Closed CC account, Dropped 29 Points!!!!!!

[Anonymous]

on last may, i got chase, and amex NPSL, and the others cards 2 capone reported 0 balance, i do PIF before the statement cuts off, and the alerts are from

here myfico, i got creditkarma but  just to check my report data(transun/Equifax)

[Anonymous]

I'm getting info on one of my cards (not sure which one right now, lol) that they're using the new model.  But to my knowledge, I thought it would have a more positive effect on scores.  

[NRB525]

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@Anonymous wrote:

on last may, i got chase, and amex NPSL, and the others cards 2 capone reported 0 balance, i do PIF before the statement cuts off, and the alerts are from

here myfico, i got creditkarma but  just to check my report data(transun/Equifax)

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Ok, I think that's the issue: You need to have at least one card reporting a balance on the statement. If all cards go to zero, then FICO wigs out and drops the score.

Just use your other cards, let them report balances, and the score will begin to recover. It may take a couple of cycles, but it should recovery fairly soon.

[Anonymous]

wow, if i let report balance on the cards recover my lost pointsgreat!  thanks for the advice NRB525, i will let report balances this month under 30% of course, and see what happen, right now my lost are experian(29 down) equifax(45down) you guys are awesome,thank you all for your advices and cooperation in help me to figure this out, this was driving me craaaaazy hope in the next few days when the statement cut off (with balances)i see some back up again, on myfico scores

[NRB525]

Time will tell if my theory works. Update us back here when you get some news. We are all just trying to learn here.

Good luck!

[Anonymous]

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@Anonymous wrote:

wow, if i let report balance on the cards recover my lost pointsgreat!  thanks for the advice NRB525, i will let report balances this month under 30% of course, and see what happen, right now my lost are experian(29 down) equifax(45down) you guys are awesome,thank you all for your advices and cooperation in help me to figure this out, this was driving me craaaaazy hope in the next few days when the statement cut off (with balances)i see some back up again, on myfico scores

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Let one card report less than 10%, and the others zero.

[Anonymous]

Guys my statement cuts off on july 5th so on the 7th i have results so thats what  i am thinking, i am  to let the all  cards report a small balance,

around 20-25% and see what happen, i need to do somenthong to get back up again and you guys has been so great, kind and helpfull , can"t thank you all enough,

i will do the balance trycks, and will report back to you all Thannnnnk youuu allllll

[Anonymous]

should i let balances report on all cards or just one??? just making sure i am follow the protocol, LOL

[Anonymous]

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@Anonymous wrote:

should i let balances report on all cards or just one??? just making sure i am follow the protocol, LOL

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Just one, less than 10%.

[Anonymous]

Captool, thank you for the advice, i am more relax now, after all this great comments and advices that i been received from you all on my situationi will let one card report less then 10% the others zero balance, and i will report back as soon i get myfico  cycle changed wich is around july 7

again,you all has been very helpfull with the great advice and comments Best to you all