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Regular Contributor
beautybrainsbooty
Posts: 212
Registered: ‎08-02-2012
0

guess what? score remains the same! despite...

a change in balance from 0 to 453 dollar balance reporting. I fully expected my score to dip based on the info in the forums. I braced myself for it.  But it didn't move, which lets me know I have more than a 9% leeway when it comes to fico scoring. Maybe it appreciates the use of my credit versus the non use before? Ohhhh to understand the FICO formula....still happy tho :smileywink:

 

 

started mid 500's. Disputed incorrect items and within a month or two my scores have skyrocketed and continue to do so
EQ: 755 as of 8/2013
TU: 700
Experian(or as I call them, the devil) I have no clue, they haven't released my report
Goal=801 across the board!!! Not too far from this, hoping to garden until Christmas 2013
Established Contributor
YahComb
Posts: 599
Registered: ‎03-10-2012
0

Re: guess what? score remains the same! despite...

if you had a zero balance overall, then that would have actually lowered your score too.

EQ-736(08/14) TU-752(09/14)
Newest to Oldest
Barc Sallie Mae 6K | Citi TY Pref 4.5K | US Bank Cash+ 10K | Chase Freedom 11.7K | Disc It 10.5K | Amazon Store 2.5K | BOA Cash Rewards 10.5K |

Closed Cards: 4 Oldest: 3yrs AAOA: 2yrs
Established Contributor
distantarray
Posts: 2,112
Registered: ‎09-25-2011
0

Re: guess what? score remains the same! despite...

2% is supposed to be ideal =\


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Regular Contributor
sgs10
Posts: 204
Registered: ‎08-03-2010
0

Re: guess what? score remains the same! despite...

How about 1% 

Valued Contributor
nicholasyud
Posts: 1,737
Registered: ‎08-13-2012
0

Re: guess what? score remains the same! despite...

From my experience, Fico not usually update your score by the end of the month.

Let said if you paid your bill today on Oct 26. You likely not going to see the change until maybe the first 10days of November.

They calculate all your credit cards utility by the end of the month.

Maybe you would see some change by somewhere in November. 

Hope it help.


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


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Established Contributor
djrez4
Posts: 504
Registered: ‎08-28-2012
0

Re: guess what? score remains the same! despite...

Your FICO changes constantly.  If a card reports a balance today, your score will change today.  If another card reports a balance tomorrow, your score will change again tomorrow.

 

I think you snuck in under the mythical 10% utilization threshold so nothing changed.  

Established Contributor
distantarray
Posts: 2,112
Registered: ‎09-25-2011
0

Re: guess what? score remains the same! despite...


sgs10 wrote:

How about 1% 


that's the funny thing about Fico 


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Regular Contributor
beautybrainsbooty
Posts: 212
Registered: ‎08-02-2012
0

Re: guess what? score remains the same! despite...

thanks for the info guys! I am definitely on top of my score so we will see next month as I will have quite a bit hit BEFORE I pay in full. I really want to see the effect...

started mid 500's. Disputed incorrect items and within a month or two my scores have skyrocketed and continue to do so
EQ: 755 as of 8/2013
TU: 700
Experian(or as I call them, the devil) I have no clue, they haven't released my report
Goal=801 across the board!!! Not too far from this, hoping to garden until Christmas 2013
Valued Contributor
sccredit
Posts: 1,119
Registered: ‎09-14-2012
0

Re: guess what? score remains the same! despite...

Keep it up!  A little balance shouldn't hurt too much.  My scores have stayed the same with my utilization sliding around between 4% and 14% with no effect.  Who knows!!!  Just use what you have responsibly!

Never take credit personally

Amex BCP $24,900; Chase Sapphire Preferred $24,200; Discover It $12,500; Chase Ink Cash $15,000; Chase Slate $13,500; Citi TYP $12,900; Amex SPG Biz $3,000; DCU Visa $10,000; Logix FCU $15,000; Citi Home Depot $8,800; Lowes $8,000; Care Credit $6,000; Penfed Platinum Sig $16,000; Barclay Arrival Plus WEMC $15,000; US Bank PLOC Overdraft $1,500; US Bank Perks+ Visa Signature $8,600; US Bank Edge Rewards Business $10,000; PenFed PLOC $5,000

New Member
ellicel
Posts: 28
Registered: ‎09-30-2012
0

Re: guess what? score remains the same! despite...

Does Cap One secured report the balance on the date of your last statement or the highest day to day balance? I went over the 10% in the middle of the month but paid it down a couple of days later.

Starting Score: TU 598; EQ 558; EX 526
Current Score: TU 598; EQ 558; EX 526
Goal Score: 650


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