@DaveInAZ wrote:
@Anonymous wrote:
Yeah it's at 60% so that does make sense. Ok. Thanks once it's reporting 0% will my points jump back up?Here is how most credit scoring models rate CC account utilization:
CC Utilization:
0-9% Excellent
10-29% Good
30-49% Fair
50-74% Poor
75%+ Very Poor
- I've gone over 50% util twice this year, both due to 0% balance transfers, and it dropped my score around 20 points each time. As soon as I got it down to under 29% my scores immediately rebounded. Obviously under 9% is ideal, but with so many 0% offers temptation sometimes wins out....
Also, with the collections & late payments showing on your credit report: The rule is if an account had late payments or was in collections BEFORE filing BK they can continue to report that, but it must also report Account Closed, $0 balance, Included in BK. My attorney made me wait 90 days to file as I had cash advances (which can be disallowed to be included in BK) but told me to not pay anyone, so I had a bunch of late payments reporting. But I got TU & EQ to remove them by disputing them, saying "reproting a payment as late is an attempt to collect a debt under protection of a federal BK court". TU & EX removed them all, but EX wouldn't budge and still reports late payments and even a charge-off during BK. But 5 years later my EX score is within a point or two of TU & EQ. So if you can't get them removed their impact on your score will fade over time with the reporting of on-time payments & responsible use of credit post BK.
edit 
CC Utilization:
0% Poor
1-9% Excellent
10-29% Good
30-49% Fair
50-74% Poor
75%+ Very Poor
haha sorry Dave!
@Scupra wrote:
@DaveInAZ wrote:
@Anonymous wrote:
Yeah it's at 60% so that does make sense. Ok. Thanks once it's reporting 0% will my points jump back up?Here is how most credit scoring models rate CC account utilization:
CC Utilization:
0-9% Excellent
10-29% Good
30-49% Fair
50-74% Poor
75%+ Very Poor
- I've gone over 50% util twice this year, both due to 0% balance transfers, and it dropped my score around 20 points each time. As soon as I got it down to under 29% my scores immediately rebounded. Obviously under 9% is ideal, but with so many 0% offers temptation sometimes wins out....
edit
CC Utilization:
0% Poor
1-9% Excellent
10-29% Good
30-49% Fair
50-74% Poor
75%+ Very Poor
haha sorry Dave!
“Blast your ornery hide, if ya does that just once more … I'll blast the fur clean off your flea bitten hide!”
- Just kidding. 
You're right of course - the credit scoring models don't like 0% overall utilizatiopn either. A bunch of CCs at 0% is fine, but they want to see at least 1 at 1-9% to show you do still have a pulse and do use your available credit.
@DaveInAZ wrote:
@Scupra wrote:
@DaveInAZ wrote:
@Anonymous wrote:
Yeah it's at 60% so that does make sense. Ok. Thanks once it's reporting 0% will my points jump back up?Here is how most credit scoring models rate CC account utilization:
CC Utilization:
0-9% Excellent
10-29% Good
30-49% Fair
50-74% Poor
75%+ Very Poor
- I've gone over 50% util twice this year, both due to 0% balance transfers, and it dropped my score around 20 points each time. As soon as I got it down to under 29% my scores immediately rebounded. Obviously under 9% is ideal, but with so many 0% offers temptation sometimes wins out....
edit
CC Utilization:
0% Poor
1-9% Excellent
10-29% Good
30-49% Fair
50-74% Poor
75%+ Very Poor
haha sorry Dave!
“Blast your ornery hide, if ya does that just once more … I'll blast the fur clean off your flea bitten hide!”
- Just kidding.
Needed this laugh while at work, thanks!
I would obtain full reports directly from the CRA's or if you still have them, the annualcreditreport site
@Anonymous wrote:
Sorry. I didn't realize it was all caps until I was done. I'm getting them from credit check total. My ex dropped 30 points the other day. TU raised and Eq stayed the same
Something wrong with this picture.....Wouldn't you say?
How long have you had the CCT service? Because sometimes reasons unknown CCT Credit report is really weird and shows accounts like you said, in collections and late payments. I suppose if you IIB all the accounts, this should not be happening. Anyway, I would definately call the bureaus and or request your free annual credit report from all 3 and compare what's going on....Good luck,
