topic Re: guess what? score remains the same! despite... in Understanding FICO® Scoring

guess what? score remains the same! despite...

beautybrainsbooty — Thu, 25 Oct 2012 21:45:12 GMT

a change in balance from 0 to 453 dollar balance reporting. I fully expected my score to dip based on the info in the forums. I braced myself for it. But it didn't move, which lets me know I have more than a 9% leeway when it comes to fico scoring. Maybe it appreciates the use of my credit versus the non use before? Ohhhh to understand the FICO formula....still happy tho ;)

Re: guess what? score remains the same! despite...

YahComb — Fri, 26 Oct 2012 00:15:51 GMT

if you had a zero balance overall, then that would have actually lowered your score too.

Re: guess what? score remains the same! despite...

distantarray — Fri, 26 Oct 2012 00:19:46 GMT

2% is supposed to be ideal =\

Re: guess what? score remains the same! despite...

sgs10 — Fri, 26 Oct 2012 15:54:19 GMT

How about 1%

Re: guess what? score remains the same! despite...

nicholasyud — Fri, 26 Oct 2012 18:19:42 GMT

From my experience, Fico not usually update your score by the end of the month.

Let said if you paid your bill today on Oct 26. You likely not going to see the change until maybe the first 10days of November.

They calculate all your credit cards utility by the end of the month.

Maybe you would see some change by somewhere in November.

Hope it help.

Re: guess what? score remains the same! despite...

djrez4 — Fri, 26 Oct 2012 19:35:24 GMT

Your FICO changes constantly. If a card reports a balance today, your score will change today. If another card reports a balance tomorrow, your score will change again tomorrow.

I think you snuck in under the mythical 10% utilization threshold so nothing changed.

Re: guess what? score remains the same! despite...

distantarray — Fri, 26 Oct 2012 20:52:46 GMT

sgs10 wrote:
How about 1%

that's the funny thing about Fico

Re: guess what? score remains the same! despite...

beautybrainsbooty — Mon, 29 Oct 2012 22:32:00 GMT

thanks for the info guys! I am definitely on top of my score so we will see next month as I will have quite a bit hit BEFORE I pay in full. I really want to see the effect...

Re: guess what? score remains the same! despite...

sccredit — Mon, 29 Oct 2012 22:44:56 GMT

Keep it up! A little balance shouldn't hurt too much. My scores have stayed the same with my utilization sliding around between 4% and 14% with no effect. Who knows!!! Just use what you have responsibly!

Re: guess what? score remains the same! despite...

ellicel — Tue, 30 Oct 2012 05:55:16 GMT

Does Cap One secured report the balance on the date of your last statement or the highest day to day balance? I went over the 10% in the middle of the month but paid it down a couple of days later.

Re: guess what? score remains the same! despite...

GregB — Tue, 30 Oct 2012 13:16:53 GMT

CapOne reports the statement balance like almost all CC. The only thing wierd about them seems to be that they take an extra day or two, to report to the CRAs.