@Iusedtolurk wrote:Just noticed today on Experian my score went up 8 points.
When I sifted through the changes from today vs yesterday the only difference I found was my only installment loan went from 20% paid off to 47% paid off.
It seems Experians Fico algorithm gives a slight more weight to Installment loan reduced debt than Trans and Equifax as I have seen no movement on them. (once prior and now).
I had noticed this once before with a prior installment loan.
I have read that when you get a loan down to around 8.9% threshold that is when you usually see a score increase but apparently with Experian you can get one before reaching that point.
Either way 8 points up is indeed 8 points up.
Not surprising.
I recently gained 11 points in EX FICO 8 when my installment utilization went down from 82% to 36%.
Yes in my experience the big gain comes when you get down to 9%.
