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Uti from 2 % to 25 %

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Sbrooks1
Valued Contributor

Uti from 2 % to 25 %

Wow !! All clean files (newly) And took uti up to 25%, scores dropped significantly by 32,30, and 25 points !! What , I am still below 30!! I hate you fico
Message 1 of 4
3 REPLIES 3
Sbrooks1
Valued Contributor

Re: Uti from 2 % to 25 %

Point , I did take one over 50, maybe that's the caveat
Message 2 of 4
Thomas_Thumb
Senior Contributor

Re: Uti from 2 % to 25 %


@Sbrooks1 wrote:
Point , I did take one over 50, maybe that's the caveat

If your profile is a bit thin and not seasoned, a single card in the 50% to 69 % UT range may cost you 10 points but the bigger factor is aggregate UT going over 9%. AG UT going from under 9% to over 10% but less than 29% may cost 20 points.

 

For optimal score from a utilization perspective keep all individual cards under 29% AND aggregate utilization under 9%. Aggregate utilization is given more weight that is individual card utilization but, both are important.

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: Uti from 2 % to 25 %

Good reply from TT above.

 

I agree that taking aggregate across a threshold (9%) as well as taking an individual card over 50% could result in a drop like that, especially on a younger/thinner file.

 

Also OP, how many total cards do you have out of curiosity?  If the number is low, say just a couple, if you have 50% or more of your cards reporting a balance there's a chance another slight ding is being built into that drop as well.

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