topic Just a Random Observation FICO Smh in General Credit Topics

Just a Random Observation FICO Smh

Iusedtolurk — Sat, 24 Aug 2024 09:41:52 GMT

Without getting in too many specifics due to so many different variables that affect fico scores I was checking my EX report yesterday and saw my fico went up 4 points. I was like ...Hmmm what was that about?

I checked and it said *One account has decreased by 52 dollars* ( A personal loan I have at about 85% now). I was like OK I'll gladly take those good old 4 points.

Then knowing I was waiting for 2 cards to report today at EX I was looking for some nice (at least a little nice moment upwards in points) due to both credit cards reporting a decrease.

Card 1 going from 1760 dollars with a 70% Util. to 0 dollars with a 0% Util crossing the 50% and 30% benchmarks.

Card 2 not so much of an decrease...just 50 dollars but still a decrease.

So checking my report I saw my fico score was the same as the day before and said Well those 2 cards have yet to report.

Clicked the *See what changed* button for the heck of it and discovered that both cards had indeed reported.

I was like WHAT I didn't get even 1 lousy point SMH LOL

Fico Smiko Whatever.

You decrease debt by 52 stanky dollars you get 4 points more.

You decrease debt by 1800 dollars cross a couple Util benchmarks and you get Nothing..Nil...Nada Oh Well....

Re: Just a Random Observation FICO Smh

MissLiz — Sat, 24 Aug 2024 11:18:30 GMT

Relatable. Just when I think I have a good understanding of what FICO is going to do, they go and prove me wrong.

Re: Just a Random Observation FICO Smh

SouthJamaica — Sat, 24 Aug 2024 16:10:59 GMT

@Iusedtolurk wrote:
Without getting in too many specifics due to so many different variables that affect fico scores I was checking my EX report yesterday and saw my fico went up 4 points. I was like ...Hmmm what was that about?

I checked and it said *One account has decreased by 52 dollars* ( A personal loan I have at about 85% now). I was like OK I'll gladly take those good old 4 points.
Then knowing I was waiting for 2 cards to report today at EX I was looking for some nice (at least a little nice moment upwards in points) due to both credit cards reporting a decrease.

Card 1 going from 1760 dollars with a 70% Util. to 0 dollars with a 0% Util crossing the 50% and 30% benchmarks.
Card 2 not so much of an decrease...just 50 dollars but still a decrease.

So checking my report I saw my fico score was the same as the day before and said Well those 2 cards have yet to report.
Clicked the *See what changed* button for the heck of it and discovered that both cards had indeed reported.
I was like WHAT I didn't get even 1 lousy point SMH LOL

Fico Smiko Whatever.
You decrease debt by 52 stanky dollars you get 4 points more.

You decrease debt by 1800 dollars cross a couple Util benchmarks and you get Nothing..Nil...Nada Oh Well....

There are numerous variables. And the timing is key. Unless you know the exact date the score changed, and the contents of the report on the day of the score change and the day before, you can't possibly know what data change caused what score change. And if 2 data changes occurred on the same date, you still can't know for sure.

Re: Just a Random Observation FICO Smh

Thomas_Thumb — Sat, 24 Aug 2024 20:07:57 GMT

Is a payment always a trigger event to pull score? No score change suggests no score pull. Or ... could there be a potential lead/lag?

Of course, Fico looks at the revolving account with highest utilization for scoring. So, if the OP has a different card still at an over 70% utilization the high card UT penalty is still in effect.