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Question By
bapon

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My Credit Score has dropped by 24 points from the last month
It is because of the increased usage on the card reaching its limit ?
If now i pay off the credit card bills partly / completely then will the points will be added back to my score ?
I have not missed the payment but only waiting for the bill to be generated. Is using more utilization on the card effects the score ?

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the ideal credit utilization is under 10% BUT the difference between being under 10% and falling between 11%-20% not going over 20% utilization is minimal 10 points at most....so stay under 20% to maximize your credit score and if you don't already have 2 lines you need 2 any 2 will work....2 CC's is the easiet

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bapon

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Thanks henry.

The other query there was - If now i pay off the credit card bills partly / completely then will the points will be added back to my score ?

Any idea here ?

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