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Regular Contributor
bobebob
Posts: 244
Registered: ‎08-14-2011

New FICO SW Model - odd behavior.

I got my initial score from the new model about a week ago.  I got an initial bump of 7pts.

 

I got a notification of a SW change and it went down 11pts.  

 

Whats wierd is the only thing that changed was two revolving lines going DOWN.  One went to 0.  The other went down slightly to $450. Usage <1%.

 

Under the old scoring method, my score should have gone up.  Could it be that the new scoring model "wants" to see more than one revolver report a balance to show use?

 

I didn't pull a full report.  I could have had an old account fall off that lowered my AAOA or something, but I don't think so.

 

Anyone else seen anything similar?

bobebob || June: My FICO SW EQ(Upgraded Version) = 821 ||June: Walmart TU Fico=834Goal = FICO's>800 || In my wallet: CostcoAmEx(20k), DCU Visa Platinum (10k), BoA Visa Signature (17.1k), Walmart Discover (7.5k), AmEx Corporate (5k). All PIF every month.
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Valued Contributor
user5387
Posts: 1,794
Registered: ‎07-01-2010

Re: New FICO SW Model - odd behavior.

There have been repeated reports on this forum that the optimum utilization varies with the individual, and thus lower is not always better, at least when you're bouncing around with low figures like 3%.

 

Established Contributor
GFer
Posts: 978
Registered: ‎04-01-2008

Re: New FICO SW Model - odd behavior.


user5387 wrote:

There have been repeated reports on this forum that the optimum utilization varies with the individual, and thus lower is not always better, at least when you're bouncing around with low figures like 3%.

 


Exactly. Everyone's score 'sweet spot' is different. For instance, if my utilization reports @ less than 3% I take a 10-14 point hit. If I keep my utilization between 3.5-4.5 %, my score is best.



1/28/14 EQ 817, (6/30/14)EX 821, TU 817 on 6/13/2014

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Frequent Contributor
EW800
Posts: 497
Registered: ‎06-01-2008

Re: New FICO SW Model - odd behavior.


GFer wrote:

Exactly. Everyone's score 'sweet spot' is different. For instance, if my utilization reports @ less than 3% I take a 10-14 point hit. If I keep my utilization between 3.5-4.5 %, my score is best.


This is very interesting.  Thanks for sharing.  I have been in the 3-4% range, however when my profiles update in the next couple of weeks with some recent payments, I am going to be in the 1.5% to 2% range.  It will be interesting to see if this failrly small drop in UTIL have have any impact on my socres.  I am hoping for a bit of boost.  :smileyhappy:

 

Oct 2012: All Scores in the 520 range, during a foreclosure, CC Settlement and high UTIL. Very ugly days...
July 2014: EXP08: 698; EQ08: 718; TU08: 709; EQ04: 687; VantageScore 3.0: 752
GOAL: EQ 04 Model to be 700

In My Wallet -- Discover $11.7K; Cap1 $8.4K; Amex $9.9K; Barclay $7K; Citibank $4.9K; US Bank $4K; Dell $5K; Care Credit $6.5K
My UTIL: Apprx 1%
Valued Contributor
my-own-fico
Posts: 1,141
Registered: ‎01-05-2010

Re: New FICO SW Model - odd behavior.


GFer wrote:

user5387 wrote:

There have been repeated reports on this forum that the optimum utilization varies with the individual, and thus lower is not always better, at least when you're bouncing around with low figures like 3%.

 


Exactly. Everyone's score 'sweet spot' is different. For instance, if my utilization reports @ less than 3% I take a 10-14 point hit. If I keep my utilization between 3.5-4.5 %, my score is best.


 

I can only assume we're still talking about EQ 08?

 

When it comes to wishful thinking vs reality, wishful thinking wins.

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