Understanding FICO® Scoring

turn on suggestions Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Reply
Topic Options
Senior Contributor
smallfry
Posts: 4,824
Registered: ‎04-20-2007

Re: FICO Scores and Utilization - Where are the cutoff points and how much do they matter?

Options

‎08-15-2007 05:26 PM


Pangloss1980 wrote:
An additional question: Say you have 10 cards each with 10k limits. If you stay at 0% on 5 cards but go to 80% on 5, does that hurt your score more or less than going to 40% on all 10 cards? 40% util overall, but differently distributed, and in a way that affects the profitability of the BT game. (Not all cards are created equal, etc.)


All things being equal you are better off spreading it around. Who knows how many points though.
Message 21 of 26 (1,198 Views)
 
Reply
Moderator Emeritus
fused
Posts: 16,158
Registered: ‎03-12-2007

Re: FICO Scores and Utilization - Where are the cutoff points and how much do they matter?

Options

‎08-15-2007 05:34 PM


MidnightVoice wrote:
You are correct - EX lists monthly balances for the last two years and credit limits and credit limit changes.  From that is is possible to calculate historical utilization patterns.
 
MY CSC/EQ does not seem as informative

Which Fako site shows this info? I can't find it! I use TC and CreditSecure.
Message 22 of 26 (1,195 Views)
 
Reply
Super Contributor
MidnightVoice
Posts: 8,091
Registered: ‎03-25-2007

Re: FICO Scores and Utilization - Where are the cutoff points and how much do they matter?

Options

‎08-15-2007 05:49 PM


fused111 wrote:

MidnightVoice wrote:
You are correct - EX lists monthly balances for the last two years and credit limits and credit limit changes.  From that is is possible to calculate historical utilization patterns.
 
MY CSC/EQ does not seem as informative

Which Fako site shows this info? I can't find it! I use TC and CreditSecure.


It is from a REAL EX CR
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Message 23 of 26 (1,193 Views)
 
Reply
Moderator Emeritus
fused
Posts: 16,158
Registered: ‎03-12-2007

Re: FICO Scores and Utilization - Where are the cutoff points and how much do they matter?

Options

‎08-15-2007 06:06 PM


MidnightVoice wrote:

fused111 wrote:

MidnightVoice wrote:
You are correct - EX lists monthly balances for the last two years and credit limits and credit limit changes.  From that is is possible to calculate historical utilization patterns.
 
MY CSC/EQ does not seem as informative

Which Fako site shows this info? I can't find it! I use TC and CreditSecure.


It is from a REAL EX CR
Where do I find this info?
Message 24 of 26 (1,190 Views)
 
Reply
Super Contributor
MidnightVoice
Posts: 8,091
Registered: ‎03-25-2007

Re: FICO Scores and Utilization - Where are the cutoff points and how much do they matter?

Options

‎08-15-2007 06:36 PM

From a Credit Report from Experian. Dispute something via TC and get a free one :smileyvery-happy:
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Message 25 of 26 (1,183 Views)
 
Reply
Moderator Emeritus
fused
Posts: 16,158
Registered: ‎03-12-2007

Re: FICO Scores and Utilization - Where are the cutoff points and how much do they matter?

Options

‎08-15-2007 08:47 PM


MidnightVoice wrote:
You are correct - EX lists monthly balances for the last two years and credit limits and credit limit changes.  From that is is possible to calculate historical utilization patterns.
 
MY CSC/EQ does not seem as informative

I must be incredibly stupid! I have never seen what you are describing here.
Message 26 of 26 (1,175 Views)
 
Reply

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
www.myfico.com is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+