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Established Contributor
Posts: 932
Registered: ‎08-17-2007
0

Re: Score impact of going from 89% util to <10%

[ Edited ]

 


llecs wrote:

 

However, to date, Lending Club still has yet to report and they didn't hit me up with an inquiry (but did a soft the day I applied). Time will tell. The first due date is at the end of August. I

 _____________________________________________________________________________________________

 

Edited to delete my Lending Club questions which sort of hijacked this post!  I read other forum posts about LC  and went on line for more info.  Sorry for the interruption!

FICOS: TU 720(05-15-15) EQ '08 736( 05-17-15) EX 712 (05-15-15)
Moderator Emeritus
Posts: 16,385
Registered: ‎03-12-2007
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Re: Score impact of going from 89% util to <10%

 


llecs wrote:

UPDATE...

 

I'm in the home stretch now with 3 TLs (well, really 2, because one is Macys with no CL listed) left to update. For the past many days I have updated the first post showing the changes to util in relation to changes to score. The three remaining cards are CapOne 822/1000 and that should update starting on Tuesday, 1460/1500 for Juniper and that should update starting the 4th. Finally Macys has a $600 balance and that should update on the 5th, but isn't factored into util. As of today, my util is less than 1% once everything reports with balances only on Amex and $25 on Discover.

 

As you can see, the scores went up by a fair amount. Despite TU dropping 75% to date, the increase was a lot less than I thought it would at 65 points. Now I'm not complaining any, but I thought the change would be more. Conversely, EQ went above and beyond. 111 points for 72% less in util is a lot more than I thought it would be.

 

I'll post a final update later this week.


Any update, Ilecs? I can't stand the suspense.Smiley Happy

 

Credit Profile - FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 27 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: TU 1


Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring World Mastercard ~ Chase Freedom Signature Visa ~ CITI Dividend World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

Re: Score impact of going from 89% util to <10%

Alas, this morning EQ updated, or rather CapOne updated on EQ. With a zero balance, EQ went to 774. It shows 9% util and still waiting on Junny. Once updated util goes to under 1%. I'll update the first post later as I am on vacation and using an iphone is a challenge. Btw for entertainment purposes, eq plus is at 698.
Moderator Emerita
Posts: 28,098
Registered: ‎04-01-2007
0

Re: Score impact of going from 89% util to <10%

"Alas"? Heck, any time EQ updates anything at all is an occasion for celebration! Smiley Very Happy

 

Grats on the lovely 774, and enjoy your vacation.

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Moderator Emeritus
Posts: 16,385
Registered: ‎03-12-2007
0

Re: Score impact of going from 89% util to <10%

Ilecs, 774, Yay!!!!!

Credit Profile - FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 27 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: TU 1


Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring World Mastercard ~ Chase Freedom Signature Visa ~ CITI Dividend World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
Moderator Emeritus
Posts: 4,470
Registered: ‎12-31-2008
0

Re: Score impact of going from 89% util to <10%

Way to go!  A great lesson in keeping amounts owed in installment rather than revolving territory.  I'm amazed at the score impact.

Just puttin' syrup on something, don't make it pancakes.
Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

Re: Score impact of going from 89% util to <10%

Finished EQ today! TU should update by tomorrow and I'll give a play-by-play analysis tomorrow evening, assuming Junny does update on TU by then.

Valued Member
Posts: 44
Registered: ‎07-31-2010
0

Re: Score impact of going from 89% util to <10%

Isn't this costing you a lot of money checking your scores so often? Although if my score was going up so fast I would be checking it too!  Congrats!


Starting Score: TU 630... EQ 630....EX FAKO 637
Current Score: TU 736... EQ 770....EX FACO 779
Goal Score: 760


Take the FICO Fitness Challenge
Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

Re: Score impact of going from 89% util to <10%


UtahTiger wrote:

Isn't this costing you a lot of money checking your scores so often? Although if my score was going up so fast I would be checking it too!  Congrats!


The key to charging these FICO reports is to take your CC bill and toss it. They way you'll never know the damage. Smiley Wink

 

Joking aside, I pay the same price as everyone else. I spend $10.95/EQ report (discount due to being a SW subscriber) and pay $11 and change for TU after using a discount code (google is a great source. So is Twitter (hint)).

 

Plus, this will never happen again. I pray my util will never hit 80%+ again. Plus, I'll know cause and relationship per points because I already have a baseline to draw from.

Valued Contributor
Posts: 1,900
Registered: ‎01-05-2010
0

Re: Score impact of going from 89% util to <10%

 


llecs wrote:

Finished EQ today! TU should update by tomorrow and I'll give a play-by-play analysis tomorrow evening, assuming Junny does update on TU by then.


 

Looking forward to it!

 

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