17 point decrease for utilization going down to 0

[Anonymous]

This makes no sense. Why would it lower 17 points?

[Anonymous]

You need to keep a small balance on one card.  1-9% of that card's CL.

[Anonymous]

I got a alert yesterday from myfico, so i log in to find out that my exp score has dropped by 11 points. so i pay the money to pull a new report and go through it to find out it was because my credit cards all reported zero for the month.  kinda backward thinking to me, scoring seems like a game that has to be played in order to get better scores

[jbsea]

yep, but the thing about this game is everyone here is willing to help. 

[Anonymous]

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@Anonymous wrote:

I got a alert yesterday from myfico, so i log in to find out that my exp score has dropped by 11 points. so i pay the money to pull a new report and go through it to find out it was because my credit cards all reported zero for the month.  kinda backward thinking to me, "scoring seems like a game that has to be played in order to get better scores"

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+850 (or +300, depending on who you are.) 

[gdale6]

As stated you have to keep a small balance at all times reported to the CRA on one card or you get dinged for using 0 credit. As soon as you let 1 card report this balance the points will be regained.

[surferchris]

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@Anonymous wrote:

I got a alert yesterday from myfico, so i log in to find out that my exp score has dropped by 11 points. so i pay the money to pull a new report and go through it to find out it was because my credit cards all reported zero for the month.  kinda backward thinking to me, scoring seems like a game that has to be played in order to get better scores

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LOL, I know and I agree that it is annoying.  The good news is that utilization can be easily manipulated for success with things like mortgage apps, car loan apps and cc app sprees.

[Anonymous]

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@surferchris wrote:

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@Anonymous wrote:

I got a alert yesterday from myfico, so i log in to find out that my exp score has dropped by 11 points. so i pay the money to pull a new report and go through it to find out it was because my credit cards all reported zero for the month.  kinda backward thinking to me, scoring seems like a game that has to be played in order to get better scores

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LOL, I know and I agree that it is annoying.  The good news is that utilization can be easily manipulated for success with things like mortgage apps, car loan apps and cc app sprees.

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Agreed.

[Anonymous]

Alright, thank you everyone. I appreciate it. 

[Imhotrodcrazy]

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@Anonymous wrote:

This makes no sense. Why would it lower 17 points?

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I feel your pain,  when I mess up and all accounts are "0",  I loose 12-18  points.  And as some believe,  I don't get all of mine back on the next reporting of only one card with <1%.  It has been 3 months and I still have not received all of my points back  on EX and TU, and nothing else has changed on the reports other than util.