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My score drop 14 points

Valued Contributor

Re: My score drop 14 points


LionLaw wrote:

If you pay your card with the $400 limit down to zero (and don't increase the balance on your other card), you'll get a nice boost for:

 

--Reducing your overal util%

--No longer having a card that's close to maxed out

--Having a zero balance on one of your cards.

 

If that balance going from 0 to $300 was the only thing that changed when your score dropped 14 points, then paying it back to zero will probably get you back all of those points.


agree

Current: Discover Fico 709 3/15 Walmart Fico 743 4/15

Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Over 12 Months:9


2015 Goals:
Lower Utility
Earn Cash Back

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$7,400
Citi DC $10,000
Citizens Mastercard$7,000
Message 11 of 23
Senior Contributor

Re: My score drop 14 points


afjock21 wrote:

 


nicholasyud wrote:

So i let one of my card went to 300 dollars balance within 400 limit but i do have other card with 1300 limit total everything.....my total balacen around 250/1300 /////my score drop down 14 points ? wouuld anyone explain please ?


From what I understand your utilization is MOST of you score... I mean, doesn't it make sense?? Geez.... wouldn't it be nice if the HIGHER UTIL meant higher score hahaha


Utilization is 30% of your FICO score.   That is a big chunk, but it is not most.

 

Message 12 of 23
Valued Contributor

Re: My score drop 14 points

i just tryna test out the system.......well i probably paid it off soon but the thing is the bill is not going to report until the end of the month...so.......i might not know my score until next month but will keep you all update.........didnt know about 20% out of 26% over all utili would drop my score that much since i paid everything in full.....


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 13k| Amex: NSPL|Dis: 9.4k|Cap: 5.5k|CAP: 2k|CSP: 13.4k| Pen:4.5k

Message 13 of 23
Valued Contributor

Re: My score drop 14 points

straight form myfico 

 

Current: Discover Fico 709 3/15 Walmart Fico 743 4/15

Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Over 12 Months:9


2015 Goals:
Lower Utility
Earn Cash Back

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$7,400
Citi DC $10,000
Citizens Mastercard$7,000
Message 14 of 23
Valued Contributor

Re: My score drop 14 points

i mean 26% utili from 1% last months ? 14 points ? is that seem like a lot to you all ?


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 13k| Amex: NSPL|Dis: 9.4k|Cap: 5.5k|CAP: 2k|CSP: 13.4k| Pen:4.5k

Message 15 of 23
Valued Contributor

Re: My score drop 14 points

Fico weird I swear....score bump back up 660 today and don't known why ????

i remove my name as authorite user on the new discover card 2 days ago........are they updated that quick ???

.the score drop 14 point when my 300/400 limit report on sep 30

and after a week today oct 7 went back to 660......hmmmmmmmmmm......


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 13k| Amex: NSPL|Dis: 9.4k|Cap: 5.5k|CAP: 2k|CSP: 13.4k| Pen:4.5k

Message 16 of 23
Highlighted
Regular Contributor

Re: My score drop 14 points

so, where does utilization come in play on the pie chart?

FICO EQ: 633 8/15/12
lender pulled 11/3/12 EQ 661 TU 650 EX598
credit Karma 674 credit sesame: 663
B/K discharged 2/2006......closed 8/2012

May your limits be high and your balances low!

Message 17 of 23
Regular Contributor

Re: My score drop 14 points

The amounts owed 30% .
TU 746 (10/13)
GOAL: 750+






Message 18 of 23
Valued Contributor

Re: My score drop 14 points


nicholasyud wrote:

Fico weird I swear....score bump back up 660 today and don't known why ????

i remove my name as authorite user on the new discover card 2 days ago........are they updated that quick ???

.the score drop 14 point when my 300/400 limit report on sep 30

and after a week today oct 7 went back to 660......hmmmmmmmmmm......


sw has been known to do some weird things. 

i was i dropped to 692 one day then next day went up to 708 then 710 then dropped to 682 now all in the span of like 5 days. (well the last one is because my auto loan finally reported. 

Current: Discover Fico 709 3/15 Walmart Fico 743 4/15

Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Over 12 Months:9


2015 Goals:
Lower Utility
Earn Cash Back

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$7,400
Citi DC $10,000
Citizens Mastercard$7,000
Message 19 of 23
Valued Contributor

Re: My score drop 14 points

any experts in da house ?


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 13k| Amex: NSPL|Dis: 9.4k|Cap: 5.5k|CAP: 2k|CSP: 13.4k| Pen:4.5k

Message 20 of 23