27 point drop in two weeks.

[Anonymous]

Just because my balances went up? Was at 718 now at 693. Good news is that I paid those two cards down (Chase $3400 and $400 OL down to $0, Hooters $580 of $750 down to $0, and HSBC which was holding at $1600 down to $0). So in theory I'll get a hell of a boost when these all report?

Message Edited by Raine on 07-15-2008 10:32 AM

[Anonymous]

yes

[Anonymous]

it dropped because your util went way up. you should get your points back after they report.

[Anonymous]

Yep!  As soon as you pay it down to a lower utility it will go right back up......If you plan on applying for credit at any time wait till your reports reflect 5% or less then apply.

[Anonymous]

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@Anonymous wrote:

Yep!  As soon as you pay it down to a lower utility it will go right back up......If you plan on applying for credit at any time wait till your reports reflect 5% or less then apply.

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Wow it should go WAY up then.

Before the drop balances were about:

$2800 out of $3000
$150 out of $750
$1200 out of $2000k

drops came when:
$3400 out of $3000
$600 out of $750
$1700 out of $2000

plus some AU Lines that may or may not be counted with util (I think they are)

now the three are
$0 of $3000
$0 of $750
$0 of $2000

so way below where I was before the 27 point drop.

[Anonymous]

au lines do count in your util. You SHOULD (but you know how the CRAs are) be higher than before you were bumped down.

[Anonymous]

As far as I can tell, AU's DO count in %. I checked TU Summary they have me at 29% whereas my personal cards with $6k total CL are close too 100% (well, were, PIF so 0%).  So I have at least $20k considered as my line which would make sense with AUs.

[haulingthescoreup]

Yes, there's not a bit of difference in how AU accounts are treated and scored for the time being. They're just like your own accounts.

[Anonymous]

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@haulingthescoreup wrote:
Yes, there's not a bit of difference in how AU accounts are treated and scored for the time being. They're just like your own accounts.

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I think it will be like that for quite some time. The question is, which if any creditors have their own scoring model when they pull these, i.e. do any post-parse the score based on AUs?

I personally think not. Which is too bad, as if I had not had a baddie on my Experian, I don't think Chase would have done 7-10 day manual review, would not have caught the AUs, or the high util on my personal cards only or the fact my highest personal line was $3k versus $20k for AU.

[freedom55]

What does Util stand for?