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TU up 10 points, EX down 10

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Bmac66
Frequent Contributor

TU up 10 points, EX down 10

All because a new credit card reported with a small balance (less than 10% of util). I seriously shake my head and do not understand why each CB acts so differently to the same information!

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Thomas_Thumb
Senior Contributor

Re: TU up 10 points, EX down 10


@Bmac66 wrote:

All because a new credit card reported with a small balance (less than 10% of util). I seriously shake my head and do not understand why each CB acts so differently to the same information!


Typically a new credit card means a hard inquiry on one and only one of your CRA reports. So that often causes scores derived from that CRA to drop. The impact of the inquiry can override any positive that may otherwise have improved score due to a reduction in aggregate utilization.

 

Scores based on a different CRA, which did not register the inquiry may rise if your aggregate utilization dropped to to the additional credit line or a reduction in % of cards reporting a balance.

 

Just a guess.

Fico 9: .......EQ 850 TU 850 EX 850
Fico 8: .......EQ 850 TU 850 EX 850
Fico 4 .....:. EQ 809 TU 823 EX 830 EX Fico 98: 842
Fico 8 BC:. EQ 892 TU 900 EX 900
Fico 8 AU:. EQ 887 TU 897 EX 899
Fico 4 BC:. EQ 826 TU 858, EX Fico 98 BC: 870
Fico 4 AU:. EQ 831 TU 872, EX Fico 98 AU: 861
VS 3.0:...... EQ 835 TU 835 EX 835
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950
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