Scoring Changes With New Card & 0 % Util.

[9CLINE]

After getting to where I was debt free I began to experiment to find out how different util. and obtaining new credit affected me ..

This is the first month I let 0% Util. report, I also got the Macys Amex and store card on Sat 14th 

My results so far :

EQ- 755 -> 739(bal. on 1 of accounts dec. by 100%)16pt total decrease

TU-765 -> 754 on the 15th(total bal.on all bankcard accounts,sum of all bankcard bal is 0)  then -> 747 on 17th(all retail trades,sum of all retail bal.is 0)18pt. total decrease.. isn't this double hitting? lol

EX-762->760( new inquiry added to report,MACYS/DSNB),16th ->745( new retail account added,Macys account) 17pt total for new acc.& inq.

Not sure if EQ&EX will do like TU and hit for all bankcards and all retail if so they haven't come in yet, if they do according to TU  I imagine it will be 7pt +  decrease.

So, my lesson learned is to never again let 0% across the board report,,for me I saw my highest scores at 1-2%,,I'll be curious to see how I bounce back after letting 1 acc. report this mth.

Just wanted to share my experience hopefully it can help someone....

[joshall]

That is worrying!

I resubsribed to 3B scores two nights ago and I am happy to see my scores being 787-780-765, with:

1 card at 0%

5 cards at <10%

1 card at <30%

I have indeed paid those 5 cards to 0% last week.  Credit card statement should be out this weekend. 

When do you think my FICO scores will get an update?  Is it as soon as a new balance is reported by the credit card to the bureu?

I will report back!

[masscredit]

I usually let one card report each month. 1-2% total utilization. I accidentally paid off that card a few months ago. i lost 13 points. Gained all of them back after a card reported a balance. 

[daudi81]

Yea, I learned that the hard way as well. 

I paid down all my cards from 50% or more utilization, to ALL of them $0 balance and my score DROPS 25 points. I was completely flabbergasted. 

Once I researched, I let one of the cards update to a 1-10% util every month and my score increased.

[9CLINE]

Thanks for the replies... yep now I'm waiting for new updates to hit and see any gains  and how quickly they may occur....