Under 30% credit util=higher scores: True!!!

[Trudy]

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@donkort wrote:

I know I'm belaboring the point LOL....but I just found out that I would have an 802 middle FICO based upon mortgage scores, and Fannie/Freddie Mae standards.  They are:  EX 810; EQ 802; TU 775.

My Equifax FICO 8 went up to 792. 

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Looky there.  Congrats!

[thornback]

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@donkort wrote:

I know I'm belaboring the point LOL....but I just found out that I would have an 802 middle FICO based upon mortgage scores, and Fannie/Freddie Mae standards.  They are:  EX 810; EQ 802; TU 775.

My Equifax FICO 8 went up to 792. 

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Fantastic.  Congratulations on your scores, but more importantly,  your debt paydown!! 

[donkort]

Update:

FICO 8:  EQ 792; EX 790; TU 790

Out of 28 FICO scores, 17 are in the 800's. 

[donkort]

Updated FICO 8 scores:

EQ:  800

EX:  797

TU:  790, but will probably go up to 797-798 when my $764 payment is recorded.

I would have a 805 middle score, based upon my mortgage scores,

[Anonymous]

Congratulations but you forgot to tell us what changed.

[donkort]

A $764 payment on my HSN card bought my utilization on that card down from 65% to 0.

I still have a Sears card at 28% utilization.

I believe that raised my score, more than lowering my overall utilization from 4 to 3%.

[Anonymous]

Yes that happened from lowering your individual revolving utilization across the 49% and 29% thresholds.

How much exactly each threshold is depends on the scorecard. If you’d like to share, you can tell us your scorecard/profile statistics, so we can keep track of the data points.

Congratulations on your gains and look forward to you reporting your gain on TransUnion.

[donkort]

Sure.  But I'll have to do that a little later.

What's holding down my score is my $65,000 student loan.  If I would pay the loan in full, according to the simulator, it would be in the 820s.  Same if I pay down $10,000.

Off the top of my head:

I have 32 accounts, 17 open.  

1 closed, paid-up mortgage.

1 auto lease.  Hyundai Finance.  $399.99 monthly payment 

Too many credit cards; quite a few store cards.  Mostly zero balances.  

1 $65,000 student loan with a $191 monthly payment.

$70,000 total debt.

3% overall utilization on revolvers.

Barclay's Upromise:  $8,800 credit limit, $14 balance 

Chase Freedom:  $6,500, zero balance

Amazon Rewards:  $8,000, zero balance  

Costco Mastercard:  $5,500, zero balance

Sears Store Card:  $7,000, $2,000 balance. 30-day late 2/2013, only reported to TransUnion.  Deleted from report.

Amazon Store Card:  $4,500, zero balance 

Walmart Store Card:  $7,000, zero balance

 Best Buy Store Card. $5,000, zero balance

Sears MasterCard:  $4,500, zero balance

HSN: $1,100, zero balance

Citi AAdvantage Platinum:  $2,000, zero balance, CLI declined via soft pull two days ago.

UnionPlus Cap One:  $1,500, zero balance 

PayPal Credit:  $2,440, zero balance

Can't remember others off the top of my head.  But not of much significance.

$67,500 available through credit cards.

[Anonymous]

Oldest and youngest revolver please. 

other than that you gave plenty of data to figure out which scorecard. 

[donkort]

Oldest:  9/2007 --   Chase Freedom

Most recent:  1/2019 -- Q card (from a shopping channel)