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Jesss20

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Is maxing out a CC make my score go down ? if so how do i get this to go back up?
I went over on one of my CC and i believe this made my score go down like 60 points. is this possible?

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Well the good thing is that Utilization has no memory.  Once you get your card back down your score will go right back up.  But as said above .... Never, NEVER max out a credit card if you dont have to.  And never, NEVER go over your limit.  This could cause adverse action from your credit card company such as giving you a higher % rate or even lowering your credit limit.  The other thing that could happen is other credit card companys that soft pull you can see that and they also might lower your credit limits because they think that you might be maxing out all your cards.  It is a very bad cycle to get in.

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Here are the answers

Yes,  maxing out a cc can make your score go down.

Paydown or payoff the CC that you have maxed out.

Yes.  your score will go down when you max out a CC.

If you do some reading here and other sites you will read were you Never Max Out A CC.  Never Ever. If you do then you need to expect your Credit Score to go down when you do that.  After you get Under the 10% Utilization then give it some time ( maybe a few months ) and it will bounce back.

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