50% the new 90%, last paragraph has info on fico '08

[MidnightVoice]

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@dnm45227 wrote:

that's nothing i thought everyone was dating, married to, or named dw.

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And the hilarious thing is I nearly married someone whose initials were DW.

That could cause confusion in my life

[Anonymous]

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@MidnightVoice wrote:

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@dnm45227 wrote:

that's nothing i thought everyone was dating, married to, or named dw.

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And the hilarious thing is I nearly married someone whose initials were DW.

That could cause confusion in my life

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LOLROTF! To funny!

[MidnightVoice]

And what is more she is now divorced and has reverted to her original name 

So the term DW to me has many, many connations that it does not for others 

Message Edited by MidnightVoice on 02-24-2008 12:25 PM

[fused]

still sitting on hands............

[MidnightVoice]

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fused wrote:

still sitting on hands............

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Sensible man 

[RobertEG]

Timothy, you state that FICO starts adding points for util under 30%.  I dont understand how FICO can ADD points.  Utilization is 30%, or 255 points max.  It would appear that any level of util will subract some points from the max level, and that score cannot go above 255 for this category (revolv_install).  So how do  you ever "add" points?  Perhaps what is meant is that you will begin to add points to those already lost for 30%?  but that is the same at any %util.... confused....

[Anonymous]

IMO- 30% is the baseline for GOOD scores-

Add points under 30%, subtract points over 30%

Your thoery is the same- you just have to move the ruler over-

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RobertEG wrote:

Timothy, you state that FICO starts adding points for util under 30%.  I dont understand how FICO can ADD points.  Utilization is 30%, or 255 points max.  It would appear that any level of util will subract some points from the max level, and that score cannot go above 255 for this category (revolv_install).  So how do  you ever "add" points?  Perhaps what is meant is that you will begin to add points to those already lost for 30%?  but that is the same at any %util.... confused....

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[RobertEG]

Gottcha Timothy!  That makes sense.  Whatt you are saying is that you begin to add points above the normal, baseline points lost, which is apparently around 30%.  Thanks for your clarification of meaning!

[fused]

Here's my theory on this, I'm not sure how Timothy draws his conclusion.

In FICO scoring the max points that can be had for utilization (both revolving and installment) excluding mortgage trade lines is 150. I don't think it's 255 because the lowest score possible is 350. There are no 0 scores and everyone is at least a 350 or better. So here it is:

850 - 350 = 500 x .30 = 150 total points to be had

150 x .90 = 135 for revolving util, 15 for installment util

1-9%     util 135 points earned

10-19%      125

20-29.........115

30-39.........105

40-49...........95

50-59...........80

60-69...........65

70-79...........50

80-89...........35

90-94...........20

95 and up......0

[Anonymous]

i was just thinking seems like this fico 08 hysteria could be the 21st century equivlant of y2k. good thing my mil still has all those milk jugs of water.