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Think I'll see a drop?

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Anonymous
Not applicable

Think I'll see a drop?

I have 4 cards myself, all show $0 balance except my qs1 which I accidentally let report $120 of $300.  I'm an au on two cards too, $4300 and 11k.  They both have small balances.  Total uti this month is 8%.  Was 1% last month with all cards at $0 exceptv $75 on $4300 au.  The 11k wasnt reporting yet.

 

Didnt plan on letting my qs1 report anything but I forgot.  No credit cards for a decade to 6 in 2 months will do that!  So the one $4300 doesnt report until Friday, so if it matters having it report $0 I will tell my dad to pay it but if it doesnt really matter I'd rather not bother him about it.  It has a $20 balance right now.  Will definitely be under $100 if not $20.  I assume a small balance on 3 cards wont make a difference vs 2 cards reporting balances.  Plus two are au accounts.

Message 1 of 4
3 REPLIES 3
Anonymous
Not applicable

Re: Think I'll see a drop?

There may be a small drop, and if so, it can easily be gained back by getting the utilization back to where it was before the drop, if one occurs at all.

Message 2 of 4
Thomas_Thumb
Senior Contributor

Re: Think I'll see a drop?


@Anonymous wrote:

I have 4 cards myself, all show $0 balance except my qs1 which I accidentally let report $120 of $300.  I'm an au on two cards too, $4300 and 11k.  They both have small balances.  Total uti this month is 8%.  Was 1% last month with all cards at $0 exceptv $75 on $4300 au.  The 11k wasnt reporting yet.

 

Didnt plan on letting my qs1 report anything but I forgot.  No credit cards for a decade to 6 in 2 months will do that!  So the one $4300 doesnt report until Friday, so if it matters having it report $0 I will tell my dad to pay it but if it doesnt really matter I'd rather not bother him about it.  It has a $20 balance right now.  Will definitely be under $100 if not $20.  I assume a small balance on 3 cards wont make a difference vs 2 cards reporting balances.  Plus two are au accounts.


I suspect you will see a small drop in score - 5 to 10 points. The biggest factor is # cards reporting a balance (3 of 6 now, 1 of 6 before?). You might see a reason statement like: "Too many open accounts showing a balance".

 

Also, there may be an aggregate utilization threshold crossing from 1% to 8% (at 5% or 6% possibly). I always stay below 6% but allow aggregate UT to float between 1% and 4%.

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
Message 3 of 4
Anonymous
Not applicable

Re: Think I'll see a drop?


@Thomas_Thumb wrote:

@Anonymous wrote:

I have 4 cards myself, all show $0 balance except my qs1 which I accidentally let report $120 of $300.  I'm an au on two cards too, $4300 and 11k.  They both have small balances.  Total uti this month is 8%.  Was 1% last month with all cards at $0 exceptv $75 on $4300 au.  The 11k wasnt reporting yet.

 

Didnt plan on letting my qs1 report anything but I forgot.  No credit cards for a decade to 6 in 2 months will do that!  So the one $4300 doesnt report until Friday, so if it matters having it report $0 I will tell my dad to pay it but if it doesnt really matter I'd rather not bother him about it.  It has a $20 balance right now.  Will definitely be under $100 if not $20.  I assume a small balance on 3 cards wont make a difference vs 2 cards reporting balances.  Plus two are au accounts.


I suspect you will see a small drop in score - 5 to 10 points. The biggest factor is # cards reporting a balance (3 of 6 now, 1 of 6 before?). You might see a reason statement like: "Too many open accounts showing a balance".

 

Also, there may be an aggregate utilization threshold crossing from 1% to 8% (at 5% or 6% possibly). I always stay below 6% but allow aggregate UT to float between 1% and 4%.


Yea 3 of 6 now instead of 1 of 6.  2 au accounts of the 3 and the 1 account showing a balance last month was an au account.  I am needing to buy a car soon, next month now also waiting on eq to delete 2 collections.

Message 4 of 4
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