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Regular Contributor
pokerpro
Posts: 202
Registered: ‎08-14-2008

FICO increases with increased utilization over few months?!!

This is interesting

 

My FICO score TU-08 progressively increased few months with utilization going up

 

Sept 13 - 701

Oct 13 - 719

Nov 13 - 723

Dec 13 - 723

 

 

Mind you that nothing changed on the account for the credit report for those 4 months but utilization which went up slightly to about 50 percent in December

 

now in January - one more account reported a small balance ( only change)

 

and FICO went down to 707

 

I paid off the debit to 1% utilization middle of January , so it will be interesting to see how February scores

 

Odd!!!


Starting Score: 590
Current Score: 731
Goal Score: 800


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Community Leader
Valued Contributor
user5387
Posts: 1,794
Registered: ‎07-01-2010

Re: FICO increases with increased utilization over few months?!!

I don't know what happened here.

 

However, it's worth noting that your account is changing on a daily basis, even if nothing seems to appear different.

 

For example, on an average day, your AAoA goes up slightly in mathematical terms, along with the age of your oldest account, and sometimes these things can cause a change in score.

 

There is also the rebucketing angle, where some change puts you into a different bucket.

 

Regular Contributor
pokerpro
Posts: 202
Registered: ‎08-14-2008

Re: FICO increases with increased utilization over few months?!!

actually i did not think of that

 

but its possible

 

thanks for your input

 

 


Starting Score: 590
Current Score: 731
Goal Score: 800


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