I have always been one to acknowledge when I am wrong. I am happy to say that I was wrong about the CW product from CapOne. It has updated twice in the past week with changes to my TU report. After the initial nothing burger, it finally updated. I updated my 3-bureau report from EX tonight and saw that my score went up 3 points to 826. Refreshed CW tonight and got the same result! Looks like it will update more than monthly. Maybe they just had to work out some bugs.   @Junejer wrote: @NoHardLimits wrote: @firefox100 wrote: This morning I check Creditwise to see if my Discover and Wf attune mc has updated through Creditwise, both of the accounts have close in the past week. Credit wise has not ubdated the balance. I went to Annual creditreport and pulled Transunion EQuifax reports and Transuion has not updated balance on both of my accounts then check Equifax report and both accounts have updated the balance. this shows me that creditwise is not at fault they are using transuion data an Equifax updates much faster, I don't this may because both WF and Discover may not report and update to Transunion as fast as they do Transuion.d  Nobody is saying that Transunion doesn't always update as fast as Equifax.  That is most certainly true, just as Experian doesn't always update as soon as Transunion for some lenders (Cap One is frequently mentioned).  What I (and others) are seeing is that even after Transunion updates, it sometimes does not result in a timely score update on Credit Wise.   That part. TU has updated the information, because CK has updated it. CW, I believe we will all find out, will only actively update monthly just as Discover does. One thing I noticed this morning is that it shows a reference to my score dropping 4 points since May 29th.      ... View more

@NoHardLimits wrote: @firefox100 wrote: This morning I check Creditwise to see if my Discover and Wf attune mc has updated through Creditwise, both of the accounts have close in the past week. Credit wise has not ubdated the balance. I went to Annual creditreport and pulled Transunion EQuifax reports and Transuion has not updated balance on both of my accounts then check Equifax report and both accounts have updated the balance. this shows me that creditwise is not at fault they are using transuion data an Equifax updates much faster, I don't this may because both WF and Discover may not report and update to Transunion as fast as they do Transuion.d  Nobody is saying that Transunion doesn't always update as fast as Equifax.  That is most certainly true, just as Experian doesn't always update as soon as Transunion for some lenders (Cap One is frequently mentioned).  What I (and others) are seeing is that even after Transunion updates, it sometimes does not result in a timely score update on Credit Wise.   That part. TU has updated the information, because CK has updated it. CW, I believe we will all find out, will only actively update monthly just as Discover does. One thing I noticed this morning is that it shows a reference to my score dropping 4 points since May 29th.    ... View more

@firefox100 wrote: It is not credit wise's fault, transunion is at fault. This is what I have been seeing that Transunion does not up date for several days after closing dates Equifax up dates faster, for example Discover closes on the nineth of each month Equifax by 11 updates some times Transunion could take up to week to show Discover's new account balance. No, it is on Credit Wise (CW). The account was updated on TU and Credit Wise still reports the same score it did prior to the update. I acknowledge that TU is unbearably slow at updating my accounts. Typically >a week in most cases. I have one account that was updated on EX on 5/25 and on EQ around 5/27. TU still has not updated the balance some two weeks or more later. This isn't the case with what's happening on CW though. ... View more

@Seatac wrote: The next question is will the score update every 2 days like with vantage or just  once a mounth like FICO I can emphatically say that the scores don't update daily as they say they do. My TU8 score was 812 as reported by my monthly pull through the Experian app on June 2. On June 10, TU reported a balance change which took a balance from $2,900 to $0. That's 15.3% to 0% utilization. That ought to trigger a score change 100% of the time. CapOne is skipping along reporting my score as 812 every day since the balance update, even though it says "updated on June **. I'll continue to check it daily to see the date of the monthly change. ... View more

@DuxMom1 wrote: Yesteday morning, Experian score 757. Utilization below 30%, perfect payment hisory. Got an alert I missed a lease payment ugh! My fault, don't know how it happened. Called and made account current immediately. How long until score improves? If I made account current can I  have late payment removed? I am undergoing cancer treatment. Could that help me to have late payment removed? I am on a hormone therapy that has strong side effects.   Thanks for any responses Where was the alert from? Was it from your lender or one of the CRAs? Was it 30 days or a few days past due? ... View more

If you're looking to app for something, then definitely working the revolving balances under the aforementioned thresholds is essential. If not, I'd still work on revolving debt reduction first to avoid potential AA. Choose your method, debt rolldown (snowball) or highest interest rate first. My preference was always to get early wins (suits my personality), so smallest balance with highest rate first and so on and so forth. GL. ... View more

