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Frequent Contributor
sharriel
Posts: 386
Registered: ‎05-16-2013
0

UTIL went from 101% to 7% and only a 3 pt increase!

I just refreshed my score and my Authorized User status on a 13K Discover with 0 balance just reported bringing my UTIL down to 7% but I only got a 2 point increase.

 

What gives?

5/16/13 Starting FICOEQ: 521 FICOTU: 536 FICOEX: 571
5/13/14 Current FICOEQ: 668 FICOTU: 690 FICOEX: 673

Credit Union Visa - $2000 ShopNBC -$1000 Barclay's - $1500 Capital One Unsecured - $2500 Sportsman Guide - $2000 Ann Taylor - $550 Buckle - $550 HSN - $450 Express - $550 Victoria's Secret - $250 Macy's - $200 Target - $200 Discover IT - $1500 BOA Rewards - $2000 Walmart - $1100 Kohl's - $1000 Discover AU - $13,500

Community Leader
Valued Contributor
DaveSignal
Posts: 2,096
Registered: ‎07-29-2011
0

Re: UTIL went from 101% to 7% and only a 3 pt increase!

So your card was maxed out?  and you paid it down to below 10%?  Do you have other cards that are maxed out?  Which report did you pull to verify balances.  Also, is this the EQ score from this site?  Not everyone is in the same scoring bucket (ie:  the FICO factors are weighed differently depending on what is on your report).

EX:694 TU:744 EQ:709
Amex ED $19.5k - BoA Travel Rewards $15k - CSP $5k - SDFCU EMV $15k - NFCU goRewards $20k - Barclays Arrival $6.5k
Frequent Contributor
sharriel
Posts: 386
Registered: ‎05-16-2013
0

Re: UTIL went from 101% to 7% and only a 3 pt increase!

[ Edited ]

No, I was added as an AU adding 13K to my UTIL.  I was at 101% UTIL but after adding the high CL, it dropped to 7%.

 

I got it directly from EQ (which I refresh everyday)

5/16/13 Starting FICOEQ: 521 FICOTU: 536 FICOEX: 571
5/13/14 Current FICOEQ: 668 FICOTU: 690 FICOEX: 673

Credit Union Visa - $2000 ShopNBC -$1000 Barclay's - $1500 Capital One Unsecured - $2500 Sportsman Guide - $2000 Ann Taylor - $550 Buckle - $550 HSN - $450 Express - $550 Victoria's Secret - $250 Macy's - $200 Target - $200 Discover IT - $1500 BOA Rewards - $2000 Walmart - $1100 Kohl's - $1000 Discover AU - $13,500

Community Leader
Senior Contributor
StartingOver10
Posts: 4,060
Registered: ‎03-06-2010
0

Re: UTIL went from 101% to 7% and only a 3 pt increase!

What else is on the report?

Senior Contributor
DaBears
Posts: 3,930
Registered: ‎10-26-2012
0

Re: UTIL went from 101% to 7% and only a 3 pt increase!

How old was that account you got added to and what was your AAoA before being added?

Valued Contributor
Gunnar419
Posts: 1,158
Registered: ‎01-23-2013
0

Re: UTIL went from 101% to 7% and only a 3 pt increase!

It also sounds as if you still have a badly maxed-out card, which is going to continue counting against you until you get its balance way down. Remember that scores consider both overall util and util of individual cards.

 

Community Leader
Valued Contributor
DaveSignal
Posts: 2,096
Registered: ‎07-29-2011
0

Re: UTIL went from 101% to 7% and only a 3 pt increase!


Gunnar419 wrote:

It also sounds as if you still have a badly maxed-out card, which is going to continue counting against you until you get its balance way down. Remember that scores consider both overall util and util of individual cards.

 


+1

EX:694 TU:744 EQ:709
Amex ED $19.5k - BoA Travel Rewards $15k - CSP $5k - SDFCU EMV $15k - NFCU goRewards $20k - Barclays Arrival $6.5k
Frequent Contributor
shols44
Posts: 397
Registered: ‎11-03-2012
0

Re: UTIL went from 101% to 7% and only a 3 pt increase!


sharriel wrote:

No, I was added as an AU adding 13K to my UTIL.  I was at 101% UTIL but after adding the high CL, it dropped to 7%.

 

I got it directly from EQ (which I refresh everyday)


Sounds like this a FAKO score. While your real FICO might have gotten a bump (assuming you have no supressing baddies), your individual util is still 101%. Are you over the limit? 

 

 


Starting Score: 501
Current Score: 706 EQ,TU 689,EX 686
Goal Score: 720

Moderator
pizzadude
Posts: 9,638
Registered: ‎01-28-2010
0

Re: UTIL went from 101% to 7% and only a 3 pt increase!


shols44 wrote:

sharriel wrote:

No, I was added as an AU adding 13K to my UTIL.  I was at 101% UTIL but after adding the high CL, it dropped to 7%.

 

I got it directly from EQ (which I refresh everyday)


Sounds like this a FAKO score. While your real FICO might have gotten a bump (assuming you have no supressing baddies), your individual util is still 101%. Are you over the limit? 

 

 


+1.   If this is the Equifax Credit Score then ignore it.    FAKOs often behave in an opposite way from FICO scores.

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Moderator
pizzadude
Posts: 9,638
Registered: ‎01-28-2010
0

Re: UTIL went from 101% to 7% and only a 3 pt increase!

 

Moving to Understanding FICO scoring.

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX

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