Score dropped after paying down CC

[Anonymous]

More info for the people who say something else is the cause.

I have 5 credit cards. None of them are late. 2 years old. Util overall: 38%.

1 auto loan. 16 months. Zero lates
1 CLOC: zero lates. 2 years old

Zero Collections
1 public record. Bankruptcy. Almost 4 years old from 9/2014

absolutey NOTHING has changed EXCEPT payed down 1 CC from 63% to 28%......CL: $12,500 paid down to $3,604.

[tooleman694]

Samething happened to me this month, paid a card down and lost 10 points. Im about to charge it back lol.

[Anonymous]

Yes. Me too. That was almost $6k i paid. Only to have a minus 32 points.... That is complete B S .

[Anonymous]

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@Anonymousabsolutey NOTHING has changed EXCEPT payed down 1 CC from 63% to 28%......CL: $12,500 paid down to $3,604.

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While this may seem to be the case on the surface, it simply cannot be true.  Paying down CC utilization from 63% to 28% cannot lower your FICO scores.  It's impossible.  All you can do is obtain a copy of your real credit report and go through it line by line to see what exactly changed. 

[Anonymous]

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@tooleman694Samething happened to me this month, paid a card down and lost 10 points. Im about to charge it back lol.

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Again, the same issue here.  Yes, you paid down a card and lost 10 points, but you did not lose 10 points from paying a card down.  I know it's very difficult to try and see these two events as being unrelated since they appear to have taken place at the same time, but I can assure you that they are unrelated.

[tooleman694]

I checked my report up and down, it was that card. I think it was because with the lower balance I dont even have 1 percent total utilization.

[Anonymous]

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@tooleman694I checked my report up and down, it was that card. I think it was because with the lower balance I dont even have 1 percent total utilization.

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What is the reported balance for that card when you look at your credit report?  If the number is anything greater than $0, even $1, the account is viewed as having 1% utilization and it would be impossible to receive a FICO score drop based on that account.  If the reported balance is indeed $0 when you look at your report and you have no other revolvers with a current reported balance of > $0 it would be possible that your score dropped. 

[tooleman694]

So I was testing all zero except one, couple days before I had my second account with a balance go to zero. 10 points up, then I made the minimum payment on my last account with a balance and I lost the 10 points. It posted a balance of 20 bucks.

[Anonymous]

Remember too guys that going from multiple cards showing a balance to exactly one card showing a balance can be treated by FICO 8 as if all cards are at a $0 balance if the one card that has a positive balance is:

* A charge card, or

* A store card, or

* An AU card, or

* A card with an ultrahigh credit limit (> 50k)

[tooleman694]

It was my discover card.