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So over the past month, I've been working on paying down all my debt and get it below 10% as I thought this would help raise my credit scores. I am currently at 8%, Down from 17%. Now I just get an update that my Experian score dropped -11 points and my Transunion dropped -7 points. I currently only have one card with a balance, all the others are at 0. I also received credit increases on 2 of my accounts, which I would have thought would have also helped raise my credit score as it helped to decrease my current available credit usage. Please help me understand and what I am doing wrong. Thanks
We would need more information to help you determine the likely cause of your score drop, but it would not have been due to decreasing utilization. Can you answer the following:
1) Are any of your cards that are currently $0 AU accounts?
2) Is your one card that currently has a balance also reporting a balance?
3) Are you on a clean scorecard and, if so, how old is your oldest account?
4) Have any closed accounts fallen off of your reports?
5) Were any of your CLIs HP?
ETA: Also, can you confirm that you are looking at FICO, not Vantage scores?





