07-23-2009 05:33 AM - edited 07-23-2009 05:36 AM
Just a little brain teaser this morning on a FICO twist.
I had previously posted that I was getting a negative comment when my utilization was 3%. However, I realized it was possibly because my Discover $2k CL had a balance of $1700....plus I had $443 on NFCU that snuck through on a $25k CL. My TU FICO showed 776.
I paid Discover off and it has zero'd out on CR. However, I am doing some home improvement and let a $7000 PenFed balance report on my $10k CL. Plus I still show the $443 on NFCU. Utiliztion is now 11%, still have a negative comment on utilization but my FICO jumped up to 787.
07-23-2009 05:45 AM
LOL part B:
777 for 0% util, 767 for $18 util on a 3200 CL card.
Answer: IMHO those in major derog score group who have been clean are more likely to revert back to old ways as time goes by so lets ding them for low usage just to remindt hem to stay clean. In your case (probably a clean record), we dont like clean records so we are trying to get you to use more credit so we can smack you for high util or hopefully a late payment.
Seriously, I think TU score have been weird lately and I swear that 1 year ago, 1% util had no effect on my TU score. I would say the TU scores here have been tweaked but there really isnt a way to know for sure.
07-23-2009 06:28 AM
I'm sure a couple of my recent accounts hit 3 months, but I am not aware of that being a big boost, especially not enough to compensate for 11% uti and 70% on a single card, but I could be wrong. I have no explanation myself.
07-23-2009 08:08 AM
Some of these changes make sense - others are a lot less clear. More examples:
1) My UTIL went from 8% to 12% -and- I let one more account report a balance. Cost me 23 points on EQ FICO. Seems high, but it kinda makes sense.
2) Had some new stuff report. Impact on TU FICO: 731 -> 729 for -2. Impact on EQ FICO 699 -> 703 for +4
TU's ding for a new account seems to exceed the value of the decreased UTIL. The reverse for EQ. Possible explanations: 1) Different scoring models. 2) Different scoring buckets. I have a baddie (120-day late/13 lates) reporting on EQ. I only have 2 30-day lates reporting on TU. Both CB's report lates on two accounts.