@takeshi74 wrote:
Are you sure you're accounting for all data changes impacting your score? A revolving account is a revolving account and it should not matter. What scores are you monitoing? Which models & which CRA's? How are you monitoring these scores? What service(s) are you using? How significant of a change to revolving utilization is there in these cases? Are you sure you're aware of the report dates for your accounts and when the balances are reported (and when the CRA's actually update)?
It's very easy to mistakenly assume causality. I'm not saying that's the case in your situation. Just asking the above question to help confirm.
I agree! And thanks for the Q's... this is exactly what I was asking for! I'm trying to figure out how this all works. I am basing it on the alerts I receive from myfico.com when things are reported (all 3 bureaus). You're right though, there are other factors in the background each time something reports, so it most likely is just a fluke. So weird though... for example, around 9 months ago I opened a new store card for appliances with $2400/$3000 right out of the gate. There was little impact from this, which suprised me. A few months later, I charged $1600/$2500 on my Chase Freedom, thinking I would miss the statement date and have that paid off before the next statement. Joke was on me though, because Chase reported my balance the next day! Scores dropped an average of 15pts across the board. That was so frustrating because I PIF'd that thing the next week, but that was definitely a lesson learned. Then another time, a few months later, I PIF'd Walmart $1100/$3000 and got 0 pts back, but PIF'd eBay Mastercard $300/$2500 and got like 12 points. Another time I PIF'd the Freedom after letting $397/$2500 report, and my score DROPPED 7pts. I then PIF'd the remainder of the balance on the Store Card for Appliances... got 0pts back!!! Crazy differences, but it could just really be that the Store Cards are reporting when everything else has a higher balance, so it is likely the overall utilization that makes it appear that my Store Cards are having less of an affect.... Interesting. I'm going to keep watching to see.
