One could easily gain 60 or more points just by lowering util. No apps or CLI requests either.
Yep, depending on how high utilization is on even one card + all your cards, you can easily lose 60 points overall. The new account penalty early on (0-3 months) plus the cost of a few inquiries and a punch to AAoA can bring you down another 40 points overall.
I've seen a few folks go from 650 to 750 in a year with NO derogatory accounts reported ever. Just because they had 2-3 cards with insanely high utilization, plus a few new accounts, and a bunch of inquiries. Gardening for a year can have a massive effect if combined with AZEO utilization management.
I have not applied for credit in 2017 and boy does it show in my scores. I finally made my goal on EX of 770+ with a 2.5 yr AAoA.
I was a member of this exclusive club for many years; but then deadbeat renters, real estate lawyers’ fees, and Hurricane Irma bumped me off. While I always maintained my payment history status perfect (never late or other derogs.) I did kill myself (out of necessity) with my DTU.
THE SYSTEM WORKS! My CS dropped like a rock off a skyscraper when I used my CCs and personal loans (DTU); but rebounded as soon as I lowered my CC DTU again once all was solved. My scores jumped in one report 55, 67, and 84 points with the 3 CRAs. They should jump another 40 to 50 points as soon as my payoffs for personal and auto loans are reported cleared/reduced (installment loans). No, I did not hit myself by reducing my credit mix, but I will have to wait another month to get rid of those pesky inquiries and raise the score even more above the next anticipated increase. Nevertheless, I’m back in the 760 club (albeit with only one CRA today). Check with me in a week and everything should be above 760 and probably EX and TU above 800.
The "account under dispute' mentioned in the TU Alerts section above pertains to my argument that I was never over my limit (also stated as “A decrease in bankcard accounts over limit…”). I won this case with TU (the only one stating so) and thus it shows a score increase accordingly. Now if I prevail with the “account close, paid in full as agreed, balance is zero” and “incorrect balance reported” cases; I should get the next bump that I mentioned. The rest is gardening until 800+ across the board by January 2018.