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What was the change to your Utilization? If the first payment of $162 dropped you from say 15% to under 10% that can be a significant increase, however if the second payment dropped you to 0% on all cards that can actually have a negative effect. Also a single card with the balance at near max is a negative so a small payment on a small credit line that is near max is a good jump but then taking that one card down even further doesn't matter as much.
In short there are lines that it makes a big difference to be under, so a small amount can matter if you are boarderline. But once you are in a bracket moving around inside that bracket makes small differences so you need to drop down into the next bracket.
An example, if I have a small credit line of $300 and a balance of $300 a payment of $162 drops me on that card to less then 50% a really good score improvement.
I also have a card with a $15000 limit and say a $1500 balance (10% Util on that card), if I make a payment of $350 on that card it drops me to $1150 and changes Util to 7.6% a relatively small change.
Understood! So the key is to make payments large enough to put a dent in the debt? Thanks a million!
For some reason, Experian doesn't really move. I'm not sure why. Equifax and Transunion always move. Although given the indicators for Experian i.e. new acct., my score may move 1-5 pts. I'm puzzled as well?!! If your utilization decreased and you got a CLI, your score should've increased, even if not but 5 pts. DId they pull your credit for this CLI? If so, maybe they put an inquiry on your report. I monitor my credit scores on MyFICO.