Just wanted to make a thread documenting my scoring changes. Quick background info, just got furloughed. Because of that, I held on to my cash for the last 6 weeks and let my balances climb while I stocked up on supplies and food as well as buying things for the house while I was still employed. Not sure how bad my scores dropped as I wasn't keeping track. Once I knew what to expect in terms of getting paid, I paid off all my balances.
EX: 626 FICO 8
Scorable inquiries: 5
EQ 633 FICO 8
Scorable inguiries: 7
TU 617 FICO 8
Scorable Inquiries: 8 with 1 becoming unscoreable
AoOA: 21 yrs, 8 mos
AAoA: 6 yrs, 5 mos
AoYA: 2 mos
Auto Loan: 75% utilization
Aggregate Utilization: 66%
Number of cards carrying balance: 18 of 19, 10 over 75% UTI, 9 of which over 80%, 8 of which over 90%
Lates: 6 over 3.5 years old
Chargeoffs: 1 open for $1400 total
Collections: 4 open for $4000
Current CC UTI is 0.36% aggregate, 8% on a single card. Current DTI is 0.09%.
How many points you think I'll get back once all the balances update?
UPDATES
5/2/20 - first account updates. $200 decrease. 65% aggregate, individual card drops from 49% to 0%. 2 of 19 cards at 0 balance.
EX +6 to 632
5/3/20 - first card to update gives me $100 auto CLI. No changes to UTI.
5/6/20 - second card updates to $8 balance because of trailing interest leaving individual UTI at 0.01%. Paid and will ask for mid-cycle update from disco.
EX +4 to 636
TU +1 to 618
5/9/20 Target updated to 0. Aggregate UTI at 54%. 3 of 19 cards at 0 balance for now, should be 4 in a few days, hopefully.
5/10/20 4th card updated from 90+% UTI to 0. Aggregate UTI at 54%. 4 of 19 cards at 0 balance. No score alerts yet.
5/10/20 score updates
EX +0 to 636
TU +14 to 632
EQ +10 to 643
5/14/20 - 4th card updated to all the bureaus along with 5th. UTI still at 54%. 5 of 19 cards at 0 balance. No score change
5/16/20 - 6th card updated leaving a balance of $9 from trailing interest. Aggregate utilization is at 41.5%.
TU +3 to 635
5/18/20 - 7th, 8th, 9th, 10th, and 11th card reporting paid. Aggregate utilization is at 41%
EX +6 to 642
5/20/20 - 12th and 13th card reporting paid.
Aggregate utilization with chargeoff: 37.98%
Aggregate utilization w/o chargeoff: 29.66%
No score changes.
5/21/20 - TU +4 to 639
5/24/20 - 14th and 15th card reporting paid.
Aggregate utilization with chargeoff: 36%
Aggregate utilization w/o chargeoff: 28%
Ex +4 to 646
5/25/20 - 16th revolver and reporting paid.
Aggregate utilization with chargeoff: 19.2%
Aggregate utilization w/o chargeoff: 10.8%
No score changes.
5/26/20 - 17th revolver reporting paid.
Aggregate utilization with chargeoff: 15.49%
Aggregate utilization w/o chargeoff: 7%
No score change
5/28/20 - EX +3 to 649
5/28/20 - pulled new reports. TU is till waiting for 2 balances to report.
EX: 626 -> 649, gain of 23
TU: 617 -> 640, gain of 23
EQ: 633 -> 671, gain of 38
@Remedios wrote:Any of your COs and collection accounts updating regularly?
Only based on utilization, I'd guess around 50, but if they are updating, it's going to be hard to asses how much you gained because update will throttle some of the gains
No, they're not updating. I'll pay them all off after 30 days so they don't interfere with with the utilization updates.
Nice job on tackling that amount of debt in a short period of time. I hope you see a nice little bump from your uti dropping.
Goal Scores: 700 across all three
Edited original post to add DTI, which is 0.09%.
@Brian_Earl_Spilner wrote:Just wanted to make a thread documenting my scoring changes. Quick background info, just got furloughed. Because of that, I held on to my cash for the last 6 weeks and let my balances climb while I stocked up on supplies and food as well as buying things for the house while I was still employed. Not sure how bad my scores dropped as I wasn't keeping track. Once I knew what to expect in terms of getting paid, I paid off all my balances.
EX: 626 FICO 8
Scorable inquiries: 5
EQ 633 FICO 8
Scorable inguiries: 7
TU 617 FICO 8
Scorable Inquiries: 8 with 1 becoming unscoreable
AoOA: 21 yrs, 8 mos
AAoA: 6 yrs, 5 mos
AoYA: 2 mos
Auto Loan: 75% utilization
Aggregate Utilization: 66%
Number of cards carrying balance: 18 of 19, 10 over 75% UTI, 9 of which over 80%, 8 of which over 90%
Lates: 6 over 3.5 years old
Chargeoffs: 2 open for $600 total
Collections: 4 open for $4000
Current CC UTI is 0.36% aggregate, 8% on a single card. Current DTI is 0.09%.
How many points you think I'll get back once all the balances update?
Wow, thanks for doing this in the name of science 
I'm guessing 120 points on average.
@SouthJamaica wrote:
@Brian_Earl_Spilner wrote:Just wanted to make a thread documenting my scoring changes. Quick background info, just got furloughed. Because of that, I held on to my cash for the last 6 weeks and let my balances climb while I stocked up on supplies and food as well as buying things for the house while I was still employed. Not sure how bad my scores dropped as I wasn't keeping track. Once I knew what to expect in terms of getting paid, I paid off all my balances.
EX: 626 FICO 8
Scorable inquiries: 5
EQ 633 FICO 8
Scorable inguiries: 7
TU 617 FICO 8
Scorable Inquiries: 8 with 1 becoming unscoreable
AoOA: 21 yrs, 8 mos
AAoA: 6 yrs, 5 mos
AoYA: 2 mos
Auto Loan: 75% utilization
Aggregate Utilization: 66%
Number of cards carrying balance: 18 of 19, 10 over 75% UTI, 9 of which over 80%, 8 of which over 90%
Lates: 6 over 3.5 years old
Chargeoffs: 2 open for $600 total
Collections: 4 open for $4000
Current CC UTI is 0.36% aggregate, 8% on a single card. Current DTI is 0.09%.
How many points you think I'll get back once all the balances update?
Wow, thanks for doing this in the name of science
I'm guessing 120 points on average.
That's pretty optimistic considering my derogatories. Lol
Pure guess at 50-65 points. Can't wait to see the outcome. I'm curious on the score gain of the 8 maxed out cards.
