Score Dropped When Utlization of Credit Card Went Down

[Anonymous]

Hello! I recenetly paid down the balance on one of my credit cards from 503.00 to 65.00. With this reporting on my credit report, my Experian score dropped by 4 points. I don't understand why my score would drop in this situation. I still have a small balance on this card, and have a couple of other credit cards that have balances on them as well. I didn't have any accounts close and have other types of credit on my report as well (auto, mortgage, student loans).

Any idea why the score dropped?

[Cswildfeuer]

i had the same thing happen and when one went up 200.00 my points went up 30.. i was going to write and ask same thing

[RonM21]

Something doesn't sound right. If you dropped in utilization overall, seeing a score drop wouldn't be normal. Are you sjre everything else on the report is exactly the same as it was prior?

[Anonymous]

Your utilization going down isn't the reason your score dropped.  There are other things going on with your file.  Tell us a bit more about your credit profile for good responses as why this happned.

[kalamazoo]

In response to the people posting about score going down when credit was paid down-I paid down 5 cards and my score went down 6 points plus everything else in my report like monthly mortgage, school loans, etc. also went down like they do when paid monthly. Yet last month when I charged over 100 dollars on a card it went up 6 points-I paid down this same card to 0 balance and my score dropped!

[Anonymous]

Agree, this has recently happened to me.

I paid down 3 cards out of five, from 11% util to 2%, no new inq's, accounts, nothing else changed except one inq falling off EQ, and I dropped 6-15 points betwen CRA's!

Seems very odd.