Score drop each time I make a payment

[Anonymous]

The other day I posted about my experience about how my credit Score decrease by 94 points overnight

I paid off another $1000 two days ago, and when I checked my score today, it dropped by a couple of more points. Right now it's only 535. 

My source is CreditKarma and TransUnion. 

Here is my balance at the moment (I forgot what the balance was before I paid off the debt):

• Synchrony eBay Mastercard: $0/$300
• Ann Taylor Store Card: $0/$1000
• William Sonoma: $0/$1000
• Credit One Platinum: $0/$1000
• CitiBank Preferred: $0/$1000
• American Express Blue Cash: $556/$1000
• Amazon Store Card: $205/$1300
• Barclays Uber Visa Card: $1364.51/$2000
• Discovery Student: $572/$1000

I know that some of the payment activities have not shown up on the credit report yet. But there's no way that my score would decline, and absolutely no way it would decline by 90+ points at one time. 

Before I paid off the debt my credit score was 635, and now, paying off $2500 altogether, it became 535. This doesn't make sense. It would be more feasible if my score has increased by 100, but nope. 

For your reference, I have 0 late payment, 0 derogatory remark, no bankruptcy or collections, but the number of inquiry is a bit high -- 29 inquiries within the past 3 months (long story anyway.....) My oldest credit card is 3.5 years. 

Do you know where I can ask if there's a mistake? Dispute doesn't seem to work in my case. 

[sarge12]

Using creditkarma as a source is part of the problem, but even then paying off that debt is not what caused the score to drop. Look elsewhere. 29 inqueries in a 3 month span of time looks like very risky credit behavior to lenders.

[Anonymous]

---

@sarge12 wrote:

Using creditkarma as a source is part of the problem, but even then paying off that debt is not what caused the score to drop. Look elsewhere. 29 inqueries in a 3 month span of time looks like very risky credit behavior to lenders.

---

I also used TransUnion.

[Anonymous]

Credit Karma is a Vantage Score which is useless.  Stop using Vantage Score.

TransUnion's score may also be a Vantage Score.

If the score doesn't say "FICO" next to it, ignore it.  If it does say "FICO", tell us what version of FICO it says.

[MySunrise271]

@ABCD2199 In your link “FICO score what debt to pay down first” , I don’t recall you mentioning a closed account that is being paid down in your ranking. I just learned on another thread that this type of debt has a utilization of greater than 101% since the credit line is 0 but the balance is still due. I thought it was worth mentioning.🙂

[Anonymous]

OP, the only 2 things that would result in a 90-100 point FICO score drop are the introduction of a negative piece of information to your credit report or taking utilization from a very good place (say, single-digit percentage wise) to a very bad place, like maxed out.

It doesn't sound like you're looking at a FICO score, though, so you'll want to do that immediately.

For a quick and free FICO score (Experian Classic 8 score) go to creditscorecard.com and report back to us what it is.

[Anonymous]

With easy access to FICO in every direction you look, there is really no need to operate in the dark and getting upset over something that can very well turn out to be nothing, especially with many posts about weird VantageScore behaviors lately, get your FICO and post back.

[Anonymous]

Almost forgot, close Credit One.