Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Cards
Profile Image

Question By
Anastassia91

0 Contributions
0 People Helped
credit card utilization
I used my credit on purpose for the first time to try and start building my credit, i used only 22% and paid it on time however its showing it dropped my score by 53 points!! why?? and what can I do to bring it back up??

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
1884 Contributions
3672 People Helped
Most Helpful Response

Scores fluctuate all the time

Helpful to 1 out of 1 people

Just using your card and paying off for one cycle does not prove a history.  

in simple terms, It went down because the lender reported that you used it,  30 days after your paid it the lender will report that you paid it, Your score should go back up. Use it regualrly and it shows lenders that you can manage it.  That's when your scores will stablilze and not fluctuate with just a little use.

Good luck

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.