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Super Contributor
MidnightVoice
Posts: 8,158
Registered: ‎03-25-2007
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FICO dropped - interesting figures on util and Scorewatch reporting dates

[ Edited ]
OK, so I got a new CC to reduce my utilization percentage.  Interesting effects on my EQ score
 
self - util from 30% to 5%, score up 17.  DW - util from 20% to 3%, score up 7
 
Then I ran up a big bill and deliberately did not pay any before the statement (it is now already PIFfed).  This hit my CRs on Monday June 25th.  Today Scorewatch noticed.
 
 
self - util from 5% to 25%, score down 19.  DW - util from 3% to 20%, score down 5.
 
My score was mid 700s, hers 30 points lower.
 
 
Now we shall see what happens in 30 days when util will be 1%!!!!!!!!!!!
 
 
But it is an interesting and accurate demonstration.  And ny the way - EQ FAKO dropped 21 points the day the balance was posted
 
 


Message Edited by MidnightVoice on 06-29-2007 11:46 AM
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
Moderator Emeritus
fused
Posts: 16,374
Registered: ‎03-12-2007
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Re: FICO dropped - interesting figures on util and Scorewatch reporting dates

Midnight, your observation is consistent with what the people in the know have been saying.  I bet once the util% is 1, you and DW's scores shoot back up.
Credit Profile -
FICO 08 Scores (09-16-2014): EQ 824, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1 (Amex 07-15-2014)

Super Contributor
MidnightVoice
Posts: 8,158
Registered: ‎03-25-2007
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Re: FICO dropped - interesting figures on util and Scorewatch reporting dates



fused111 wrote:
Midnight, your observation is consistent with what the people in the know have been saying.  I bet once the util% is 1, you and DW's scores shoot back up.


I am sure they will jump in 25-35 days, depending when SW decides to check  :smileyvery-happy:  I did this deliberatley to get a high maximum credit used figure on the CC in case it did not report CL (it does) and because I wanted a bill before I tested out the waters with electronic bill pay (the address is useful  :smileyhappy:)
 
I was posting them as an actual example with real numbers.  I think one of the advantages of this forum over listening to Suse or Dave is that we are real people reporting real numbers (although I do sometime wonder about some people, but that is another story...), and people can ask us questions
 
And if I can find this thread when the new balance is posted, I will let everyone know what the redction to almost 0 utiliization does.  :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
Moderator Emeritus
fused
Posts: 16,374
Registered: ‎03-12-2007
0

Re: FICO dropped - interesting figures on util and Scorewatch reporting dates

Which CC did you get?
Credit Profile -
FICO 08 Scores (09-16-2014): EQ 824, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1 (Amex 07-15-2014)

Super Contributor
MidnightVoice
Posts: 8,158
Registered: ‎03-25-2007
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Re: FICO dropped - interesting figures on util and Scorewatch reporting dates

Caseys/Juniper/Barclays MC with rebates on gas
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
Senior Contributor
smallfry
Posts: 4,831
Registered: ‎04-20-2007
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Re: FICO dropped - interesting figures on util and Scorewatch reporting dates



MidnightVoice wrote:
Caseys/Juniper/Barclays MC with rebates on gas



Check your soft pulls for Juniper/Barclays. They've looked at me twice since I had their card. I used the card for two cycles now and PIF before the cycle date. They have been doing a lot of AA on people who have opened new lines. Jealous they are.
Senior Contributor
smallfry
Posts: 4,831
Registered: ‎04-20-2007
0

Re: FICO dropped - interesting figures on util and Scorewatch reporting dates

I don't think you'll see much score difference between 1% and 9%. Done that yet?
Super Contributor
MidnightVoice
Posts: 8,158
Registered: ‎03-25-2007
0

Re: FICO dropped - interesting figures on util and Scorewatch reporting dates



smallfry wrote:

Check your soft pulls for Juniper/Barclays. They've looked at me twice since I had their card. I used the card for two cycles now and PIF before the cycle date. They have been doing a lot of AA on people who have opened new lines. Jealous they are.

This is my first cycle, and they can pull as many soft pulls as they like!  I am going to be keeping util right down there in the ideal range and PIFfing every month  :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

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