Credit Card Center Advertiser Disclosure

New Contributor
Posts: 72
Registered: ‎02-21-2012
0 Kudos

Reporting Spending habits

Not sure if this has been posted or not but this is interesting for those of us that pay our cc's off every month.
Posts: 17,474
Registered: ‎12-30-2011
0 Kudos

Re: Reporting Spending habits

Experian was doing that nearly 2 years ago; I think EQ followed suit sometime this past year.  Not certain about TU, but this is a win for lenders and for those of us which pay our CC's every month.  Even a win for people who PIF after the statement date.  


Really it's a good thing for everyone I think from an underwriting perspective: if you're behaving well and using the cards for short-term debt regardless of FICO's calculation on instant-in-time utilization, that'll show up in this data vs. someone who is pyramiding debt or whatever the FOTM term is from the lender's perspective.  Should reduce some of the false positives people have reported on this forum from Penfed and other lenders when it comes to approval decisions on various credit products, and reduce some of the flak people have had with slashed limits when they've been PIFing every month even on large balances.


Also is somewhat an extra bonus for those of us who high-balance set: have an 11K charge on my Zync this month which I'm just going to let report, and then kick it to the curb after it posts.  Probably will do the same on my BCP for that matter too the following month on when I square up 2008 with the IRS, don't have a card with useful enough limits besides those two to push that out more, but establishing the pattern can help possibly acquire higher limits in the future when requested.  Citi may hate me forever based on the data my report will show, but they're not a lender I'm chasing so w/e.


Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 758, EX 2 758, EQ 8 795, TU 8 762, EX 8 786 (7/28/17)
Goal Score:    EQ 5 750, TU 4 750, EX 2 750, EQ 8 800, TU 8 Blah, EX 8 800 (01/01/18)

Take the myFICO Fitness Challenge

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.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* 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.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on 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.