Reply
Valued Contributor
Posts: 2,280
Registered: ‎07-23-2012
0

score drop on score watch from zync reporting balance?

i mean it is what it is but i figured that charge cards dont have util effect? 

im gardening but just surprised. 

 

anyone else have this happen too? 

 

 

p.s. i have the hard hold 500 limit zync. 

 

and since its a new month all my cards are 1 month older i guess. 

last inq's 8-30-12

Current: Discover Fico 709 3/15 Walmart Fico 743 4/15

Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Over 12 Months:9


2015 Goals:
Lower Utility
Earn Cash Back

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$6,400
Citi DC $10,000
Citizens Mastercard$7,000
Established Contributor
Posts: 599
Registered: ‎03-10-2012
0

i beRe: score drop on score watch from zync reporting balance?

[ Edited ]

while charge cards dont count in utilization in fico 04 and 08, i believe they can till be counted as a balance carrying account. Since the number of balance carrying accounts increased for you, the score went down.

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
Valued Contributor
Posts: 2,280
Registered: ‎07-23-2012
0

Re: i beRe: score drop on score watch from zync reporting balance?

well thats a shame then. might as well only let zync report then. 

 

its dumb to say it doesnt effect your util but still effects util. 

 

i mean its only 2 points but still. 

actually when i had 1 card report my score went up 

2 no change 

and 3(including zync) -2. 

all with around 900 balance reported.  370/450/167 

next month will only let 1 report to be golden for amex in jan. 

 

Current: Discover Fico 709 3/15 Walmart Fico 743 4/15

Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Over 12 Months:9


2015 Goals:
Lower Utility
Earn Cash Back

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$6,400
Citi DC $10,000
Citizens Mastercard$7,000
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.