Score on the rise!

[PlasticOrPlastic]

So recently I've been working towards getting my util down on my cards.  I'm hovering around 18% right now, I just did a balance transfer from a Wells Fargo backed furniture card (29.99%) to my Arrival card (3.99%), and my Capital One card (19.24%) to my Discover (0%).  This was to of course save on some interest as well as only need to make 2 credit card payments a month. 

I guess my question is does "good" stuff falling of your report cause score increases?  I have some old car loans and credit card accounts (First Premier, Orchard) falling off each month and I'm starting to think thats helping my score go up?  While I work on my util its basically been going down ~1-1.5% a month, I find it hard to believe thats causing 20-25 point increases.  If thats in fact all thats causing it, dropping down to 9% util should put me at about 800 FICO!! 

Anybody have any insight on this?

[Juss11]

Were there any lates or charge offs that fell off?

[PlasticOrPlastic]

Everything was in good standing, there was one 30 day late from a Santander loan back in 2007.  It was an error but they never would budge on removing it.  The cards that have been falling off were low limit ($300) and always paid on time until closed. 

[gdale6]

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@EndlessRoad wrote:

Everything was in good standing, there was one 30 day late from a Santander loan back in 2007.  It was an error but they never would budge on removing it.  The cards that have been falling off were low limit ($300) and always paid on time until closed. 

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The 30 day late impact at 7 yrs is negligible it only typically affects FICO for 2 years. You are not getting a score boost from oldies falling off this causes your AAoA to decrease, you are most likley getting the impact of dropping utilization and if your file is thin on revolving CCs there is an initial boost for opening a few new cards. Typical 800 club members have at least 1 account that is 18 years old, preferrably is a revolver since they continue to report if they are kept open.

[Anonymous]

If old accounts drop off your reports, this typically causes AAoA to go down, which would hurt a bit.  If a not-so-old account gets deleted, then you really have to crunch the numbers to see what happens to AAoA.

Another angle here is if you shuffle balances around like this:

   450 / 500 -> 450 / 5000

Doing this does not affect overall utililzation, but can still help scores because an individual card's utilization goes down.

If you go the other way, it can of course hurt you.

[Anonymous]

I got a 24 point increse today.  The only differance I saw was my CU has gone down from 52% to 42%.  I got a 4k increase yesterday from Lowes and my new CU will be 23% next month.  I wonder how many more points I will receive?