07-31-2012 10:46 PM
08-01-2012 02:14 PM
The difference in FICO scores that credit card UTI causes is huge. There seems to be a few different score drop ratios. If you go over 9% UTI your score will drop some. If you go over 30% UTI your score will drop a lot.
With your current reporting balances you seem to have crossed over 2 threasholds in 1 month which may account for your score gain.
08-01-2012 07:42 PM
08-01-2012 07:45 PM
I thought that FICO uses overall revolving account utilization by taking into account all revolving accounts as a group. However, they must look at accounts labeled as credit cards and figure their separate utilization as a more significant value. So, if you have 8 revolving acct's and 2 of them are credit card acct.'s the utilization percentage has much more weight than the overall revolving acct.'s utilization.
FICO scores both your overall revolving utilization as well as individual account utilization. Also the number of revolving accounts with balances is scored.
Pretty sure that all revolving accounts are the same from a FICO utilization perspective.
08-01-2012 07:57 PM
08-03-2012 05:48 PM
I find it interesting that since both TU and EQ have the exact same info, and the different UT from month to month and it didn't affect my scores with EQ. My TU scores went up 55 pts. That is what doesn't make sense.
Different models used.