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[frankjaeger]

Delete

[Remedios]

I'd tone it down a bit so you don't turn away those willing to help you understand.

Saying that "scores" are dumb is same as saying "biochemistry is dumb because I don't understand it"

[frankjaeger]

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@Remedios wrote:

I'd tone it down a bit so you don't turn away those willing to help you understand.

Saying that "scores" are dumb is same as saying "biochemistry is dumb because I don't understand it"

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It's "dumb" to me when doing something one months makes one change happen, but then doing the same thing the next month makes a completely different thing happen. I shouldn't be penalized for paying off a debt one month and then get an increase for paying off a debt the following month.

[dragontears]

1. What credit monitoring service (CMS) are you using? 

2. What scoring model are you referring to? 

3. What other changes occurred to your reports in the month between the balance reporting and the reporting of the paid off card?

@Remedios I agree biochemistry is dumb until you understand it lol

[Remedios]

Also, you originally posted in BK forum?

Do you have a BK on file, since that can change how scoring algorithm responds to utilization changes. 

[frankjaeger]

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@Remedios wrote:

Also, you originally posted in BK forum?

Do you have a BK on file, since that can change how scoring algorithm responds to utilization changes. 

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I posted in BK because I'm one year out from my discharge date.

[frankjaeger]

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@dragontears wrote:

1. What credit monitoring service (CMS) are you using? 

2. What scoring model are you referring to? 

3. What other changes occurred to your reports in the month between the balance reporting and the reporting of the paid off card?

@Remedios I agree biochemistry is dumb until you understand it lol

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1. MyFico

2. Fico 8 I guess. Whatever it shows on the homepage of this site

3. No other changes reported.

[CaptJOB]

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@frankjaeger wrote:

Charge $500 on one card =  -27 points

Pay off $500 on that card =  -6 points

Pay off personal loan =  +/- 0 points

Have a balance of $39 when statement cuts =  -20 points

Have refinanced car loan appear before original loan showed paid off (essentially adding $9,000 more in debt) =  +/- 0 points

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1)50% utilization on a revolving account will lose you points if you're passing a lower threshold

2)Just a guess but 0% utilization on all revolving accounts? Lose points

3)Paying off personal loan will lose you points if it's your only loan so that looks right if you have an auto loan

4)I'm not wel versed enough in loans to make a judgement here but having a maxed(new) loan show up on my reports is a point loss. Sounds like maybe that's not the case on your dirty scorecard.

[KatSoDak]

I don't have answers but would like to ask a question.

Are you saying you lost an "additional" 6 points when you paid off the $500 charge that cost you 27 points?

[frankjaeger]

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@KatSoDak wrote:

I don't have answers but would like to ask a question.

Are you saying you lost an "additional" 6 points when you paid off the $500 charge that cost you 27 points?

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Yep. That's exactly what happened.