83% Total Utilization Down to 19%

[Anonymous]

@LooksAreDeceiving So it appears that would’ve been conflated with the AOYA reset? Because AoYA was zero, or did you suffer the reset separately?

[LooksAreDeceiving]

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@Anonymous wrote:
@LooksAreDeceiving So it appears that would’ve been conflated with the AOYA reset? Because AoYA was zero, or did you suffer the reset separately?

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No, the score drop due to the util increase occurred on 9-27, and the Disco had already been reporting for 2 weeks (9-13).

When Discover did start reporting (which reset my AoYA from 6 months to 0), I lost 15 points (747->732).  I lost a further 86 two weeks later (732->646) when the Propel was maxed.

I monitor my EX FICO 8 daily, and with such a clean, thin file, it's usually fairly easy to figure out what's affecting my scores.

[Anonymous]

@LooksAreDeceiving So you were on a clean/thin/new account scorecard with 10 yr AoOA. May I ask if you had any installment loans open or closed on your CR at that time? (The lack of one makes it even more reactive.)

Ahhhhhh...When I read your first post I missed you had an aggregate utilization of 57%. I was reading it is .57% so I thought it was limited to individual utilization increase. Now I see it was the combined effects of both aggregate and individual thresholds.

[LooksAreDeceiving]

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@Anonymous wrote:
@LooksAreDeceiving So you were on a clean/thin/new account scorecard with 10 yr AoOA. May I ask if you had any installment loans open or closed on your CR at that time? (The lack of one makes it even more reactive.)

Ahhhhhh...When I read your first post I missed you had an aggregate utilization of 57%. I was reading it is .57% so I thought it was limited to individual utilization increase. Now I see it was the combined effects of both aggregate and individual thresholds.

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No loans, just a CC account.

[Thomas_Thumb]

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@LooksAreDeceiving wrote:

With a thin file, I've seen many large score swings due to utilization.  At one point, my EX FICO 8 dropped 86 (732->646) as a result of maxing a single card (.05->.98), which resulted in agg util of .57.

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Yes, those on a clean new credit scorecard with a relatively short credit history (based on AoOA) can see swings of 100 points going from low to very high (above 89% utilization) on multiple individual cards when aggregate utilization also rises sharply (say to above 69%). Multiple posters have mentioned this. The below link includes additional links to posts discussing such a result.

https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/SCORECARDS/m-p/4361047#M102264

P.S. The post in the above link incorrectly suggests scorecards are segmented by average age of account (AAoA). The segmentation factor is age of file which corresponds to age of oldest account (AoOA). The specific age can not be properly validated but, 10 and 12 years have been bantered around as possibilities.

[recoveringfrombk7]

Massive achievement - congrats!

[Anonymous]

@LooksAreDeceiving Having only credit cards and no loans can make the score more reactive, increasing the signal strength of actions as well I believe.

TT isn’t that correct?

[Anonymous]

Results are in:

My new card is not reporting yet so basically it looks like I paid off all my credit cards and brought my highest utilization from upper 90% down to <1% and my total utilization down to under 1%. 

Experian fico 8 went up 22 points

Tranunion fico 8 went up 7 points

Equifax fico 8 went up 46 points

I imagine these will all come down a bit when the new card finally reports. This is very interesting to me because my equifax account is very clearly on a scorecard that isn't as dirty / negative as my transunion and experian reports. I imagine those are on the worst or second worst scorecard.

The biggest difference is an old collection account that updates monthly reports to TU and EX but not EQ. And also my delinquent federal student loans that I'll bring current this year don't report every month to EQ at all. So basically now I know until the student loans and this one particular collection are handled the highest my TU and EX will be is probably 615 or so. 

[donkort]

You have a 692 FICO 9----a harbinger of things to come!

[Anonymous]

Congratulations on your success! 👍