topic Re: What's causing score changes? in Understanding FICO® Scoring

What's causing score changes?

800who — Thu, 03 Oct 2019 21:59:04 GMT

The only thing that's changed from last month to this is 2 years LoC to 3 years, this happens frequently... I maintain the same profile, Util is always 0-1%, It's been that for three years now.. my score just bounces every month, up down, up down.. For March, April & May it was 780, June 771, Jul & Aug 784, now this.. anyone have any explanation or do I just ride the rollercoaster?

Re: What's causing score changes?

Girlzilla88 — Thu, 03 Oct 2019 22:26:49 GMT

Looks like your Average Age may be what's keeping you up and down?! I also noticed whenever I had my % equal to 8% or so across the board on my cards my score jumped higher than when I had them at 1% or AZEO it didn't gain as much. Whenever I paid my payment in FULL and then added a little bit onto the card after payment to report to the statement I noticed that reflected well on my jumps too....but are you adding new things or did maybe some things fall off often?! Or recently?!

Re: What's causing score changes?

Anonymous — Fri, 04 Oct 2019 02:19:44 GMT

You said your utilization is always 0%-1%. If by 0% you mean no [reported] revolving utilization, that results in an all zero penalty, typically to the tune of 15-20 points. That factor alone if bouncing between 0% and 1% could result in +15-20 and -15-20 fluctuations.

Re: What's causing score changes?

800who — Sat, 05 Oct 2019 20:49:56 GMT

I looked more in depth and in the last year, I reported 1% UTIL every single month, so I withdraw the 0% comment.

Re: What's causing score changes?

AllZero — Sat, 05 Oct 2019 21:09:30 GMT

How many accounts do you have; revolving, installment?

How many are reporting a balance?

Re: What's causing score changes?

800who — Sun, 06 Oct 2019 23:48:14 GMT

is VantageScore 4.0 at all accurate?

Re: What's causing score changes?

800who — Sun, 06 Oct 2019 23:50:25 GMT

One installment, $5k balance, 3 revolving, $0, $50, and $61

Re: What's causing score changes?

AllZero — Sun, 06 Oct 2019 23:58:49 GMT

^ You will be penalized points if 50% or more of your cards are reporting a balance. Look back and review your score changes vs how many are reporting a balance at certain dates; eg 1/3, 2/3, 3/3.

Re: What's causing score changes?

AllZero — Mon, 07 Oct 2019 00:09:49 GMT

@800who wrote:
is VantageScore 4.0 at all accurate?

VantageScore is great for following your credit reports. However, their scores are irrelevant. FICO scores is what the majority of lenders use.

Re: What's causing score changes?

Anonymous — Mon, 07 Oct 2019 02:57:35 GMT

@800who wrote:
is VantageScore 4.0 at all accurate?

All scoring algorithms are accurate, it's just that some (like VS 4.0) aren't very meaningful/relevant because they aren't used by the majority of lenders.