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Question By
pholmesiii

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Why did my score go down this month? Everything still paid on time!
Score dropped from 668 to 657 from Dec to Jan.
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Make sure that you pay off your cards around the end of the month and try to make sure you have zero balance on or about the first.  That's when the companies report balances.  ie.  1k balance on first and you pay on 9th.  To the reporting agencies, it will look like you have 1k when you actually pay off in full.  Does not matter about the cards billing cycle.

Also, make sure your cc company did not reduce your limit.  With the new laws, they will do this and not even tell you.  This can cause your utilization to go up without you even knowing it.

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Did your credit card balances increase?

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1 Person Helped

err inquiry

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Or maybe a credit unquiry?

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