I agree, why is your score under 700 with that long of a history and that range of accounts?
What is your list of all CC? Limits? Reporting balances? Age of each account?
@Anonymous wrote:
As I mentioned before -- the one thing that had been hurting me was revolving utilization. For the past 7 months, my utilization has consistently been dropping, from ~ 75% utilization to about 40% currently. That's based on total revolving CLs of appx $75K. Even when it was at 75%, it had never been below 700 on the FICO 8 on all three CRAs
Ah, ok. Been there, done that 
How about individual cards? Any that are over 30% utilization on the individual card? What is that util number on each of those high utilization cards?
@NRB525 wrote:Ah, ok. Been there, done that
How about individual cards? Any that are over 30% utilization on the individual card? What is that util number on each of those high utilization cards?
Here is the current breakdown on revolving: (Bal / Limit / Utilization)
462 / 1500 31%
2650 / 8300 32%
5355 / 11400 47%
2950 / 6740 44%
3732 / 10000 37%
8650 / 22500 38%
(All are reported tradelines)
When I started -- the $5355 / 11400 account was just about maxed out, as was the $2950 / 6740 account.. As a reference, Equifax was at 702, Experian was at 701, and TU was 711 when I started paying down.. They have all been consistently going up -- but Equifax is now 684, Experian 714, and TU 728.
Well, I suspect EX and TU will soon tell you what their change is due to the lease dropping off.
As those cards have recently gotten below 50% utilization, and continue to show that they are consistently going to lower utilization, you should expect some further increases.
As with most files, there's a lot going on. Eventually the new car financing will start to help, but for now you are still in transition with all those changes.
@Anonymous wrote:Also, as a reference -- here is my overview:
CREDIT HISTORY 18 Years 18 Years 18 Years
TOTAL ACCOUNTS 23 32 27
CURRENT ACCOUNTS 23 32 27
PAST DUE ACCOUNTS 0 0 0
REVOLVING ACCOUNTS 15 20 18
INSTALLMENT ACCOUNTS 8 12 7
MORTGAGE ACCOUNTS 0 0 0
OTHER ACCOUNTS 0 0 0
COLLECTIONS 0 0 0
PUBLIC RECORDS 0 0 0
NEGATIVE INDICATORS 0 0 0
AUTHORIZED USER ACCOUNTS 0 0 0
I've had numerous installment loans over the years open and close with 100% satisfactory payments -- I've never seen my score drop below 700 before..
More importantly -- I've never seen my score GO UP 20 points (or any amount of points for that matter), through the end of an auto loan. This was a 36 mo lease, it was bought out and paid in full 12 months early after the 24th payment. Not sure if that makes a difference.
FICO 8 handles this differently than FICO 04 did so if you were looking at some other tracking, all bets are off.
Installment utilization appears to be a real thing under both the FICO 8 and '98 models, and in your case (and mine earlier) paying off loans and attaching a new one (presumably at or near original balance) you will indeed get whacked and 20 points is absolutely reasonable under a FICO 8 model for it. Don't know if there's buffering based on having other installment loans on the report, I'll find that out in a month or two after I close on a mortgage but before it reports by paying one of my itty bitty pretty loans off.
Similarly we've had reports of people getting below 80% (I went to 82% to 60% and got a small boost) but then I got a massive boost when I got my loans under 10% just yesterday: gained 29 points on EQ FICO 8 and that's with a newly scorable inquiry on my report too. The 80 and 10% are just swags at this point rather than known breakpoints, but it's illustrative for the example. Going through the mortgage process my files are uber locked down and as such got a clean data point, actually installment utilization is the only major change on my reports for the past year, dropped 20ish points in October when my auto loan paid (and then 5 more with my other old loan closing), and then gained them back just yesterday with the new report.
