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Score on a roller coaster with balances dropping-confusing

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Reighn9
Frequent Contributor

Score on a roller coaster with balances dropping-confusing

I've been making large payments to bring all my balances down over the last 4 months. So far I've come from $58,900 end of December to $33270 yesterday April 19, not including car loan. I've gotten used to EQ ignoring the decreases and dropping my score when an annual fee hits on an unused card, but on the 8th of this month TU gave me a 5 point increase and on the 19th a 5 point decrease after a $1223 balance drop. Reasons for score were exactly the same as listed with the increase.  Both EQ and TU have been bouncing around like this, EX hasn't been doing much, score-wise, up or down.  The only thing I'm battling is the high balances and multiple cards, everything else is pretty good.

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NRB525
Super Contributor

Re: Score on a roller coaster with balances dropping-confusing

Good job on the balances pay down. That's a good fast clip.

 

What are your utilization percentages, starting and now?

 

I've gone from roughly $46k in October to $32k now, including two closed accounts, 33% utilization to about 22% utilization on only open CL. My scores took a hit due to apping since October, now starting to definitely climb.

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765
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