Question

[mmcolorado]

Apologies in advance if this question has been asked 100 times.  How can my credit score drop 60 points by paying off an $1100 balance on a credit card?

[FinStar]

@mmcolorado,

Your thread has been moved to the Understanding FICO Scoring section of the forums for better exposure to your question.

So, that the community can provide feedback, can you share additional details?

Which specific credit score or model are you referring to -- FICO or Vantage? Where did you see this data or change? What is the limit and the current balance on the credit card after your payment? What other tradelines do you have besides this one?

[mmcolorado]

Alert on FICO/ Experian: $1500 limit

• Credit change

  • Company Name

    CAPITAL ONE BANK USA N
  • Utilization Percentage

    75%  1%
  • Balance Amount

    $1,130.00  $19.00

[SouthJamaica]

---

@mmcolorado wrote:

Apologies in advance if this question has been asked 100 times.  How can my credit score drop 60 points by paying off an $1100 balance on a credit card?

---

It can't.

Something else caused it.

[FireMedic1]

Not making any sense. Time to pull your free report on annual credit report. 60 pts could be a new late or something else. Paying down a card wont do that damage.

[mmcolorado]

The Alert says:

Experian    -60  683

The balance on one of your accounts has decreased by $1,111.00

[FireMedic1]

Please pull your free annual credit report for EX and look it over.

https://www.annualcreditreport.com/index.action