@Tim_S wrote:I received an alert this morning from MyFICO stating one of my card balances increased $4.00 from 0% to 1% utilization. That $4.00 balance resulted in a 17 point increase on Experian. I"ve heard from many on these boards to only have 1 card reporting a balance and I guess that may not be true. I always have 1 card reporting a balance every month with around a 7% UTI and now a 2nd card reported a $4.00 balance and it gave me a score increase. Still trying to figure out all the little nuances of FICO.
I'm guessing something else changed honestly.
We've never had any data that suggested any non-zero number triggered the all $0's penalty (assuming that it was reported to the bureau anyway) unless the card that had a balance was an AU and discounted under FICO 8.
Did you see a similar corresponding drop assuming you went from 2->1 cards previously? Test it would be my suggestion.
How long was that card reporting a zero balance?
@Tim_S wrote:I received an alert this morning from MyFICO stating one of my card balances increased $4.00 from 0% to 1% utilization. That $4.00 balance resulted in a 17 point increase on Experian. I"ve heard from many on these boards to only have 1 card reporting a balance and I guess that may not be true. I always have 1 card reporting a balance every month with around a 7% UTI and now a 2nd card reported a $4.00 balance and it gave me a score increase. Still trying to figure out all the little nuances of FICO.
The score change and the utilization change may have been, and IMHO undoubtedly were, unrelated to each other.
I don't know if anything else changed. All I know is I received an alert from MyFICO stating,
@Tim_S wrote:I don't know if anything else changed. All I know is I received an alert from MyFICO stating,
The MyFICO alert doesn't say "as a result", you're reading that into it. The MyFICO alerts seem almost designed to cause this confusion, but the assumption that the one resulted from the other is not correct.
