Score dropped after balance transfer due to accounts not being updated?

[Anonymous]

So I've started monitoring my Fico/Credit scores more closely and I compelted a balance trasnfer on 2 of my CC's with medium sized balances onto one of my 3rd ones that had a 0% interest for 15 months.

I logged in today to find my score dropped like 30-35 points because my credit utilization spiked from 28% to 56%. Basically the credit card I transfered the balance to was updated but the two CC's that were paid off haven't updated so to them it looks like I double my credit. I'm assuming that is why my scores dropped.

I know that eventually the CC's will report the updated balances but doesn't seem right my score dropped over that.

[calyx]

---

@Anonymous wrote:

So I've started monitoring my Fico/Credit scores more closely and I compelted a balance trasnfer on 2 of my CC's with medium sized balances onto one of my 3rd ones that had a 0% interest for 15 months.

I logged in today to find my score dropped like 30-35 points because my credit utilization spiked from 28% to 56%. Basically the credit card I transfered the balance to was updated but the two CC's that were paid off haven't updated so to them it looks like I double my credit. I'm assuming that is why my scores dropped.

I know that eventually the CC's will report the updated balances but doesn't seem right my score dropped over that.

---

Utilization is a snapshot and that ding should largely disappear when your balances do update.

It might not feel "right" to you, but however it is FICO calculates is not personal, and it does not know what is going on with your balances, it just sees that higher utilization at that moment.  

[Kree]

---

@Anonymous wrote:

So I've started monitoring my Fico/Credit scores more closely and I compelted a balance trasnfer on 2 of my CC's with medium sized balances onto one of my 3rd ones that had a 0% interest for 15 months.

I logged in today to find my score dropped like 30-35 points because my credit utilization spiked from 28% to 56%. Basically the credit card I transfered the balance to was updated but the two CC's that were paid off haven't updated so to them it looks like I double my credit. I'm assuming that is why my scores dropped.

I know that eventually the CC's will report the updated balances but doesn't seem right my score dropped over that.

---

If you have an immediate need for a higher credit score you might be able to ask the two CCs that you paid off to report "out of cycle". Some CC issuers do this automatically, others will do it by request, and some will say they cannot do so. I am not aware of a list telling you which is which, but contacting customer service can't hurt.