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Paid down debt, why did my score go down?
To be clear: I changed NOTHING about my report. No new anything, didn't close anything, didn't charge anything, didn't move, didn't inquire about anything, NOTHING WAS DIFFERENT about my report except 2 things:

1. I paid down...not off, down some CC debt. Limits did not change.

2. my score dropped from 747 to 707.

You heard me when I said nothing else happened right. Report was identical. NOTHING changed except my score.

Is the fact that I stopped using credit and just cash causing my score to lower? If so, it's not a measure of how likely I am to pay a debt....It's a measure of how good a "customer" I will be...a good interest payer.

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1 Contribution
23 People Helped

Same thing happened to me

Helpful to 23 out of 27 people

I was so excited that in the past year I nearly paid off all my student loans. Decreased my debt by over $15000. Thought it would help my credit score, but it just dropped a couple points. Granted that is not a lot, but I thought it would go up! This whole credit score system is a total scam that has all of slaves to credit card companies. It is total BS! I am actually shocked our country lets such corruption exist. You need a good credit score to get a decent mortgage rate...but you have to be in debt to do that....errr.

1 Contribution
15 People Helped

Penalized for paying on time?!?

Helpful to 15 out of 20 people

Can someone help me understand why on earth my credit keeps going down when the only thing I'm doing is paying my bills on time????? What the hell am I supposed to do to get my credit score back to normal?????   This is really ****ing me off and very frustrating.  And for absolutely no apparent reason that I can seem to make sense of.  Oh and forget about trying to talk to someone at one of the credit reporting agencies.  I think I might have a better chance contacting GOD than them.  Enough is enough, what the hell is going on and who the hell can I talk to about fixing this problem.  Why won't anyone get back to me about this.  I've sent several requests with supporting documentation and my credit score keeps going down.  Somebody please tell me why so I can try and fix it.  

1 Contribution
8 People Helped

I have a car payment and one credit card

Helpful to 8 out of 11 people

that's it.. wich have both been payed on time every month. My score was finally almost to 600 last month and I check today and my score also went down 40 points for NO reason??? Why would it go up so many months in a row, nothing has changed and suddenly drop?? Like everyone else here has said so much for being responsible. why do they have to make it so complicated when they'd be getting all our money either way? Just makes me sad that this is the way the world works and i hope you fix this ****

1 Contribution
8 People Helped

Karma Krap

Helpful to 8 out of 12 people

Go figure.  I run my free credit score with this website and I'm told 792 and 802.  Well, you'd think with all the debt I recently dumped.  No, my actual score was in the 730s.  Keeps going down.  We're all fools for trying to be such outstanding idiots.  

1 Contribution
9 People Helped

Paid off house, credit cards and car

Helpful to 9 out of 13 people

I paid off all my debt at the end of December and my credit score dropped.  What a bunch of BS.  I worked hard and it took 25 years to pay off my home and all along I though wow my credit score is going straight up!? Wrong!  What a scam of a system.

1 Contribution
4 People Helped

This is CRAZY

Helpful to 4 out of 5 people

I paid down my CC and continued to pay my car payment on time as I should, yet my score dropped almost 10 points. WHAT THE !!!! You can't win... it's all about the financial institution. 

1 Contribution
3 People Helped


Helpful to 3 out of 3 people

First off I went to realtor to get a house so she told me my acted it score was a little to low so she told me what to do to get it up and it was paying down my credit cards to 0 remember 0 not closing the credit card so I did so next month comes and my ****ing score didn't move a bit but went down how the **** I ****ing hope this bull**** credit score closes .

1 Contribution
3 People Helped

The credit rating system is complete BS

Helpful to 3 out of 4 people

Same thing happened to me although after paying off one CC and paying another down to where it only has $100 left for a balance, my score dropped by 57 points.  Those were the only two changes that showed up on my report too.

The credit rating system is ridiculously broken and in terrible need of an overhaul or dissolution. 

The credit rating system = common core for adults.

1 Contribution
3 People Helped

Pay student loans, score goes down

Helpful to 3 out of 5 people

Same thing is happening to me, as soon as I started paying on my student loans, my credit score keeps going down every single month it seems. This is so frustrating because I pay on time every single time, I am never late becaue I know how "important" it is to have a "good credit score", obviously not if my score goes down every time and I am never late. The united states is so stupid I swear. 

1 Contribution
17 People Helped

Paid off car, credit score goes down

Helpful to 17 out of 21 people

I agree! I'm so ****ed! Its almost like you have to be swimming in dept to have a great credit score. I'm the only one working in my household and for years I have worked hard to get my score up. Finally got it to 692 last month, (Oct 2013). I paid off my car Nov 2013 thinking I'm finally going to hit 700, WRONG!!! My score went down 9 points! I'm military and move from place to place every 2 to 3 years. I do not own a home and I'm retiring in 2016 and tring to pay off all the credit cards and vehicles prior to retirement so I can purschase a house when I retire. However, if I continue to pay off things it seems my credit score will keep going down and I want be able to get credit to purchas a shoe box when I retire.

DO NOT pentalize me because I pay my bills on time and then pay them OFF! These are the good people. No wander the people of our Country is in so much dept, they have to STAY in dept in order to have good credit to have decent things. UGGGG!!

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0 People Helped
Helpful to 0 out of 2 people

Debt, not dept

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