My Score jumped back up 14 points after a balance of $119 was reported.
@citymunky wrote:My Score jumped back up 14 points after a balance of $119 was reported.
So it appears that you were wrong in your original post, you did not have several other reported balances, and your 14 point dip was a typical all zero penalty.
@SouthJamaica wrote:
@citymunky wrote:My Score jumped back up 14 points after a balance of $119 was reported.
So it appears that you were wrong in your original post, you did not have several other reported balances, and your 14 point dip was a typical all zero penalty.
Definitely not. There are accounts reporting a balance each month no matter what (normally between 2-3% UTI).
1) AMEX Gold. Since utilization is not a factor, I never pay down the balance before a statement date.
2) Grow Credit. A free credit building service that reports as a LOC. I pay my monthly steaming service provider througt Grow Credit, and they report the payment to the CRAs. (5% UTI).
3) Random CC. I pay off all my credit card balances before the statement date, and leave one or two reporting to kept them from being dormant. The cards that I had report in the last two months were SavorOne since I was trying to put heavy usage in efforts to get a CLI, and Fidelity since the card have a high limit.
@citymunky wrote:
@SouthJamaica wrote:
@citymunky wrote:My Score jumped back up 14 points after a balance of $119 was reported.
So it appears that you were wrong in your original post, you did not have several other reported balances, and your 14 point dip was a typical all zero penalty.
Definitely not. There are accounts reporting a balance each month no matter what (normally between 2-3% UTI).
1) AMEX Gold. Since utilization is not a factor, I never pay down the balance before a statement date.
2) Grow Credit. A free credit building service that reports as a LOC. I pay my monthly steaming service provider througt Grow Credit, and they report the payment to the CRAs. (5% UTI).
3) Random CC. I pay off all my credit card balances before the statement date, and leave one or two reporting to kept them from being dormant. The cards that I had report in the last two months were SavorOne since I was trying to put heavy usage in efforts to get a CLI, and Fidelity since the card have a high limit.
The first two that you mention would not be counted as accounts with balance in computing "all zero".
I am quite certain that paying off a single card with a $119 balance did not, in and of itself, cause a 15 point score drop.
It seems likely that your other accounts had reported zero balances as well. You would need to look at the Experian report from the day the score dropped to see which of your "Random CC" were reported that day and which not. If you are using the Experian site, and have a paid plan, you can find the older reports.
If you can establish that you did still have 2 regular bank credit cards with balances reporting in that report the day the score dropped, then the 15-point drop is from something else.