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FICO increases with increased utilization over few months?!!

Frequent Contributor

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!!!

BK7 Discharge: October 2004 Starting Score: 590 August 2017 EQ & EX & TU FICO Score: 844 & 847 & 846

Goal Score: 800+ across the board | Goals Hit: 3 Active Cards: 2

Gardening Since: October 2015 Garden Goal: Oct 2018

Wish List: | None



2 REPLIES
Valued Contributor

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.

 

Frequent Contributor

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

actually i did not think of that

 

but its possible

 

thanks for your input

 

 

BK7 Discharge: October 2004 Starting Score: 590 August 2017 EQ & EX & TU FICO Score: 844 & 847 & 846

Goal Score: 800+ across the board | Goals Hit: 3 Active Cards: 2

Gardening Since: October 2015 Garden Goal: Oct 2018

Wish List: | None