Trying to understand

[Anonymous]

Hello everyone, I've read over the forum for the last 5 months but this is my first post.

So I have a total of 3 "in good standing" cc. Last reporting my 300 limit card went from 32%- 13% which caused an alert score change from 588-592.

Shortly afterwards I paid down another cc with 80% UTI down to 55% (1000 limit), alert for a balance drop but did not cause a score change. Is it possible for the score change to happen later or that's just it. I also noticed that my Amex Fico 8 had not updated as well.

[AndySoCal]

Was the updated balance showing on the credit report ?

[Anonymous]

It shows in the alert but when I clicked on accounts this am I noticed it still says 80% for all 3 CR. Thanks for replying

[Anonymous]

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@Anonymous wrote:
It shows in the alert but when I clicked on accounts this am I noticed it still says 80% for all 3 CR. Thanks for replying

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Is the credit monitoring tool (CMT) you are using myFICO Ultimate?  If so, you only get your reports update at most once per month (possibly only once every 90 days, depending on what package you have purchased).

[Anonymous]

If you are looking for practical guidance about what to do, your course is clear: work on paying off all CC debt.  Allow one card to report a small balance and then see what your scores look like after that.

[Anonymous]

OP, it sounds like your 3 revolvers all have relatively low limits, so paying them off shouldn't be a daunting task.  I'd not worry about your minor score changes right now from slight paydowns.  Simply know that in taking 2 of your revolvers down to $0 balances and allowing the final one to report a small ($5-$10) balance will result in your greatest FICO score potential.  Getting your revolving debt to that point will likely raise your scores significantly.

[kxkxkxx]

You are doing all of the right things....do not get too caught up in the small FICO score changes...sometimes they dont always go hand in hand and it will drive you nuts.

@brutalbodyshots is correct...work on paying off the majority of your CC debt but always allow 1 card to show a small balance...that will continously report back that your credit card utilization is low...which helps a lot.

Also, how many inquiries do you have on each report? Making sure those drop off is always a nice boost as well.

[Anonymous]

I'm using the monthly myFICO Ultimate.

[Anonymous]

Thanks, and I'm working on that for the next 3 months. Just was curious why going from $96 -$39 reporting balance on one card went up 4 pts; but $800-%$550 reporting on another card got nothing.

[Anonymous]

Two over the last 5 months