Hello, i've always been reading the forums on here but never posted.
But i got approved in march for an amex charge card. I used to have a 727 score on transunion. And today i checked my score and dropped 47 points after my amex reported. Its counting toward utlization.
For example, i have two credit cards, one with a $700 limit and another with a $1,300. A combined $2000 limit. Currently i have a $506 balance. A 25% utilization. But my credit says im using 44% of my credit. Because my ame reported a $663 balance. So it says my tot credit limit is $2,663 not $2000 and my balance is $1,169 in credit cards with a $2663 limt. So 44% utl. But i thought amex wasnt supposed to count towards utilization, so whydoes it say im using 44% of my credit instead of 25%..
Is that why my credit score dropped 47 points?also my AAoA is 1yr 1 month..dest acct opened 3 yrs ago and i have 2 inquiries on my acct and no late payments.
My last accout before amex was opened in dec 2012..and in march i got my amex..before amex my credit scores were 693 equifax, 727 tu, 715 exp..and after having amex for 2 months its 673 equifax, 680 TU, 677 exp.
Maybe its the AAoA that dropped all my scores..or could it be the fact that with amex its reporting a 44% UTL instead of my actual 25%???
But i got approved in march for an amex charge card. I used to have a 727 score on transunion. And today i checked my score and dropped 47 points after my amex reported. Its counting toward utlization.
For example, i have two credit cards, one with a $700 limit and another with a $1,300. A combined $2000 limit. Currently i have a $506 balance. A 25% utilization. But my credit says im using 44% of my credit. Because my ame reported a $663 balance. So it says my tot credit limit is $2,663 not $2000 and my balance is $1,169 in credit cards with a $2663 limt. So 44% utl. But i thought amex wasnt supposed to count towards utilization, so whydoes it say im using 44% of my credit instead of 25%..
Is that why my credit score dropped 47 points?also my AAoA is 1yr 1 month..dest acct opened 3 yrs ago and i have 2 inquiries on my acct and no late payments.
My last accout before amex was opened in dec 2012..and in march i got my amex..before amex my credit scores were 693 equifax, 727 tu, 715 exp..and after having amex for 2 months its 673 equifax, 680 TU, 677 exp.
Maybe its the AAoA that dropped all my scores..or could it be the fact that with amex its reporting a 44% UTL instead of my actual 25%???
Sorry for the typos..on iphone..but my oldest account was opene 3 years ago, newest account is my amex from march, and before that my macys card opened dec 2012..maybe i shouldnt have applied for the anex after a short period of opening macys...
I got my score from equifax.com which let me see all 3 scores. But a while back in March I checked my Transunion score here on MyFICO..which was a t 727..my AAoA before amex was 1yr in march..now its at 1yr 1 month..i got mu amex card at the end of march. After i checked my score on myfico. Now equiifax says my transunion score is 680.
What i dont understand on equifax is why does it say im using 44% of my credit instead of the actual 25% im using on my credit cards.. Is the transunion scoring on equifax different from myfico's transunion scoring?
Oh..i thought they were all FICOs.. Thats a relief..from now on i'll make sure to only get my score from myfico 
my TU from myfico is set to refresh on June 9.. So i'll see how its like..thanks a lot
my TU from myfico is set to refresh on June 9.. So i'll see how its like..thanks a lot
@b0ricua wrote:
Oh..i thought they were all FICOs.. Thats a relief..from now on i'll make sure to only get my score from myfico
You're limited on the places to get your FICO score.
You can only buy your EQ FICO from myFICO, your lender, or from Equifax.com (buyer beware: the scores they push are a FAKO, but your EQ FICO can be purchased through EQ).
You can only buy your TU FICO from myFICO or your lender.
Finally, you can only buy your EX FICO from your lender. As of a few years ago, Experian blocked consumer access to your own EX FICO.
Aside from the above, you can also get your FICO scores for free or at a reduced price. Banks and CUs will offer it as a benefit. M&T Bank, Unitus Community Credit Union, and Digital Credit Union each offer an EQ FICO. You can get your TU FICO from Wal-Mart or Merrick Bank if you have CCs with them. And you can get your EX FICO from PA State Employees Credit Union (PSECU) if you have a checking account with them. There are other CUs out there that will offer a FICO if you ask them as part of a benefit for being a member.
Coming soon, your EX FICO will be available on here once again.
