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allanac

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paid down credit cards $15,000. and score dropped 14 points why?
I worked like crazy to pay credit cards down so I could refinance....I so dont get this
How could it drop because I paid things off, my limits didnt change so it should have helped the utilization. Some one PLEASE explain this to me

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What is was your score at before the drop?

Mines in the high seven hundreds and paying balances has the opposite effect on my FICO as it would if I was in the five hundreds. It will lower if I am not "useing credit." 

Did you open any new accounts/inquires? 

Did the card furnishers close accounts? They will do that!

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