaning zeroing this card may not get back exactly those points. In a clean file, very likely.
OP have you checked your mortgage scores? The FICO 8 scoring is different, and knowing where you really stand with a mortgage score is what you really want to track.
@Anonymouswrote:I have a revolving charge account with a $1,200 limit that I haven't used in about six months, and it had a zero balance all of that time. Well, I decided to buy a $65 pair of pants and the FICO gods dinged me with nine points off my Experian and eight points off TU --- Equifax wasn't impacted -- as soon as that $65 balance was shown on my monthly statement, which will be paid off to a zero balance again by the due date.
Other than the true ridiculousness of losing that many pioints off my FICO score for having the nerve to buy myself a pair of pants, my question is: Will my scores rebound to where they were previously once that $65 balance is paid back down to zero? Or will this pair of pants continue to cost me a lower score for months to come?
I doubt that a $65 balance caused the point loss.
In fact, I bought a pair of pants this weekend. Better make sure to PIF before that card reports
