11-21-2013 12:50 PM
11-21-2013 07:01 PM - edited 11-21-2013 07:04 PM
yes on Chase and overal is always less than 9%....wanted to test what high util on single cards would do and to my surprise it did not have an affect for my scores. Should have tested with 90% ..maxed out result. Might repeat this test with Discover one day just to see the results.....while CL is still low might use it for experimenting
I went from 660 to 646 to 660 to 646 to 660 again testing a 99% (roughly) tradeline from pretty to max to pretty to max to pretty again. EQ Beacon 5.0. Not sure where the breakpoint is but a maxxed tradeline is a non-trivial penalty from my own testing. First time with something like ~13% util second time 27% or something when I was max balance setting my Amex before and after 3x CLI. Get to do it again in January I think with the now 9K tradeline for 50% util. Good times!
11-21-2013 07:09 PM
11-21-2013 07:22 PM
11-21-2013 07:48 PM - edited 11-21-2013 07:50 PM
thanks a lot for your results. that is what I expected...the massive score killer is the number of accounts reporting a balance even 1$ balances....it gets ugly when more than half of the accounts report small balances.....so I might go for a test with 8$ ..1$ on each account to see if that really drops 50+ points for 8$ balance....rounded 1% util hope I never get punished for life for manipulating my scores to extremes ..LOL
Hah doubtful. Lender underwriters are admittedly more sophisticated than FICO in some respects. I'm certainly curious to see your results on that as well, I tend to be too sloppy recently with where charges wind up and I go 3/8 pretty much identically each time. Should do better admittedly.
That reminds me need to go find my Freedom card or get a new one, coming up on six months since last used, ugh.
Thank you for sharing your current results.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.