@Anonymous wrote:
"The score is calculated on the info in your reports"...
Apparently not. My credit utilization is up on a card and nothing changes. My credit utilization goes down and the score doesn't change. I pay the entire balance off... zip. Then I make a purchase one day on the card with a near zero balance for a medical expense that amounts to about 15% or the card's maximum and not 10 days later my score goes down. This is the only card I use and my balance for the previous 6 months or so had been at about 40% of the card's maximum. I'm not late, I'm not applying for credit, my balances are low... so how exactly does what's on my report reflect that my score should drop???
"...so the terms 'temporary expense' and 'paid off in 30 days' are irrelevant. "
They shouldn't be. People who pay their bills should see their credit scores go up for what they actually do. Instead, my score went down because I had a larger than usual expense which dropped my score based on the possibility of what *might* happen based on some formula -- not the history in my report.
That's why I initially asked the question. I'm starting to come to the conclusion there there isn't really an answer on a message board.
Sometimes there is no answer. That's why you see the letters YMMV (Your Mileage May Vary) so often. There simply is no one size fits all/cookie cutter solution to many questions.
From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782
"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".
