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Hey all!
Just thought I would share a quick DP from my EX Fico 8. Paid off my Lending Club personal loan last month. Just reported today. Waiting until the 26th to pull the rest of my reports. No other changes. Aggregate UTI on open installment accounts increased form 71% to 81%. Lost 10 points.
9/14 - 711 EX8
3 Installment loans open. 71% Aggregate UTI
Lending Club Personal Loan 7279/14000 52% UTI 5/17
Auto Loan BECU 7732/13000 59% UTI 12/17
NFCU Personal Loan 15058/15000 100% UTI 08/20
9/20 - 701 EX8
2 Installment loans open. 81% Aggregate UTI
Auto Loan BECU 7732/13000 59% UTI 12/17
NFCU Personal Loan 15058/15000 100% UTI 08/20
Will update with EQ and TU next week, but there will be a reduction on revolving UTI then as well.
Cheers!
Interesting. Thanks for sharing. I've been milking an auto loan that's 2 yrs ahead while I wait to get my MTG down to 74%. I chose that amount to test because I was able to achieve 850 with 74% installment UTL. Did you notice any point gain that could be attributed to AGG installment UTL dropping between 80% and 71%?
@Anonymous wrote:Hey all!
Just thought I would share a quick DP from my EX Fico 8. Paid off my Lending Club personal loan last month. Just reported today. Waiting until the 26th to pull the rest of my reports. No other changes. Aggregate UTI on open installment accounts increased form 71% to 81%. Lost 10 points.
9/14 - 711 EX8
3 Installment loans open. 71% Aggregate UTI
Lending Club Personal Loan 7279/14000 52% UTI 5/17
Auto Loan BECU 7732/13000 59% UTI 12/17
NFCU Personal Loan 15058/15000 100% UTI 08/20
9/20 - 701 EX8
2 Installment loans open. 81% Aggregate UTI
Auto Loan BECU 7732/13000 59% UTI 12/17
NFCU Personal Loan 15058/15000 100% UTI 08/20
Will update with EQ and TU next week, but there will be a reduction on revolving UTI then as well.
Cheers!
@Anonymous So, AoOIA went from 3 years 4 months to 2 years 9 months. Can you please report back if you get those points on December 1st?
@Trudy wrote:Interesting. Thanks for sharing. I've been milking an auto loan that's 2 yrs ahead while I wait to get my MTG down to 74%. I chose that amount to test because I was able to achieve 850 with 74% installment UTL. Did you notice any point gain that could be attributed to AGG installment UTL dropping between 80% and 71%?
@Anonymous yeah that's true, did you see the point gain on the way down? Wonder which metric it is?
I will report back on 12/1 as well with any AaoIa score increases.
I did not notice any score increase when my utilization went from 80-71 prior, but I wasn't looking or paying attention either. Don't have old reports to look back at.
I did not see a score decrease when the NFCU loan first reported and brought my aggregate installment utilization up from 56% to 71% on 9/4. -Scratch that, 4 point decrease.
@Anonymous wrote:I will report back on 12/1 as well with any AaoIa score increases.
I did not notice any score increase when my utilization went from 80-71 prior, but I wasn't looking or paying attention either. Don't have old reports to look back at.
I did not see a score decrease when the NFCU loan first reported and brought my aggregate installment utilization up from 56% to 71% on 9/4
@Anonymous Strange, supposed to be a threshold around ~65%.
Will be interesting to see if AoOIA (Age of Oldest Open Installment Account) has a 3 year threshold. Quite possible, but to avoid any conflation, please try to view scores before and after the first without any other changes if possible.
@Anonymous
I lied! I did see a 4 point decrease from 56-71 aggregate UTI. Editing post to reflect that.
@Anonymous , I didn't see much movement in my scores when I reached AGG installment UTL of 65% (from 65.7% to 64.4%) with the exception of a 5,4,2's. My 8s and 9's were at 850 which limited my ability to see with those scores with the exception of EX8 and it didn't move at all.
@Anonymous wrote:@Anonymous
I lied! I did see a 4 point decrease from 56-71 aggregate UTI. Editing post to reflect that.
@Anonymous Probably AAoA. @Trudy With 850s on 8, hard to tell what a burden. 😉. What did you lose on 542?
Keep in mind loans give points over time also. This may reduce or replace what is available at thresholds, idk. Could be the cause of no change.
@Anonymous wrote:
@Trudy With 850s on 8, hard to tell what a burden. 😉. What did you lose (gain) on 542?
Keep in mind loans give points over time also. This may reduce or replace what is available at thresholds, idk. Could be the cause of no change.
5,4,2's:
MTG EQ 0, TU +11, EX +6
BC EQ 0, TU +11, EX +6
AUTO EQ 0, TU +10, EX +6
Sorry, some movement on industry 8's:
BC 8 EQ +8, TU +7, EX +8
AUTO8 EQ +5, TU 0, EX 0