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Re: Has this ever happened to someone...fico drop from dormant account being used?

 


AndySoCal wrote:

It is being reported in you balances because it is being reported  as a revolving account. Is the high balance or credit limit being reported for the Macy account?  What is credit utilization on for all credit card accounts ? IE  total revolving balances / total credit limits  Are you getting FICO score reason about the number accounts with balances or any similair message?  I ask these questions for a reason. It may not be the macy account per say it may be a combination of factors.


 

no high balance/CL as macy's stopped doing that.

 

my total Util at that time was 51% with the macy's balance included. My report also confirms this amount

 


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Re: Has this ever happened to someone...fico drop from dormant account being used?

I take it you're quite the Martha Stewart fan! lol

 

May I ask how you knew your util was 51%?

 

Aside from your report confirming it. :smileywink:

 

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Re: Has this ever happened to someone...fico drop from dormant account being used?


Alexandria wrote:

 

no high balance/CL as macy's stopped doing that.

 

my total Util at that time was 51% with the macy's balance included. My report also confirms this amount

 

 


What is your Macy's balance?

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Re: Has this ever happened to someone...fico drop from dormant account being used?

[ Edited ]

lmao why martha stewart? i knew it was 51% b/c i did the math which included the macy's balance but not the CL.

 

right now the balance is $0 but it was $161 at the time of 51%

 


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Re: Has this ever happened to someone...fico drop from dormant account being used?

 


Alexandria wrote:

lmao why martha stewart? i knew it was 51% b/c i did the math which included the macy's balance but not the CL.

 

right now the balance is $0 but it was $113 at the time of 51%

 


Sorry, nothing to do with you really. I have just been way too giddy ever since earlier today when I happened to stumble into this other thread about a Macy's card.

 

And I think in the process I misunderstood your reference to "this amount", which was likely your Macy's card balance rather than your util.

 

Anyway, it just seems improbable to me that your balance was included in your util when your credit limit was not.

 

Do you have the math from back then handy? If so, could you line up all the balances and credit limits?

 

This was once hard for me to figure out. I couldn't match my util with my balances and credit limits. And then it finally hit me. Only the balance and the credit limit from one of my cards were used, because both the balances and the credit limits from my other two cards were not used in calculating the util.

 

So now you know why I might think that your Macy's balance wasn't used in your util. Because mine weren't. Of course there might situations when that's not the case. I just don't know about them.

 

Interesting with your $113 by the way. Isn't that the exact amount that was on OP's card?

 

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Re: Has this ever happened to someone...fico drop from dormant account being used?

 


my-own-fico wrote:

 


Alexandria wrote:

lmao why martha stewart? i knew it was 51% b/c i did the math which included the macy's balance but not the CL.

 

right now the balance is $0 but it was $113 at the time of 51%

 


Sorry, nothing to do with you really. I have just been way too giddy ever since earlier today when I happened to stumble into this other thread about a Macy's card.

 

And I think in the process I misunderstood your reference to "this amount", which was likely your Macy's card balance rather than your util.

 

Anyway, it just seems improbable to me that your balance was included in your util when your credit limit was not.

 

Do you have the math from back then handy? If so, could you line up all the balances and credit limits?

 

This was once hard for me to figure out. I couldn't match my util with my balances and credit limits. And then it finally hit me. Only the balance and the credit limit from one of my cards were used, because both the balances and the credit limits from my other two cards were not used in calculating the util.

 

So now you know why I might think that your Macy's balance wasn't used in your util. Because mine weren't. Of course there might situations when that's not the case. I just don't know about them.

 

Interesting with your $113 by the way. Isn't that the exact amount that was on OP's card?

 


good catch on the $113. yeah that was just me reading over the thread a couple times and saying his balance and not mine which was actually $161. There goes all my credibility :smileytongue:

 


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Re: Has this ever happened to someone...fico drop from dormant account being used?

Re: Macy's and Martha Stewart :MS is all over their housewares and bedding departments.

 

In fact, it can be a bit of a struggle finding everyday kitchen stuff without her on it. But I have to admit, I do like my set of three nylon chopping boards.

 

Anyway, back to the thread topic!

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Re: Has this ever happened to someone...fico drop from dormant account being used?

 


haulingthescoreup wrote:

Re: Macy's and Martha Stewart :MS is all over their housewares and bedding departments.

 

In fact, it can be a bit of a struggle finding everyday kitchen stuff without her on it. But I have to admit, I do like my set of three nylon chopping boards.

 

Anyway, back to the thread topic!


 

And would you believe it. She just popped up on my TV set. A full hour of the always enticing Martha Stewart. I'm so thrilled. :smileyvery-happy:

 

Returning to the thread topic, you wrote that "FWIW, TU usually rewards all accounts with $0 at your score level."

 

That is unfortunately not my experience. EQ dinged me 0 points, while TU dinged me 22 points. (My TU score at the time happened to be exactly 22 points higher than my EQ score, so equal now.)

 

DW will soon be at the baseline too. I look forward whether her EQ/TU will follow your experience or mine.

 

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Re: Has this ever happened to someone...fico drop from dormant account being used?

:smileysurprised:

 

Must be a bucket thing? I have a long history (21+ years.) Maybe that affects how they react.

 

Bizarre, isn't it?

 

Anyway, there's a general heads-up to everyone: there is often a penalty, sometimes sizable, for all revolving accounts with $0 balances!

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
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Re: Has this ever happened to someone...fico drop from dormant account being used?

Maybe I did get rebucketed? the Macys account did also age to 2 years this month.

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