GFT Posted June 9, 2007 Report Share Posted June 9, 2007 I was pleased to see my score reach a new high Thursday but 2 days later(today), it dropped 14 pts. The reason is silly too. I have a Chase CC that hada ton of old 30 and 60 day lates. Well I had the balance allll the way down to$4 (from $16,000). The card was closed by credit grantor 2 yrs ago. I guessthat final $4 payment closed the card and that I guess shortens my credithistory? That's the only logic I can formulate. My history otherwise is pretty long. Link to comment Share on other sites More sharing options...
divemedic Posted June 10, 2007 Report Share Posted June 10, 2007 Once paid, the $16000 no longer counts towards your utilization. Link to comment Share on other sites More sharing options...
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