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Sunnydawn513

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got credit cards with a balance with paid off. Last update dropped significantly; 12-15 points. Why?
Why would score drop if less is owed?

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Are they reporting the new balance on your credit report?  It can take up to 30 days for your credit card company to update your balance at the credit bureaus..

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If all of your cards were paid off and all of them reported a zero balance, you were penalized for not showing any revolving activity. Always make sure that one card reports a small balance on the statement date.

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I paid off one credit card and the same thing happened to me (Score dropped 15 points since last week) despite having two other open credit cards with small balanaces (3% of utilization each).  Why did my score drop 15 points since I have other open cards showing revolving activity?

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