@Anonymous wrote:With daily score/report updates though, he's able to tell if a data point is clean or not. If only 1 account [reporting] changes in 24 hours and the score changes, the score change was directly related to the 1 account changing. If 2 accounts change in 24 hours, it deems the score change inconclusive due to multiple variables existing.
I wouldn't be reporting these score changes if I didn't have a very high degree of confidence that the score change was attributable to a certain overnight change in the report data.
Although it hasn't happened yet, I can conceive of a scenario where I might have a very high degree of confidence that the triggering data change encompassed more than one account, in which case I would of course spell that out.
@HeavenOhio wrote:
@SouthJamaica wrote:
@HeavenOhio wrote:
@SouthJamaica wrote:Can 12/30 (or 40%) cards reporting a balance be a magic number for me? Somehow, I doubt that
dropping from 13 to 12 cards reporting a balance would move my scores to that degree.
How often do you get these scores? If you get these scores frequently and you have a Chase or Discover card available for testing, you can take advantage of the fact that they'll report whenever you call in and ask them to.
Charge something, request that the balance be reported, pay the card to zero, and request that the balance be reported again. If you can pull off the test within a relatively short time span, you might be able to avoid the many moving parts that would be going on in your profile.
That's the thing, I now have daily realtime access to my EX reports, as well as to 4 EX scores (FICO 2, FICO 8, FICO Bankcard 8, FICO Auto 8). So I'm getting clean readings.
It's always a better test when you're able to replicate a result.
Sometimes that's hard, such as when BBS asked about a possible 78-month AAoA threshold on some Experian scorecards. I happened to land in a strange situation where I crossed that threshold three times in less than five months. That added a lot to support his hypothesis.
Your situation should be pretty easy to replicate, though, especially with daily updates and access to Chase or Discover cards.
For me, it wouldn't be easy.
Today I dropped another 23% revolver down to zero, moving overall utilization from rounded 9% to rounded 8%.
Incredibly, gain in FICO 8 was exactly 7 points.
Interestingly, negative reason code "High Revolving Balances" disappeared, even though I have several high balances, including a 32%-er and a 57%-er.
@Anonymous wrote:It would seem then that the high revolving balances reason statement is not at all tied to your highest utilization card(s) as those remained a constant here. I guess that means it isolates that reason statement down to aggregate utilization percentage, or possibly overall debt dollars for those that believe they may matter.
Yeah, I'm surprised it would go away when there are multiple > 30% accounts.
This day to day reporting of EX is really handy; it gives added insight into the algorithms, almost as if each has a personality.
E.g., FICO 2 cares a lot about number of accounts with balances and doesn't care much about overall utilization, while FICO 8 is glued to overall utilization and mostly indifferent to number of accounts with balances. And FICO 8 said 'ok you've got it down to 11 accounts, that's good enough for me', while FICO 2 said 'you've still got 11 accounts with balances, that's still too much for me'.
And the two sisters don't seem to talk to each other much.
What are the specific dollar amounts involved for each on the three cards listed? Larger dollar amounts can outweigh toy limits.
@NRB525 wrote:
What are the specific dollar amounts involved for each on the three cards listed? Larger dollar amounts can outweigh toy limits.
The revolver which dropped from 23% to 0 is a 10k account.
The revolver which is at 57% is a 15k account.
The revolver which is at 32% is a 20k account.
Ok, can you provide the specific calculation of “ rounded 9” and “rounded 8” on overall utilization? What is the exact percentage?