@FICOdawg wrote: I personally like the debt snowball approach and chopping away the smallest debt and then ramping up payments to the next biggest one once it's paid off.      That said, do you actually NEED a higher score to get another loan/mortage, etc?       If the higher FICO score is needed for something, the most effective path is getting your CC utilization to 49% and then below 30%.   Have you had credit for a while?    Just be careful is you are younger and pay off your "oldest" loan could actually hurt you due to age of accounts.    Pay the newest loan off first if possible as that will potentially help you on average age.         If you don't need the FICO score for applying for credit, do what makes the most financial sense and ignore the credit score.        This still counts in the AAoA calculation. And the account may stay on the file for up to 10 years after closing. ... View more

Sorry this happened to you. Balance chasing is a quite common practice, as are decreasing credit limits. I recently had a card lower the limit by about $7,500 on me. I had a recurring subscription charged on the card for the past few years. It was only about $10/month, but when I canceled the subscription they decreased the CL a couple months later. I'll keep the card open but not going out of my way to charge anything to it, maybe once per year or so. These sorts of things suck, but they happen.   As stated earlier, get the new balances to report, then call them for reconsideration. ... View more

@Zoostation1 wrote: Since August 2024 I've been flatlined at 698 on my TU8 score.  Yesterday I got a notification of a 1pt increase to 699, but for the live of me can't figure out what the cause is.  I know it's not worth diving into, but I'm wondering if there's utilization threshold on TU8 that I'm not aware of.    For the entire time that I've been at 698 I've been letting 3/6 cards report (my profile contains nothing but revolvers), none have exceeded any of the known or suspected utilization thresholds for individual/overall. My reported utilization overall has fluctuated from ~5.7-8.5% during this time, but now due to a CLI that reported  late last month is right at 5% .  I didn't think there was any sort of threshold at 5% but wondering if maybe there is?    Other info that may or not be relevant -  2/23  I had a HP added on TU for a new NFCU account which made me 2/12 for inquiries.  Last app and new account prior was 4/12/24, dirty profile with a 7yr4mo old BK7. 1pt is trivial, but I'm always interested in figuring out more details on what causes movement of any sorts in scoring.     I don't know what could've caused a one-point change. Edit: mistakenly read your BK7 to drop off soon. Forgot those things are 10 years, not seven. Sorry. ... View more

2024 Convertible Camaro Sweet!!! I'm in love ... View more

@Thomas_Thumb wrote: Congrats on the Camaro. Spec details and pic? Did you get the Collector's Edition?   You could have paid cash for the car to finish the test plan. Thanks @Thomas_Thumb! I didn't get the collector's edition. I got what was in stock at the dealership. It had 98% of what I wanted. I would have preferred a 3LT, but ended up with a 2LT. I'll get some pics up later. I haven't taken any yet. ... View more

@Junejer wrote: @JoeRockhead wrote: Curious as to whether or not you're planning to stay loan free? Aside from the fact that it can be done, it would be interesting to see how long it takes you to get back to 850 without an open loan, and once you've paid down that major purchase.          I don't have any plans for a new loan in the forseeable future. That would be an interesting test, though I might hold onto the 0% interest for as long as possible. Update: I had no plans to add an installment loan, then plans changed. My plan was to payoff mortgage before getting my convertible. However, I read last week that GM was discontinuing the Camaro, so I took action. Bought a new Camaro yesterday. Experiment over. ... View more

This kind of spree used to be a thing 15+ years ago. These days, it's just not a smart move at all! I'd rethink and grab two or three cards that you want the most. ... View more

Thanks @TrapLine  ... View more

@SouthJamaica wrote: @TrapLine wrote: Offering my condolences as the exact same thing for almost the exact same number of points hit me this April 2024.   The mortgage was paid off last June 2023 coupled with the vehicle loan being zeroed I sit at 802 Fico 08 EX.   Now, just a bottom feeding low life in the world of credit!!! :( Well in the "world of credit" maybe, but to my mind your accomplishment is exemplary :)   I find the no-open-loan penalty, and its credit card counterpart, the all zero penalty, to be completely illogical.   I would love to be debt free one day, and would be glad to accept whatever 'penalties' FICO algorithms decide to dish out. That part! And, that part too! ... View more

@TrapLine wrote: Offering my condolences as the exact same thing for almost the exact same number of points hit me this April 2024.   The mortgage was paid off last June 2023 coupled with the vehicle loan being zeroed I sit at 802 Fico 08 EX.   Now, just a bottom feeding low life in the world of credit!!! :( ... View more

@JoeRockhead wrote: Curious as to whether or not you're planning to stay loan free? Aside from the fact that it can be done, it would be interesting to see how long it takes you to get back to 850 without an open loan, and once you've paid down that major purchase.          I don't have any plans for a new loan in the forseeable future. That would be an interesting test, though I might hold onto the 0% interest for as long as possible. ... View more

@keekers wrote: So basically always have an open installment loan? Is that the takeaway here? According to the FICO algorithms, yes, until your accounts age to the point where it negates the effect of not having one. I was just sick of playing the game. I was only charged $6 in interest over the past year, so not bad, but was sick of it nevertheless. ... View more

Congrats on your milestone. ... View more

Thanks, @gingerflower  ... View more