topic Re: # of CC reporting in Understanding FICO® Scoring

# of CC reporting

cem13 — Fri, 17 Feb 2017 23:24:52 GMT

I wanted to provide the group an interesting data point on the # of CC reporting a balance.

I have about $200K in available CC. My current balances are 140000/18500 (75%), 9300/10000 (93%) and 3000/25000 (12%); overall utilization is 13%. My EQ score is steady at 705 for months.

Over the Christmas break, I cycled my SD cards and I ended up missing the statement date so one of my cards reported a 7/13000. No change to my score.

So I have 4 cards reporting: 93%, 75%, 12% and 1%. I forgot that my Delta Amex has an annual fee so it hit my account on 01FEB17. Since this is a SD card and I had already cycled it a month before, I did not notice the fee until the fee hit my statement on the 13th. I lost 6 points on EQ, no loss for EX and TU.

On Wednesday, my card with the $7 balance reported 0 and I gained all 6 points back.

So my bucket is not penalizing me for 4 cards reporting a balance but a 6 point loss with 5 cards reporting.

Re: # of CC reporting

Revelate — Sat, 18 Feb 2017 13:36:40 GMT

Need total number of revolving tradelines; it's always been a flat percentage for me talking FICO 8.

Re: # of CC reporting

CreditMagic7 — Sat, 18 Feb 2017 17:19:24 GMT

Something similar has come across the wire and dropped my own FICO 14 points. (not updated in my siggy below)

So from 769 to 755 which shows on my Sams Club free TU score this week.

Checking my reports to confirm i discovered Comenity was one of those who left a lingering small balance as well as Synchrony Sams who posted an interest charge after i PIF the whole balance.

For some reason (and it's likely in their terms) the interest gets forwarded to the following statement cut date irregardless.

Be that as it may, i had just recently scaled down reporting balances below 1/3rd total (which now i can confirm for my profile) is the penalty-free spot/range. Anything over 1/3rd cards reporting for me and FICO begins to subtract points.

Re: # of CC reporting

Revelate — Sat, 18 Feb 2017 17:59:37 GMT

@CreditMagic7 wrote:
Something similar has come across the wire and dropped my own FICO 14 points. (not updated in my siggy below)

So from 769 to 755 which shows on my Sams Club free TU score this week.

Checking my reports to confirm i discovered Comenity was one of those who left a lingering small balance as well as Synchrony Sams who posted an interest charge after i PIF the whole balance.

For some reason (and it's likely in their terms) the interest gets forwarded to the following statement cut date irregardless.

Be that as it may, i had just recently scaled down reporting balances below 1/3rd total (which now i can confirm for my profile) is the penalty-free spot/range. Anything over 1/3rd cards reporting for me and FICO begins to subtract points.

On which bureau and model specifically?

EQ FICO 8 is 1/3 for me; EX / TU FICO 8 historically on my scorecard have been 1/2.

Re: # of CC reporting

CreditMagic7 — Sat, 18 Feb 2017 20:47:12 GMT

@Revelate wrote:
@CreditMagic7 wrote:
Something similar has come across the wire and dropped my own FICO 14 points. (not updated in my siggy below)

So from 769 to 755 which shows on my Sams Club free TU score this week.

Checking my reports to confirm i discovered Comenity was one of those who left a lingering small balance as well as Synchrony Sams who posted an interest charge after i PIF the whole balance.

For some reason (and it's likely in their terms) the interest gets forwarded to the following statement cut date irregardless.

Be that as it may, i had just recently scaled down reporting balances below 1/3rd total (which now i can confirm for my profile) is the penalty-free spot/range. Anything over 1/3rd cards reporting for me and FICO begins to subtract points.
On which bureau and model specifically?

EQ FICO 8 is 1/3 for me; EX / TU FICO 8 historically on my scorecard have been 1/2.So from 769 to 755 which shows on my Sams Club free TU score this week

TransUnion FICO 8 to be 100% certain.

Experian results will be in as soon as the Discover Scorecard updates next week.

Equifax is on some mystical slow crawl back upwards after entering a new scorecard assignment so should that one show a decrease then the 1/3rd reporting will be confirmed there too.

I had no idea until actually allowing cards to accumalate balances to several just where the cutoff was at but with TU FICO 8 it is 1/3rd.

Re: # of CC reporting

cem13 — Sun, 19 Feb 2017 04:59:21 GMT

@Revelate wrote:
Need total number of revolving tradelines; it's always been a flat percentage for me talking FICO 8.

I have a total of 15 CC, 1 NFCU LOC, 3 SL, 1 Auto, 1 Mortgage

What are you thinking?

Re: # of CC reporting

Revelate — Sun, 19 Feb 2017 07:51:00 GMT

@cem13 wrote:
@Revelate wrote:
Need total number of revolving tradelines; it's always been a flat percentage for me talking FICO 8.
I have a total of 15 CC, 1 NFCU LOC, 3 SL, 1 Auto, 1 Mortgage

What are you thinking?

5/15 = 1/3... the LOC is a question though depending how it's reporting and therefore counting or not. I should go test my own Penfed LOC at some point and see if that's discounted much like my HELOC from revolving utillization.

Re: # of CC reporting

NRB525 — Sun, 19 Feb 2017 16:04:21 GMT

I've been tracking my TU alerts here, based on number of cards, percent of cards, and balance, for a long time.

Since I reached 800 recently, this is the history of changes. It seems to be driven primarily on percentage of cards reporting, sometimes is influenced by larger dollar value changes in open balances. The first column is the EX calculation from the individual cards reporting, so sometimes a timing difference between EX and TU alerts.