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 Scores
Profile Image

Question By
Flabbergasted

2 Contributions
0 People Helped
I don't understand a how a score can just drop suddenly 35 points for just an accountincreasing $100

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

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-3 of 3Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
22 Contributions
7 People Helped
Most Helpful Response

Late?

Helpful to 1 out of 1 people

Possible that you got gigg'd for a "late payment" because the knuckleheads applied it incorrectly?

Top Contributor
8916 Contributions
4118 People Helped

The articles here cover what factors can cause credit score changes, and one of these is increased utilization.  I recommend taking the time to read the articles and utilize the financial tools so you get a better understanding of how credit works.I learned a lot.

Top Contributor
433 Contributions
197 People Helped

Depends - if you have $1,000 of overall credit limit, $100 puts you at 10% Credit Utilization, which will drop the score. If you only have $500 of credit overall, $100 will push you up to 20% utilization, which drops your score even harder. 
--

Best bet is to either get a larger credit line/limit, or not put $100 on it.

Reply by
Flabbergasted

2 Contributions
0 People Helped

My credit card utilization is at 0% .. A load i have messed up, and took one of my payments as purely principal instead of that month's payment.  I called and the matter corrected, so they reverted the principal only payment to a regular monthly payment which increased that loan amount by the 100$ which dropped my score from a 765 to a 730 ... makes no sense to me.

Results 1-3 of 3Results 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.