My FICO score hasn't moved in 2 months?

[Anonymous]

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That information isn't factored into scoring.  Utlization is.  If zero is reported that's zero usage in the world of FICO. 

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Ok under "Understanding your score" in scorewatch under the "helping your score" It lists as one of the things helping my score as

"You've shown recent use of credit cards." "

Your FICO score evaluates your mix of credit cards, installment loans and mortgages. People who demonstrate responsible use of different types of credit are generally less risky to lenders. You helped your FICO score by showing recent use of a credit card..

Like I said I PIF and it reports a zero balance every cycle, but yet it helps my score. How?

[llecs]

I think the "You've shown recent use of CCs" comment refers not to your use, but the fact that the CC updates. When it updates each month, as most CCs do, the DOLA updates and FICO continues to score it. If you have a dormant card that isn't being used or closed, that DOLA will cease to update in many CCs. When that happens, FICO will remove parts of it from scoring.

[Anonymous]

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@llecs wrote:

I think the "You've shown recent use of CCs" comment refers not to your use, but the fact that the CC updates. When it updates each month, as most CCs do, the DOLA updates and FICO continues to score it. If you have a dormant card that isn't being used or closed, that DOLA will cease to update in many CCs. When that happens, FICO will remove parts of it from scoring.

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That is my point. It is still factored into your scoring.

TBC

[llecs]

But it's not CC usage that's causing the TL to update. I'm not suggesting this out of fear the CCC would close it for inactivity, but if you shelve your CCs for a year, even without a single charge or payment on them, the ones that survive not being closed will still report monthly with an updated DOLA. My point is that CC usage, like carrying a balance or showing usage, isn't a part of the recent use comment. In the case of OP, not using his/her CCs isn't holding his/her FICO back.

[Scuba]

My Fico stayed the same for 9 months.  I thought FICO went out of business abd whatever score you had when they locked the doors is what you wind up with

Then when all the new accounts I opend in 2010 aged in 2011, finally up 6 points.  That was a brutal year.   

[Revelate]

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@Anonymous wrote:

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@Anonymous wrote:

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@Anonymous wrote:

If you are PIF before the statement date instead of after, then it just looks like you don't use your card at all.

Is this what you are doing?
Understand that the statement dates and due dates can be two different days, which is important to recognize from a FICO score point of view.

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I don't believe that to be true. If that was the case what purpose would they have in reporting the high balance, recent balance and recent Payment. I PIF before the statement date, and they always have what I spent and what I paid for that statement cycle along with a zero balance.

TBC 

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That information isn't factored into scoring.  Utlization is.  If zero is reported that's zero usage in the world of FICO. 

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Late response, but the first assumption isn't accurate (payments made are absolutely reported to the bureaus, go pull your EX report if you don't believe me as they put that information in the consumer-pulled report), and we honestly don't know if they're measured into the FICO scoring model or not.  The 5 broad categories are not all there is: there are multiple sub-categories and only a select few know the actual algorithm behind it... and they're all very well paid, and under very tight NDA's.

Edit: snippet from Experian on a recently pulled credit report (my annual freebie):

Balance History - The following data will appear in the following format:

account balance / date payment received / scheduled payment amount / actual amount paid

Jan 2012: $1,009 / January 3, 2012 / $15 / $1,700

Dec 2011: $258 / December 19, 2011 / $15 / $700

Nov 2011: $1,698 / no data / $16 / no data

Oct 2011: $0 / no data / Unknown / no data