How did this occur?

[NoMoreE46]

@OMG--Bruce, welcome to the myFICO community.

I will not disagree with what you said about paying off things being counter-intuitive.   As the saying goes: Don't hate the player, hate the game.

Hopefully you will gain some great insights on scoring and the like!

[OMG--Bruce]

So. Jam...I wasn't challenging what you said...just mind-boggled over it. All these tips are appreciated, I am merely struggling to grasp how the reality of scoring is so FN illogical. OMG! The student loans are in deferment, all have the same APR (from same lender) and I am tired of looking at em. Guess I'll hafta change my approach to paying bills. (((sigh)))

[SouthJamaica]

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@OMG--Bruce wrote:

So. Jam...I wasn't challenging what you said...just mind-boggled over it. All these tips are appreciated, I am merely struggling to grasp how the reality of scoring is so FN illogical. OMG! The student loans are in deferment, all have the same APR (from same lender) and I am tired of looking at em. Guess I'll hafta change my approach to paying bills. (((sigh)))

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If you're truly curious about the excuses FICO gives, here they are. But in my view they are totally illogical and disingenuous:

The data shows that having 0% utilization is slightly riskier than having a low utilization. Having low utilization is an indication that you have credit and are using it responsibly.
https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/We-re-Tom-Quinn-amp-Tommy-Lee-FICO-Score...

The data shows that going from low installment loan utilization to no installment loan balances reported (and thus 0% installment loan utilization) is slightly more indicative of future risk.
https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/We-re-Tom-Quinn-amp-Tommy-Lee-FICO-Score...

Having a low installment loan balance to loan amount ratio is considered slightly less risky than having a 0% installment loan ratio.
https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/We-re-Tom-Quinn-amp-Tommy-Lee-FICO-Score...

[Zoostation1]

Every time I read those reasons choice words I can't say in here come to mind.

[Adkins]

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@OMG--Bruce wrote:

My FICO dropped below 800 because of these updates (and everything else remained unchanged):

Balance Decrease: Bank Card

Your CAPITAL ONE account balance decreased to $0.00.

Credit Usage Decrease: Bank Card

Your CAPITAL ONE account's Credit Usage significantly decreased to 0.0%.

Loan Paid

ARIZONA CENTRAL CRED U has reported Positive Activity: Loan Paid.

FinancialFeb 03, 2023

I paid off all my credit cards, one vehicle loan (per contract-not early) and my score takes a plunge? How is this possible?

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A FICO score is a measurement of how well you pay your debt. No debt to be paid? You get penalized. I think it stinks, but consumers weren't originally supposed to even have access to their FICO scores to begin with.