@Anonymous wrote:
@K-in-Boston wrote:
@kdot wrote:Thank you. So with utilization contributing +-30% of a FICO credit score...even with the heavy usage of the HELOCS, it is possible to still have a decent credit score (mid-700s). That maybe my situation.
But why would a CC company disregard a strong overall credit score and focus only on the utilization? Is this specific to Chase and the Vantage Scoring model (CK, Nav)...? It's quite puzzling!!!Yes. I had 830s across the board on FICO 8 last year with a HELOC at 100% utilization. Again, my guess is this may be Chase's internal score and not a FICO or Vantage thing.
It is factoring into utilization improperly at Experian. Whether that's the reason or it's chases internal I don't know, but that's bringing down his score and making his Experian look bad if that's what they pulled.
The OP of the other thread seems to have a HELOC reporting as a credit card on their Experian report due to an error by either the lender or Experian, and that is causing a scoring issue. The OP of this thread has not reported a lower Experian score or improper coding as far as I am aware?
