Help don’t understand why credit dropped

Credit and mortgage advice Forums Consumer Credit Improve credit Help don’t understand why credit dropped

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      davefollmer
      Participant

      I’m trying to rebuild my credit score and have been monitoring my credit score. I got an alert that* my score dropped 5 points. It dropped because of credit card use. I have been diligent in keeping my balance under 30% of my available credit. When my balance was reported today and caused my credit to drop, my balance was 22% of my total available credit on the card. No late charges in 5 years and one for the life of the card, 7 years. I pay the total balance of the card off every month.
      *
      Can somebody please*tell me what I’m doing wrong?
      *
      Thanks,
      Chad



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