Understanding FICO® Scoring

[Dishpro]

Well today I ran both my FICO scores for EQ & TU. The EQ Didnt budge. It's been stuck at 665 for over 2 months. My TU however went from 669 in June to 724 today. I was thrilled until I couldn't find much of a reason for the increase. I started pouring over everything and found out that the 2 cc's I have were at 24% UT on the June report and it was 2% on yesterday's report. Whoever my overall UT was up to 35% from the June report was 30%. The one item I am disputing (a 30day) that was reporting in error, seems to be still being disputed. The only difference I can see is the lower credit card UT. But no explanation for the EQ score is still where it was. Sorry for the iPad.

[jamie123]

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.

[Dishpro]

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.

[pizzadude]

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Dishpro wrote:
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.

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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.

[Dishpro]

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.

[llecs]

What were the CCs that changed?

[Repo-ed]

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Dishpro wrote:
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.

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Different models used.