Why did my experian score just drop 26 points?

[brad0502]

I just got an update , my only change to my experian account is one of my cards (credit one) is now reporting a 0 balance . Previous balance was $6. What the #%*!

[Trudy]

If it was your only revolver with a balance that is now $0, sounds like the "no revolvers reporting a balance" penalty.

[brad0502]

This is not my only card, I have 4, and I’m an AA on 2. 3 of my 4 are zero balance. The fourth has a $300 of $500. Balance. The only thing that has changed is the $6 bal to 0. And another month of an on-time payment. This makes zero sense.

[Anonymous]

While the AU accounts may not "count" if the one with a $300 balance out of $500 limi is a major bank card, it definitely does and the paying off of your $6 balance to $0 had zero impact on your Fico scores.  Which EX score are you referencing, specifically?

What was the now $300 balance card's previous [reported] balance?

[brad0502]

FICO version 8
My four cards I have are...
Cap one $0 bal
Wayfair $0 bal
Credit one was $6, now $0
And my local credit union $300, of $500 limit. The only thing that is reporting differently is the balance change.

[brad0502]

Update... just got a trans union alert for the same balance change. Trans union score increased by 1 point. Looking back at all my alerts experian has had weird point drops like this in the past with utilization going down. Makes zero sense...

[Anonymous]

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@brad0502 wrote:

And my local credit union $300, of $500 limit. The only thing that is reporting differently is the balance change.

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Right, but what was the $300 reported balance the previous cycle?

[brad0502]

Previous balance was $247 that reported June 26, on July 26 balance reported was 357.  This card has not reported for Aug yet.