@buchstaber wrote:Yet my score instantly went down when I paid of the credit card. What the heck is going on here? Seems so counterproductive and contradictory.
Paying off your entire balance every month is not reflected in your utilization rate or, ultimately, your credit score. The balance that is used to calculate your utilization rate is based on your last statement balance.
See https://www.bankrate.com/loans/personal-loans/credit-score-fall-after-paying-loan/
