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57% Account --> 0, EX FICO 8 --> +10

Your FICO® Scores can impact your loan interest rates, terms, approvals and more.
Super Contributor

57% Account --> 0, EX FICO 8 --> +10

My highest utilization revolving account dropped from 57% to zero.  This caused drops in (a) number of accounts with balances from 10/32 to 9/32, and (b) overall utilization from rounded 8% to rounded 7%. I still have one account at > 30% (32%).

 

Effect on several EX FICO scores:

 

EX FICO 8                      +10

EX FICO Auto 8             +12

EX FICO Bankcard 8    +11

EX FICO 2                      +-0



FICO8 EQ 749 TU 773 EX 743 Total revolving limits 670800 (559800 reporting)
16 REPLIES 16
Valued Contributor

Re: 57% Account --> 0, EX FICO 8 --> +10

Congrats on boost, always nice to get some points. I would think it would be a little higher but I guess over utilization is the bigger factor? 

 

FICO clear as mud😯

NFCU PLAT 20K NFCU CR 15K NFCU AMEX 10K PENFED PROMISE 10K PENFED GOLD 10K BBVA COMPASS 7.5K CITI SIMPLICITY 4.3K DISCOVER 2.4K AMEX BC 3K AMEX MAGNET 1K AMEX ED 1K AMEX HILTON 1K. CARECREDIT 25K AMAZON 10K WALMART 10K MACYS 25K WAYFAIR 22.5K MARVEL 4.5K AU LOWES 35K IKEA 6K
Message 2 of 17
Super Contributor

Re: 57% Account --> 0, EX FICO 8 --> +10


@Jnbmom wrote:

Congrats on boost, always nice to get some points. I would think it would be a little higher but I guess over utilization is the bigger factor? 

 

FICO clear as mud😯


Just edited my post to mention that I still do have one account >30% (32%).



FICO8 EQ 749 TU 773 EX 743 Total revolving limits 670800 (559800 reporting)
Message 3 of 17
Super Contributor

Re: 57% Account --> 0, EX FICO 8 --> +10

That sounds about right.  I was thinking more like 7-8 points in crossing the 48.9% threshold on an individual card while keeping aggregate utilization in the same (ideal) range. 

 

Looking back at my data, in going from 59% highest card utilization to 24% highest card utilization, I only gained 8 points on EX FICO 8 and that was of course with crossing 2 potential thresholds.  The difference though was that it was the same card going from 59% to 24%, so I did not have one fewer account with a balance.

 

 

Message 4 of 17
Super Contributor

Re: 57% Account --> 0, EX FICO 8 --> +10


@BrutalBodyShots wrote:

That sounds about right.  I was thinking more like 7-8 points in crossing the 48.9% threshold on an individual card while keeping aggregate utilization in the same (ideal) range. 

 

Looking back at my data, in going from 59% highest card utilization to 24% highest card utilization, I only gained 8 points on EX FICO 8 and that was of course with crossing 2 potential thresholds.  The difference though was that it was the same card going from 59% to 24%, so I did not have one fewer account with a balance.

 

 


It's possible that my profile reacts more vigorously than more seasoned ones to utilization events because of its somewhat extreme newness (AAoA, AoYA, inquiries).



FICO8 EQ 749 TU 773 EX 743 Total revolving limits 670800 (559800 reporting)
Message 5 of 17
Super Contributor

Re: 57% Account --> 0, EX FICO 8 --> +10

That may definitely be the case, as these things are always very profile-specific.

Message 6 of 17
Senior Contributor

Re: 57% Account --> 0, EX FICO 8 --> +10


@BrutalBodyShots wrote:

That sounds about right.  I was thinking more like 7-8 points in crossing the 48.9% threshold on an individual card while keeping aggregate utilization in the same (ideal) range. 

 

Looking back at my data, in going from 59% highest card utilization to 24% highest card utilization, I only gained 8 points on EX FICO 8 and that was of course with crossing 2 potential thresholds.  The difference though was that it was the same card going from 59% to 24%, so I did not have one fewer account with a balance.

