cancel
Showing results for 
Search instead for 
Did you mean: 

Score Dropped?

tag
Anonymous
Not applicable

Score Dropped?

Why would making a $13,000 payment, and paying off a credit card, cause my score to drop by 14 points? Can you explain this non-sensical behavior?

 

Hammer

Message 1 of 5
4 REPLIES 4
Anonymous
Not applicable

Re: Score Dropped?

Hey MyFico

 

THIS IS A QUESTION. ANSWER IT. OR I'LL FIND ANOTHER OPTION TO MONITOR MY CREDIT.

 

Hammer

Message 2 of 5
StartingOver10
Moderator Emerita

Re: Score Dropped?

I moved your post to the appropriate forum so you can receive answers to your question.  

Message 3 of 5
Anonymous
Not applicable

Re: Score Dropped?


@Anonymous wrote:

Hey MyFico

 

THIS IS A QUESTION. ANSWER IT. OR I'LL FIND ANOTHER OPTION TO MONITOR MY CREDIT.

 

Hammer


LOL, settle down Beavis.

 

My guess is you now have zero $ reporting on your reports with regards to revolving credit.  You need (1) card to show a small balance and the rest paid off to zero.

Message 4 of 5
Anonymous
Not applicable

Re: Score Dropped?

The person that replied above is correct.  If all of your revolvers are reporting a 0 balance that's why your score dropped.

Message 5 of 5
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.