Utilization +7% --> FICO Auto 2 drops 67 points

[SouthJamaica]

I'm not going to waste the $52 needed to find out, but I wonder how this debacle in FICO 8 would translate to the mortgage scores.

[Anonymous]

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@SouthJamaica wrote:

Wrapping it up:

By

(1) adding 2 accounts with balances

(2) increasing overall utilization from 4% to 11%

(3) increasing individual balances (a) from 13% to 47%, (b) from

zero to 52%, and (c) from zero to 87%

I experienced the following point drops in FICO 8

EX 44

EQ 41

TU 42

I must say I'm pleased to see that the 3 bureaus acted in unison

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Based on what I've seen with my own Fico scores, you got hit on 3 factors: You crossed the 30% threshold on one card, crossed the 50% threhold on another card, and crossed the10% threshold on overall utilization.

ETA: You also crossed the 70% threshold on another card, making it a fourth hit.

[Anonymous]

My EQ is my dirtiest profile for sure -- one unpaid CO from 2017, one unpaid tax lien from 2010, and one chargeoff from 2015 or so.

Recently tested 2 credit cards posting < 39%, then just one posting < 39%, then just one posting < 29%.  When the change went from one <39% to one <29%, no EQ FICO change at all, at least so far.  Will soon see what happens to EQ when just one posts < 9%.

When I went from 2 accounts with < 39% to 1 account < 39%, I gained 5 points only.

 

[SouthJamaica]

Update.

I decided to take the plunge and see what the impact was on my mortgage and auto scores.

Mortgage:

EQ FICO 5  -13

TU FICO 4   -32

EX FICO 2   -23

Auto:

EQ FICO Auto 5  -40

TU FICO Auto 4  -57

EX FICO Auto 2  -67