 


SJ, I suspect your profile is more sensitive given you have a few accounts under 12 months age. Age of youngest account(s) is a scorecard assignment factor. I know the young/thin scorecard reacts more strongly to individual card utilization(s).

 

Although this may not be relevent in your case - I have also wondered if a "new" account reporting a high utilization could have more signal strength than an "established" account reporting the same high utilization. In other words could a "new" 3 month old account reporting a high utilization be viewed as higher risk than a "seasoned", 10 year old account?

 

BTW -  How many cards were reporting balances before vs after the score update and how many reporting were above 29% UT before/after? Perhaps # accounts dropping below a given UT% threshold can influence score (outside the influence on aggrwegte utiliztion). 

 

 

Fico 8: .......EQ 850 TU 850 EX 850
Fico 9: .......EQ 850 TU 850 EX 850
Fico 4 .....:. EQ 809 TU 823 EX 830 EX Fico 98: 842
VS 3.0:...... EQ 835 TU 835 EX 835
Fico 8 BC:. EQ 892 TU 900 EX 900
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950
Message 7 of 17
Frequent Contributor

Re: 57% Account --> 0, EX FICO 8 --> +10

Data points: I made a single charge on an established revolver, brought me to 56% util on that card, 13-14% aggregate, well....-15 TU, -14 EX, -16 EQ. All other revolvers <10%, except one at 19%..... Paid a couple small balance revolvers to 0 and paid 56% revolver to 29%. So all revolvers reporting 0%, except the 29% revolver, the 19% revolver and one revolver reporting 8%. (The 8% revolver reports to EQ and EX only.) After payment, +13 TU, +14 EX, and +11 EQ.









Considering BBVA and 5% cards.
Message 8 of 17
Super Contributor

Re: 57% Account --> 0, EX FICO 8 --> +10


@Thomas_Thumb wrote:

@BrutalBodyShots wrote:

That sounds about right.  I was thinking more like 7-8 points in crossing the 48.9% threshold on an individual card while keeping aggregate utilization in the same (ideal) range. 

 

Looking back at my data, in going from 59% highest card utilization to 24% highest card utilization, I only gained 8 points on EX FICO 8 and that was of course with crossing 2 potential thresholds.  The difference though was that it was the same card going from 59% to 24%, so I did not have one fewer account with a balance.

 


SJ, I suspect your profile is more sensitive given you have a few accounts under 12 months age. Age of youngest account(s) is a scorecard assignment factor. I know the young/thin scorecard reacts more strongly to individual card utilization(s).

 

Although this may not be relevent in your case - I have also wondered if a "new" account reporting a high utilization could have more signal strength than an "established" account reporting the same high utilization. In other words could a "new" 3 month old account reporting a high utilization be viewed as higher risk than a "seasoned", 10 year old account?

 

BTW -  How many cards were reporting balances before vs after the score update

 

10/32 vs 9/32

 

and how many reporting were above 29% UT before/after?

 

2 vs 1

 

Perhaps # accounts dropping below a given UT% threshold can influence score (outside the influence on aggrwegte utiliztion). 

 

 


 



FICO8 EQ 749 TU 773 EX 743 Total revolving limits 670800 (559800 reporting)
Message 9 of 17
Senior Contributor

Re: 57% Account --> 0, EX FICO 8 --> +10

Thanks for the additional info.

The magnitude of score shift seems to be pointing toward scorecard assignment/profile as an influencing factor.

Fico 8: .......EQ 850 TU 850 EX 850
Fico 9: .......EQ 850 TU 850 EX 850
Fico 4 .....:. EQ 809 TU 823 EX 830 EX Fico 98: 842
VS 3.0:...... EQ 835 TU 835 EX 835
Fico 8 BC:. EQ 892 TU 900 EX 900
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950
Message 10 of 17