credit utilization

[Anonymous]

I paid both my capital one cards down ...my quicksilver I paid down 30 bucks ...the platinum card I paid down 220 dollars ...finally today I get an alert from experian  that took me from 609 to 607. **bleep** 

Then equifax  gave me NO SCORE CHANGE....WTFFFFF

GOING from high utilization on one card to under 50 percent and no points??? Wow

[Revelate]

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@Anonymous wrote:

I paid both my capital one cards down ...my quicksilver I paid down 30 bucks ...the platinum card I paid down 220 dollars ...finally today I get an alert from experian  that took me from 609 to 607. **bleep** 

Then equifax  gave me NO SCORE CHANGE....WTFFFFF

GOING from high utilization on one card to under 50 percent and no points??? Wow

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Define high utilization in this case?  I went from $4 to 73% on a $4400 tradeline and then back and score didn't budge.  Until you get into the 90%+ bracket not sure there is much of an individual tradeline penalty from my data but I've never tested it well enough honestly.  Post mortgage goal for me with a silly $250 secured card for funsies.

[NRB525]

Tracking scores can be frustrating.

Your score indicates some negatives in your file. Which type of negative, and how recent?

What are your credit cards and limits? Ages of cards?

[Thomas_Thumb]

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@Revelate wrote:

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@Anonymous wrote:

I paid both my capital one cards down ...my quicksilver I paid down 30 bucks ...the platinum card I paid down 220 dollars ...finally today I get an alert from experian  that took me from 609 to 607. **bleep** 

Then equifax  gave me NO SCORE CHANGE....WTFFFFF

GOING from high utilization on one card to under 50 percent and no points??? Wow

---

Define high utilization in this case?  I went from $4 to 73% on a $4400 tradeline and then back and score didn't budge.  Until you get into the 90%+ bracket not sure there is much of an individual tradeline penalty from my data but I've never tested it well enough honestly.  Post mortgage goal for me with a silly $250 secured card for funsies.

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MrFico84, I also have some  historical data indicating utilization on a single card has little/no impact on score at least up to 80%. I allowed a CC to report an 50%, 2% and then 80% utilization with no change on Fico 8 score - Note: I kept aggregate utilization between 1% and 5% range during that time. The primary utilization factor on score is the aggregate %. 

Can you share some info on what  your aggregate U% is now and what it was before the above pay downs?

[Anonymous]

Overall was about 87 pct  the one I paid 220 bucks on was 100 Oct utilization 

[Thomas_Thumb]

Thanks for the info.

An aggregate utilization above 80% will trump any potential score boost associated with reducing utilization on a per card basis. I would suggest focusing on per card pay downs from a strictly financial perspective with score improvement being an after thought. Ultimately, aggregate utilization will be the driver for a score boost. Potential thresholds (from my data mining) for aggregate utilization that could shift score are 80% 50%, 35%, 20% and 10%. The 10% is well documented and I have seen 35% mentioned from multiple sources. The other percentages are more speculative in nature but worth noting.

Any updates you can provide on step change score increases along with associated aggregate utilization % will be appreciated.

Good luck with your ongoing pay down strategy