Huge drop in Experian score after paying on AMEX.

[Czyln]

My Experian score dropped 60pts from 798 to 738 in one day. My other scores are in 790s. Any idea?

Credit change
Company Name
AMEX
Utilization Percentage
Not_Reported%
Balance Amount
$1,538.00 -> $332.00

[disdreamin]

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@Czyln wrote:

My Experian score dropped 60pts from 798 to 738 in one day. My other scores are in 790s. Any idea?

Credit change
Company Name
AMEX
Utilization Percentage
Not_Reported%
Balance Amount
$1,538.00 -> $332.00

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I cannot see where that change would cause your score to drop. I'd consider pulling a current version of your report and checking it carefully, as something else likely changed.

[SouthJamaica]

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@Czyln wrote:

My Experian score dropped 60pts from 798 to 738 in one day. My other scores are in 790s. Any idea?

Credit change
Company Name
AMEX
Utilization Percentage
Not_Reported%
Balance Amount
$1,538.00 -> $332.00

---

I have no idea what caused that 60 point drop.

But I know that what did NOT cause it was a reduction in the balance of an account from $1538 to $332.  That did not cause a single one of those 60 points.

[Czyln]

I just got a new update today no other changes.

[SouthJamaica]

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@Czyln wrote:

I just got a new update today no other changes.

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You need to compare the report from the day of the change with the report from the day before.

What ever "updates" you are receiving don't tell the whole story.  

[Czyln]

Only one change a business inquiry, Kabbage.

[SouthJamaica]

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@Czyln wrote:

Only one change a business inquiry, Kabbage.

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I predict that in time you will find out what really caused the score drop. And when you do, please get back to us with that information.

[OmarGB9]

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@Czyln wrote:

Only one change a business inquiry, Kabbage.

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An inquiry would also not lead to a 60 point drop. I suggest going over the report from the day before and the report with this update with a fine tooth comb and going over every item/section line by line. 

[Anonymous]

@Czyln 

I've experienced a 20 point drop in the past. I always keep $2 on only one of my cards (AZEO). But one time I paid it off, and my score dropped 20 points due to having zero balance on all cards.