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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
@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
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'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.
@maiden_girl wrote:Request to move to correct forum "General".
why?
OP is referring to CC uti affecting his scores.
@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
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
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.