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Regular Contributor
Posts: 116
Registered: ‎04-15-2009
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Re: Macys

Thank you Fused!  That makes complete sense.

 

thank you for your fast response!

Senior Contributor
Posts: 3,626
Registered: ‎10-13-2009
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Re: Macys


fused wrote:

 


CMS2012 wrote:

 

Thank you for posting this, but I have a question about the statement in RED.  Can anyone confirm if that statement is true or not?  From my personal experience, when Macy's stopped reporting my CL, my utilization went up 4% causing a slight drop in my score.  Granted, I am using CCT to pull daily reports, but utilization is utilization right? 

 


 

In FICO scoring, if you have any revolving CC that is reporting a $0 CL (or its blank) and there is no high balance reporting (or its blank), the trade line will not factor in revolving util calculations. Also, it doesn't matter if this card is reporting any balance or a $0 balance. I hope this makes sense.Smiley Happy

 


Makes perfect sense.  I'm sure in theory that is how it works.

 

Still, with Macy's there is something fishy going on.  Literally in a 24-hour period my scores dropped 8 points.  The only thing that happened was the credit limit from Macy's disappeared.

IAALBNYL
Moderator Emeritus
Posts: 16,375
Registered: ‎03-12-2007
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Re: Macys

at 06!

 

Okay, so no CL is reporting. How about a high balance? Or is it just blank?

Credit Profile -
FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: EX 1, EQ 1

Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring Mastercard ~ Chase Freedom Visa ~ CITI Dividend Platinum World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
Senior Contributor
Posts: 3,626
Registered: ‎10-13-2009
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Re: Macys


fused wrote:

at 06!

 

Okay, so no CL is reporting. How about a high balance? Or is it just blank?


At the point of the score drop I think (but not sure if I remember correctly) there was still a high balance.  Now there is no high balance.

 

But even if there were a high balance, that would have put my UTIL at something like 1.5% instead of 1.4%.  I think to FICO it looked like a card with a $10 balance and no limit looked like a maxed out card. 

IAALBNYL
Moderator Emeritus
Posts: 16,375
Registered: ‎03-12-2007
0

Re: Macys

I think your score went down because of changes in your overall (aka cumulative) util. 

Credit Profile -
FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: EX 1, EQ 1

Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring Mastercard ~ Chase Freedom Visa ~ CITI Dividend Platinum World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
Senior Contributor
Posts: 3,626
Registered: ‎10-13-2009
0

Re: Macys


fused wrote:

I think your score went down because of changes in your overall (aka cumulative) util. 


 But going from an overall 1.4% to 1.5%? 

IAALBNYL
Moderator Emeritus
Posts: 16,375
Registered: ‎03-12-2007
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Re: Macys

 


O6 wrote:

fused wrote:

I think your score went down because of changes in your overall (aka cumulative) util. 


 But going from an overall 1.4% to 1.5%? 


Are you absolutely sure nothing else changed? If FICO was scoring your Macy's card as maxed-out, you would have lost a lot more than 8 points.

 

Credit Profile -
FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: EX 1, EQ 1

Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring Mastercard ~ Chase Freedom Visa ~ CITI Dividend Platinum World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
Senior Contributor
Posts: 3,626
Registered: ‎10-13-2009
0

Re: Macys


fused wrote:

 


O6 wrote:

fused wrote:

I think your score went down because of changes in your overall (aka cumulative) util. 


 But going from an overall 1.4% to 1.5%? 


Are you absolutely sure nothing else changed? If FICO was scoring your Macy's card as maxed-out, you would have lost a lot more than 8 points.

 


Pretty sure nothing else.

 

I agree -- if it were seeing it as maxed out the damage would have been greater.

 

Another mystery!

IAALBNYL
Moderator Emeritus
Posts: 16,375
Registered: ‎03-12-2007
0

Re: Macys

Lets just hope stores, CCCs and banks don't start doing the same thing as Macy's. 

Credit Profile -
FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: EX 1, EQ 1

Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring Mastercard ~ Chase Freedom Visa ~ CITI Dividend Platinum World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
Moderator Emeritus
Posts: 4,470
Registered: ‎12-31-2008
0

Re: Macys


fused wrote:

Lets just hope stores, CCCs and banks don't start doing the same thing as Macy's. 


Well, it would sure as hades keep us all PIF'ing.

Just puttin' syrup on something, don't make it pancakes.
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