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Util down but unchanged FICO

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CS800
Super Contributor

Util down but unchanged FICO

I paid off a big amoutn of my credit card and my FICO from EX stayed the same (FICO08 from exprerian's site)

 

Util was 19% now down to 5%. The drop in % of util is being reflected on the EX site but my FICO remained the same. Any explanations?

 




Message 1 of 4
3 REPLIES 3
Anonymous
Not applicable

Re: Util down but unchanged FICO

just be patient. might take a few weeks to show 

Message 2 of 4
CS800
Super Contributor

Re: Util down but unchanged FICO

I would t hink that since the util % already changed, the score would also.

 

Since 30% of the FICO score is util and FICO likes to see under 10%, i would get a nice jump. I'll wait one more week and see.




Message 3 of 4
Anonymous
Not applicable

Re: Util down but unchanged FICO

Be a little careful there.  It's not strictly true to say that 30% of your score is credit card utilization.  The 30% category is called Amounts Owed and it contains other factors besides CCU.  It is true that a good portion of that 30% is CCU, however.  Just not all.

Message 4 of 4
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