Credit Report v. Credit Score

[Anonymous]

I admit unashamedly that I use True Credit. I like being able to update daily.Obsessed? Maybe, but that's a question for another day.

My question today is, how can I pay off a nearly maxed out card AND have the CL increased by 75% and see absolutely no change in my score?

Two days prior, a payoff of one of hubby's cards, where I'm just an AU, showed up, and I gained 17 points. THAT card, however, was only at about 55% util.. Plus, I was just an AU.

I am so confused now. Hubby calls this whole thing "black magic." lol. I'm starting to think he's right.

Does the score update sometimes lag behind the report update? I just can't wrap my mind around gaining 17 pts. for paying a $310 balance on an AU card, and yet seeing NO change upon paying off $1900 on a $2,300 CL card, AND increasing the CL to $4K.

Does this make any sense to any of you credit card gurus out there?

[Anonymous]

It should update INSTANTLY...scorewatch is just unreliable...it's extremely slow..you MIGHT get an update in two or three days regarding it..or you can just buy them...

[haulingthescoreup]

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@Anonymous wrote:

I admit unashamedly that I use True Credit. I like being able to update daily.Obsessed? Maybe, but that's a question for another day.

My question today is, how can I pay off a nearly maxed out card AND have the CL increased by 75% and see absolutely no change in my score?

Two days prior, a payoff of one of hubby's cards, where I'm just an AU, showed up, and I gained 17 points. THAT card, however, was only at about 55% util.. Plus, I was just an AU.

I am so confused now. Hubby calls this whole thing "black magic." lol. I'm starting to think he's right.

Does the score update sometimes lag behind the report update? I just can't wrap my mind around gaining 17 pts. for paying a $310 balance on an AU card, and yet seeing NO change upon paying off $1900 on a $2,300 CL card, AND increasing the CL to $4K.

Does this make any sense to any of you credit card gurus out there?

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Where are you checking your scores to see changes? Do you have ScoreWatch (which has a built-in 2-3 day delay), or buy your scores from myFICO, or are you looking at the TC scores?

[Anonymous]

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@haulingthescoreup wrote:

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@Anonymous wrote:

I admit unashamedly that I use True Credit. I like being able to update daily.Obsessed? Maybe, but that's a question for another day.

My question today is, how can I pay off a nearly maxed out card AND have the CL increased by 75% and see absolutely no change in my score?

Two days prior, a payoff of one of hubby's cards, where I'm just an AU, showed up, and I gained 17 points. THAT card, however, was only at about 55% util.. Plus, I was just an AU.

I am so confused now. Hubby calls this whole thing "black magic." lol. I'm starting to think he's right.

Does the score update sometimes lag behind the report update? I just can't wrap my mind around gaining 17 pts. for paying a $310 balance on an AU card, and yet seeing NO change upon paying off $1900 on a $2,300 CL card, AND increasing the CL to $4K.

Does this make any sense to any of you credit card gurus out there?

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Where are you checking your scores to see changes? Do you have ScoreWatch (which has a built-in 2-3 day delay), or buy your scores from myFICO, or are you looking at the TC scores?

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TC scores.

[haulingthescoreup]

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@Anonymous wrote:

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@haulingthescoreup wrote:

Where are you checking your scores to see changes? Do you have ScoreWatch (which has a built-in 2-3 day delay), or buy your scores from myFICO, or are you looking at the TC scores?

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TC scores.

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Oh, well, sorry, can't help you there. I'm baffled by their scoring, and no one has ever tried to figure it out, the way we have FICO scores, because no lender uses the TC scores.

I know that when theirs go up, mine go down, and vice versa; and generally their scores are higher if your FICO's are in the mid-600's and below, and their scores are lower if your FICO's are in the upper 600's and above. That's all I've ever been able to figure out about them!

Hope your FICO's show you some love. Sounds like you've done some nice work.

[Anonymous]

Wow that is crazy, TC always updates scores right away!  Utility is a big factor on scoring, so I would assume something funky is going on with TC at the moment, or something bad hit your credit report!

[Anonymous]

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fender wrote:

Wow that is crazy, TC always updates scores right away!  Utility is a big factor on scoring, so I would assume something funky is going on with TC at the moment, or something bad hit your credit report!

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I gained several points---about what I expected---on TU and EQ, but nada on EX. Bizarre. I know everyone calls them "FAKO" scores, but I find that they are normally much lower than my real FICOs, so as long as they're in good shape, all is usually well.  Besides, for some reason, everyone and their uncle seems to use Experian for credit checks, and FICO doesn't have a good product for frequent Experian updates (unless I want to pay each time), so I use TC.

Nothing bad hit my report---I've been paying cards off hand over fist and all my bad credit days are years behind me. I just can't figure out why I didn't feel the gain for paying off my Citi card and bumping the CL.

Meanwhile, I paid WAMU down below 50% and gained 7 points on EX. lol.  So, tomorrow I should see two more report as PIF and we'll see if that does anything good for me. If not, I give up. ;-)