Score going up and down why?!!!

[Anonymous]

Hello, I have three credit cards. Capital one, discover it and police and fire. Recently my score just dropped 15 points and I’m not sure why. My last statement was $52 which is only at 1% and my other card balances were $0 but this dropped my score 15 points. Now my previous statement was $328 which was 7% and my score increase 28 points. So I am wondering why did my score decrease if I decreased my utilization ratio. I thought having 1% was a good thing. My score went from a 748 to a 733. Please explain.

[SouthJamaica]

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@Anonymous wrote:
Hello, I have three credit cards. Capital one, discover it and police and fire. Recently my score just dropped 15 points and I’m not sure why. My last statement was $52 which is only at 1% and my other card balances were $0 but this dropped my score 15 points. Now my previous statement was $328 which was 7% and my score increase 28 points. So I am wondering why did my score decrease if I decreased my utilization ratio. I thought having 1% was a good thing. My score went from a 748 to a 733. Please explain.

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The decrease was not caused by going from 7% to 1% on one account. That would have either increased your score, or not affected it.

The decrease was caused by something else.

[DollyLama]

As South Jamaica stated, it was due to some other factor. While comparing your recent report to last month's report, looks for some factors such as average age of account, it may indicate an old loan or paid credit card that had years of credit history aged off. Any new accounts will also affect your score. Paying off a loan will ding your score, credit inquiries. 

You would have to give us a breakdown of all accounts, open and closed, revolving and installment to figure this out, and if a credit inquiry and/or any new accounts have appeared. 

[Anonymous]

Hi, I have 9 accounts in total. 5 loans and 4 credit cards, one of the credit cards been closed but I went on credit karma and it was report again on August the 11th. My student loans are out yet to be paid until the 22nd of this month. My credit history is 3 years. No missed payments, no collections. My newest account is my Police and fire credit union which was opened in July.

[Anonymous]

Hi, I have 9 accounts in total. 5 loans and 4 credit cards, one of the credit cards been closed but I went on credit karma and it was report again on August the 11th. My student loans are out yet to be paid until the 22nd of this month. My credit history is 3 years. No missed payments, no collections. My newest account is my Police and fire credit union which was opened in July. I don’t see what could be dropping my score down to 15 points

[Medic981]

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@Anonymous wrote:
Hello, I have three credit cards. Capital one, discover it and police and fire. Recently my score just dropped 15 points and I’m not sure why. My last statement was $52 which is only at 1% and my other card balances were $0 but this dropped my score 15 points. Now my previous statement was $328 which was 7% and my score increase 28 points. So I am wondering why did my score decrease if I decreased my utilization ratio. I thought having 1% was a good thing. My score went from a 748 to a 733. Please explain.

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Welcome to the myFICO forum.

Just keep in mind that the FICO scores are a snapshot in time. In theory, there can be many adjustments to your score throughout the day depending on what activity is being reported and what credit bureau file you are looking at. The thicker your file, the more activity that could be going on. When you pull a FICO score it is a snapshot of what your credit bureau file is reporting at that moment. 

In your case, as others have stated, something else is going on and you probably should look at your credit bureau report to see what may have triggered the change in your FICO score.

[Anonymous]

Hello, I recently had my utilization ratio drop from 9% to 7% and it boast my score 28 points. But recently I let my 7% ratio go to 1% and it decreased my score 15 points. What is a good utilization ratio to keep since 1% or 9% is not good for me.

[SouthJamaica]

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@Anonymous wrote:
Hello, I recently had my utilization ratio drop from 9% to 7% and it boast my score 28 points. But recently I let my 7% ratio go to 1% and it decreased my score 15 points. What is a good utilization ratio to keep since 1% or 9% is not good for me.

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You probably do not know that the 28 point increase was attributable to the utilization drop from 9% to 7%. It is highly unlikely that it was.

It is 100% certain that decreasing your utilization from 7% to 1% did NOT decrease your score.

[Anonymous]

I checked my credit report and nothing was different. If I do increase my ratio from 1% to 3% will it my score drop?

[DollyLama]

The closed credit card that reported again, does it have a balance reported? 

Is this the first report for your new credit card with Police and Fire? It should have dropped the Average Age of Accounts, along with Age of Youngest Account= with a 3 yr history, would ding your reports. You will gain it back after the account is open a year.