I just paid off every TL I got! I'm keeping a small balance on one card, but while those changes take hold...want to see what this does to my scores?
I pulled EQ and TU today from myFico. Will pull future reports and report back the differences as I get SW alerts:
If you want me to provide additional details, I'll do so gladly, just let me know what to edit in!
| TU | EQ | |
| CC Bal | $4,787 | $4,787 |
| UTI | 24% | 24% |
| AAoA | 6 | 7 |
| Accounts | 17 | 19 |
| INQ | 0 | 1 |
| Accounts w/ Bal | 4 | 4 |
| New Accounts | 1 | 1 |
| Credit History | 13.4 yrs | 13.4 yrs |
| 30-Day Lates | 3 | 3 |
| Most Recent Late: | 6 mos | 6 mos |
| Derog Accounts | 2 | 2 |
| Newest Account | 7 mos | 7 mos |
| 4/23/12 FICO | 667 | 706 |
| Score Simulator (assuming full payoff): | 707-747 | 746-786 |
| TransUnion | Equifax | ||
| Hurting your Score | Helping your Score | Hurting your Score | Helping your Score |
| High Credit Usage | No Serious Delinquency | Recent Missed Payment | No Serious Delinquency |
| Missed Payments | Long Account History | Bad Payment History | Long Account History |
| Bad Payment History | New Account | Low Credit Usage | |
| Accounts with Balances |
Notes:
2 30 day lates (4/2011 and 11/2011) are on an old TL that has had a zero balance since 2011. Working on GW.
1 30 day late (10/2012) was on a CapOne account that is my active CC with a target UTI of 5%. Gave up on GW letters.
NO OTHER BADDIES! (Lots of accounts "Closed by Credit Grantor" though....)
My EQ report has only 1 HP for Sprint/Nextel. I have 5 HPs (12/12, 9/12, 6/12, 3/12, 8/11) on my EX report.
EQ has a Discover Card (5/2000 to 9/2005, 1500 CL, Closed by Grantor) and a Utility Account (4/2007 to 7/2007, 30 HB) that TU doesn't.
Observations:
The myFico "Understanding Your Score" lists my 24% UTI as "Helping my score" on the EQ side and "Hurting your score" hurting it on the TU side, even though the utilization is the same!
Starting Score: 621 TU
EQ went up from 706 to 723
17 point gain based on:
Account opened: 5/2006
Description: Credit card
Amount in H/C column is credit limit
Amount in H/C column is credit limit
| Previously reported | Newly reported | |
| Balance: | $1,678 | |
| Past due: | $0 | $0 |
| Status: | Pays account as agreed | Lost or Stolen Card |
| Last activity: | 4/1/2013 | 4/1/2013 |
(Just FYI - I called and asked for a new card since I tore up the old one a long time ago...they apparently took this as Lost/Stolen.)
That's actually a really good question...I'm assuming the score drop was entirely on account of paying off that card...but now that I think about it, they may be assuming something else with the scoring model. /me goes to search the forums for more on this.
Still watching 
EQ went up from 723 to 738
Note: This is the same card as was reported on the last SW update a few days ago...no other TLs have reported $0 balances.
15 point gain based on:
Account opened: 5/2006
Description: Credit card
Amount in H/C column is credit limit
Amount in H/C column is credit limit
| Previously reported | Newly reported | |
| Balance: | $0 | |
| Past due: | $0 | $0 |
| Status: | Lost or Stolen Card | Pays account as agreed |
| Last activity: | 4/1/2013 | 4/1/2013 |
| Account number: | XXXXXXXXXXXX1446 | XXXXXXXXXXXX4700 |
 | Your FICO® score has gone up to 738 on April 27, 2013. |
Your FICO score may have gone up because the following factor is not hurting your FICO score as much as before:
|
My last new account was opened 9/2012.
So as far as PIFs left to hit the CR, I have;
- CC balance of $1,982.00 to go to $0. (Statement cut 4/23/12...so I'm not sure why it hasn't updated that one yet. CapOne with a 30 day late baddie, so no hope for GW adjustment.)
- CC balance of $1,125.00 to go to $0. (This account is marked Closed by Consumer's Request - I was in a Payment Plan for reduced APR on this one. Already closed/disappeared online)
- Goodyear Card I honestly don't remember opening that I'm waiting to hit Contested/Fraud status because it has two 30 day late baddies.
Once SW tells me these are clear/reported I'm going to go ahead and report the score, pull my three credit reports--and then APP for that AMEX I want!!! (If I get rejected for that, I'll just APP for whatever I can get.)
This account went from Lost/Stolen back to Pays as Agreed in the span of a few days...see my last post. Do you think that has anything to do with the score increase? (I'm in the middle of a score climb due to going from 24% to ~1% UTI)