AZEO FICO8 Drop?

[Anonymous]

Hi, I had a small balance on two cards, paid one to $0 and my FICO8 dropped 15 points.  I'm more concerned with my mortgage scores, which I'll get right before I apply, but I'm wondering why my FICO8 dropped.  Here are the details:

I have 9 cards, no loans

No collections 

Total line of credit: $41k

Citi card: $130/$4000

Chase card: $0/$16,700 

The Chase card was at just under $100 before I paid it down.  The next day, my EX FICO8 dropped 15 points.  It's as if EX views the Citi account as $0 and my score dropped for having all $0s.  But I clearly see the $130 still on my report (plus I know I haven't paid it).  

There was literally no other change in any other account.  Any thoughts as to what happened would be appreciated. 

[thornback]

Is 'No Revolving Credit Usage ' now one of your negative reason codes? 

$130/$41K is 0.003% util... so I guess it's possible FICO8 is viewing that as 0%, tho I think that would be unusual. 

[Anonymous]

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@thornback wrote:

Is 'No Revolving Credit Usage ' now one of your negative reason codes? 

$130/$41K is 0.003% util... so I guess it's possible FICO is viewing that as 0%, tho I think that would be unusual. 

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That does sound unusual because my utilization is under 1% and they haven't considered that  my usage 0.

[donkort]

If you have the MyFICO credit reports, you should have your mortgage scores.

[thornback]

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@donkort wrote:

If you have the MyFICO credit reports, you should have your mortgage scores.

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Yes. And if receiving daily EX scores and reports from Experian.com, OP should also have an updated EX mortgage score. 

[donkort]

The mortgage scores (many mortgages funded by Fannie Mae/Freddie Mac use those scores) are:

Experian:       FICO 2

Equifax:         FICO 5

TransUnion:  FICO 4.

Yep.  And the Experian.com site has the FICO 2 score.

[Girlzilla88]

I would be curious to see if you flipped your Citi and Chase to do the AZ method if that would change your outcome?!    

[Girlzilla88]

I know some cards I have noticed even when I had a small balance they did not round up so YMMV they may be like someone said above me that they reported it to 0%

[Anonymous]

I checked my Experian mortgage score; it didn't move at all.  So...

9 cards ($41,400 limit)

2 with balances ($95/$16700 and $130/$4000)

Experian FICO8: 740

Experian FICO2: 734

Paid off the Chase ($95 balance; $0 was reported to CRAs; everything else the same)

Experian FICO08: 725

Experian FICO2: 734

Maybe FICO8 rounds down when utilization is so low, but FICO2 doesn't?  But then why didn't I get a bump for going AZEO on FICO2?  

[Anonymous]

...also, to answer a question earlier in the thread, I do not have a "No revolving credit usage" explanation.