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Posts: 4,752
Registered: ‎11-13-2012
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Re: Scorewatch Alert FICO went down :(

For me it has completely changed about 4 months ago. Before I got dinged 40+ points for reporting balances and today with 7 accounts reporting balances my scores remain pretty much the same as long as overall util stays around the same... wonder what happened to EQ Fico all the sudden ? .. I like it better that way and it also makes a whole lot more sense Smiley Happy

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Last app 01/15/2015
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Posts: 1,243
Registered: ‎07-18-2009
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Re: Scorewatch Alert FICO went down :(


lg8302ch wrote:

For me it has completely changed about 4 months ago. Before I got dinged 40+ points for reporting balances and today with 7 accounts reporting balances my scores remain pretty much the same as long as overall util stays around the same... wonder what happened to EQ Fico all the sudden ? .. I like it better that way and it also makes a whole lot more sense Smiley Happy


I saw the same thing when SW was upgraded to FICO 8.  If most or all my cards are carrying a balance there is only a slight change in scores. Before I could see 40 point swings or more.


I have reestablished credit over the last couple years
so my moniker is, well, rather out of date.

WM Discover $1800, WF Plat 12k, Chase Freedom Siggy18k, Amex Plat (60k H/B), Citi AA EWMC 25k
Regular Contributor
Posts: 352
Registered: ‎07-02-2014
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Re: Scorewatch Alert FICO went down :(

I'm going to be reporting a $1000 balance on my Discover for my new road bike because it's 0% and probably another $800 on my Freedom which is still 0%. These are the highest balances I've ever carried. I keep getting antsy about potentially transferring some $$ to pay it off but I'm trying not to worry too much. They'll be paid off in 3 months and I'm not applying for anything until 2015.


Hilton Honors $15,000 | AMEX Green | Chase Sapphire Preferred $9000 | Discover IT $6600 | Marriott Premiere Rewards $5000 | Chase Freedom $5500 | Barclaycard Visa with Apple Rewards $2000 | CapitalOne Quicksilver One $2000 | US Airways Dividend Miles $2400
Valued Contributor
Posts: 1,927
Registered: ‎06-21-2012
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Re: Scorewatch Alert FICO went down :(


maiden_girl wrote:

Request to move to correct forum "General".


why?

 

OP is referring to CC uti affecting his scores.

| Walmart $5k | Amazon $5k | NFCU $20k | NLOC $15k | Lowes $17k | BoA $15k | Freedom $3k | IT $5.25k | CSP $5k | Marriott $5k | AMEX TE $18k | Alaska $5k |
Starting Scores: EQ:571 EX:??? TU:597
Current Scores: EQ:694 EX:714 TU:711
Goal Scores: 700
across the board
Community Leader
Senior Contributor
Posts: 4,752
Registered: ‎11-13-2012
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Re: Scorewatch Alert FICO went down :(


cashnocredit wrote:

lg8302ch wrote:

For me it has completely changed about 4 months ago. Before I got dinged 40+ points for reporting balances and today with 7 accounts reporting balances my scores remain pretty much the same as long as overall util stays around the same... wonder what happened to EQ Fico all the sudden ? .. I like it better that way and it also makes a whole lot more sense Smiley Happy


I saw the same thing when SW was upgraded to FICO 8.  If most or all my cards are carrying a balance there is only a slight change in scores. Before I could see 40 point swings or more.


Thanks....so I am glad I was not dreaming and others get the same results....lol

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Posts: 223
Registered: ‎06-27-2014
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Re: Scorewatch Alert FICO went down :(

[ Edited ]

Yeah my score went down a few more points today to 634 because my 0% Cap One card first statement reported with a $892 balance with a $1,000 CL.  I'm not stressing tho because I got the card to make a large purchase to pay over time and thats exacty what I am going to do. 

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