topic Re: How is this possible? I'm lost!!!? in Understanding FICO® Scoring

How is this possible? I'm lost!!!?

erin62777 — Fri, 27 Feb 2015 17:22:17 GMT

Re: How is this possible? I'm lost!!!?

Anonymous — Fri, 27 Feb 2015 17:39:58 GMT

Equifax is weird when it comes to balance changes. It does the same thing to me.

Re: How is this possible? I'm lost!!!?

tonyjones — Fri, 27 Feb 2015 17:43:44 GMT

The question is what was your overall credit utilization among all your cards and the individual ones before and after.

Re: How is this possible? I'm lost!!!?

Anonymous — Fri, 27 Feb 2015 18:01:17 GMT

I lost 14 points for paying one card off, 9 more points for paying another small balance off (not just EQ) . I still have a card with a balance. I am calling BS that the models prefer 1 card with under 10% utilization. I had better scores when at least 2 cards carried a balance - 3 counting a small balance as an AU.

Re: How is this possible? I'm lost!!!?

tonyjones — Fri, 27 Feb 2015 18:00:11 GMT

@Anonymous wrote:
I lost 14 points for paying one card off, 9 more points for paying another small balance off. I still have a card with a balance. I am calling BS that the models prefer 1 card with under 10% utilization. I had better scores when at least 2 cards carried a balance - 3 counting a small balance as an AU.

Yeah FICO seems not to like $0 reporting on any balance, so maybe leave 1-9% balance on all cards?

Re: How is this possible? I'm lost!!!?

erin62777 — Fri, 27 Feb 2015 18:10:26 GMT

Ok. That particular card went from 2k to 7k last month and I lost 25 points via equifax. Overall I owed 12-13000 now I owe about 6k. So as u see I paid down 1750 and I lost another 6 points!!!!

i can easily screenshot the one where I lost 25 points. I have no reason to lie. Like I said before I paid chase 3k in total to 0 gained 0 points!

like another poster stated I had higher scores when balances were high! I get punished for paying stuff down!

Re: How is this possible? I'm lost!!!?

erin62777 — Fri, 27 Feb 2015 18:12:20 GMT

TU is 705 and exp is 693 now equ is 670 they keep on screwing me

Re: How is this possible? I'm lost!!!?

tonyjones — Fri, 27 Feb 2015 19:07:38 GMT

@erin62777 wrote:
TU is 705 and exp is 693 now equ is 670 they keep on screwing me

In time it will bounce back, I always assumed credit utilization was in real time but from reading all these threads I'm not so sure anymore. My utilization amongst all my cards is around 70% right now, we'll see what my score is once I bring it down.

Re: How is this possible? I'm lost!!!?

Anonymous — Fri, 27 Feb 2015 23:54:22 GMT

The Exact same thing happend to me. Paid off a 1600.00 balance on a CC and took a 20 point Equifax hit. 😡

Re: How is this possible? I'm lost!!!?

NRB525 — Sat, 28 Feb 2015 04:20:26 GMT

@erin62777 wrote:
Ok. That particular card went from 2k to 7k last month and I lost 25 points via equifax. Overall I owed 12-13000 now I owe about 6k. So as u see I paid down 1750 and I lost another 6 points!!!!

i can easily screenshot the one where I lost 25 points. I have no reason to lie. Like I said before I paid chase 3k in total to 0 gained 0 points!

like another poster stated I had higher scores when balances were high! I get punished for paying stuff down!

What is your overall utilization percentage? $13k outstanding is what utilization percentage? Do you have any new CC added, apped, recently?

What is the age of your cards and credit file?

Re: How is this possible? I'm lost!!!?

elim — Sat, 28 Feb 2015 04:29:12 GMT

try paying in full a few months (maybe that Utililization lowered you a bucket or two) with 1-9% reporting on 1 or 2 cards

Re: How is this possible? I'm lost!!!?

DeadlyPersona — Sat, 28 Feb 2015 15:47:34 GMT

I created a spreadsheet to help monitor what cards seem to take hits when I pay down balances....on both my Experian and Equifax scores, I'm aways getting points taken away when I have "balance decreases" or "balance percentage decreases".....crazy!!!!

However, when I make purchases on these particular accounts the scores don't move.....weird to say the least. I even took a major hit in points for receiving a credit line increase.....auto increase.

Re: How is this possible? I'm lost!!!?

Anonymous — Sun, 01 Mar 2015 03:46:10 GMT

dont sweat it its just 6 points.

ive paid 6 of my cards down and they have gone up except EX it has not moved..

Re: How is this possible? I'm lost!!!?

Anonymous — Sun, 01 Mar 2015 03:49:19 GMT

I'm surprised no one has said it get. More than likely the decrease was not the cause for the loss in score but instead just the event that caused your score to update.

Re: How is this possible? I'm lost!!!?

Anonymous — Sun, 01 Mar 2015 03:53:32 GMT

thats strange.

Re: How is this possible? I'm lost!!!?

racer-x — Sun, 01 Mar 2015 12:38:32 GMT

I'm starting to think Kim Jung-on has hacked myFicos' system.

Re: How is this possible? I'm lost!!!?

xautodetail — Mon, 02 Mar 2015 03:20:45 GMT

Same here i loss 20 point for left one of my card pass $21.00 and other one the charge-off is report to 0 balance am is hit me we other 10 point this is not right.

by i check my Equifax and is only loss 2 point and here is 20

Re: How is this possible? I'm lost!!!?

NRB525 — Mon, 02 Mar 2015 03:24:41 GMT

Scoring from the Equifax website is going to be different from MyFICO scoring. Different scoring models.

Re: How is this possible? I'm lost!!!?

Booboo71 — Mon, 02 Mar 2015 03:29:19 GMT

I have the same problem with Eqifax and sometimes experian. Transunion is my strongest score and never takes dips like that for paying. But I'll trade you Equfax scores if you like? Mine is at 640!But on a serious note I feel your fustration, its like you get punished for being good, go figure?

Re: How is this possible? I'm lost!!!?

erin62777 — Mon, 02 Mar 2015 14:32:03 GMT

It does get pretty crazy trying to figure this game out...

Im actually paying off everything, going to use one card for daily purchases and thats that. Put every single card in the safe except my slate card and debit card. I am going to rotate a card every few months so they all get some love............

The last balance I have will be paid within a month so we shall see what happens and how the score reacts......

I will update accordingly..........