Credit Card Center Advertiser Disclosure

Reply
New Visitor
Posts: 1
Registered: ‎12-06-2016
0 Kudos

Massive jump in FICO score?

First time poster, short-time lurker.

 

I started watching my FICO score this past January when I began getting it for free through some credit cards. It dipped to 717 when I opened an auto loan in January, then I consolidated high-rate credit cards into a 401k loan (least bad option) which caused my FICO score to rise to 781-ish, where it floated all year long, until last month. In October I balance transferred a 0% APR that was expiring from one card to another, and my FICO jumped in the last few weeks to 815 - but my utilization didn't change at all.

 

What would cause that FICO jump?

Highlighted
Frequent Contributor
Posts: 439
Registered: ‎10-15-2015

Re: Massive jump in FICO score?

I'm assuming by "utilization didn't change" you're referring to overall utilization.  Did you BT the amount from a lower-limit card to a higher-limit card?  If so, you would have dropped the utilization of the "from" card to zero and raised the "to" card to a lower utilization than the "from" card before the BT, which could result in a bump.


Rebuilding since 9/29/2015: EQ 599 TU 582 EX 569 $5K avail credit
current (07/2017) EQ 709 TU 706 EX 675 ~$75K avail credit

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.