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My FICO score goes down every time I increase a balance, even a minor increase, but doesn't go up when I pay off debts. WHY?
For example:
Last week I paid off approximately $10,000 in debts with NO response from MyFICO or Experian, both of which send me alerts. Indeed, there was no change in my score.
This week an old, inactive credit card charged me a $20 annual fee. Experian reported it as a 2500% increase and my credit score dropped.
I recently refinanced my house and paid off the old mortgage. Nothing happened to my credit score.
This week the new mortgage was reported to the credit bureaus. My score went down 11 points.
This happens to me consistently. I don't see it covered in the materials recommended. Why is this?