Son of a b*tch!!! I screwed up and let all my cards report zero bal and lost 23 pts from equifax and 16 pts from Transunion. Just waiting for the Experian drop.....*sigh*.
No big deal unless you planned on applying for an auto loan, mortgage, other in the next 30 days or so. However, I would be frustrated too. 
Nah. Was gardening for a while but still. I was over 700 on all three. That 699 is bugging the hell out of me. It sticks out like a sore thumb.
@Anonymous wrote:
@jawbrkr wrote:Son of a b*tch!!! I screwed up and let all my cards report zero bal and lost 23 pts from equifax and 16 pts from Transunion. Just waiting for the Experian drop.....*sigh*.
Sorry, I'm relatively new to credit gardening.
Can you explain more? Why does having your cards at zero balance make the bureaus report negatives?
Artifact of the reporting systems; $0 on all revolving tradelines was the same as no use historically which in FICO's data set indicated a higher likelihood for deliquency and default. As a result it's a straight negative in the algorithm and you always want to have at least one card reporting a balance.
Alert from my Fico today: 23 point drop
New out of BK 1 year...was doing so well...all because I'm trying to pay down my balance and got an CLI on my Cap1 card
FICO® SCORE CHANGE 663-640
640
Details
CompanyCAPITAL ONE
Balance Amount Decrease
Company Name CAPITAL ONE
Address 15000 CAPITAL ONE DR,RICHMOND,VA
Business Type Bank
- Utilization Percentage
- 26%
9%
- Balance Amount
- $289.00 $204.00
Wait, you paid down your balance to 9% and got a 23pt drop? You sure nothing else caused that? I just cant see that causing a drop.
