Credit mix weirdness

[Remedios]

So, on 04/01 my scores were EX 760, TU 759, EQ 775, utilization on revolving accounts 6%

After the loan reported next week, EX had a spasm to 746  -14, TU -3, EQ -5, ending up with 

EX 746, TU 756, EQ 770

That's not the weird part.

The weird part was, once cards reported new balances, bringing utilization to rounded 2%, I've gained points on EQ, 4 to be exact, and 2 on TU. EX did not budge.

The weird part is that prior to having an active loan, I could go from 1% to 9% aggregate without a single point change ( I dont exceed 29% on individual cards). 

So, in a nutshell, I gained points I didnt previously lost with identical changes.

My utilization in the previous months stayed within same percentage, I did not lose anything for going 1% to 6%, nor did I gain any when paid down to 1% or 2%

That's only FICO 8 classic, I did not pay attention to industry scores, or older neurotic ones. 

[Trudy]

My guess would be a scorecard change.

[Anonymous]

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@Remedios wrote:

So, on 04/01 my scores were EX 760, TU 759, EQ 775, utilization on revolving accounts 6%

After the loan reported next week, EX had a spasm to 746  -14, TU -3, EQ -5, ending up with 

EX 746, TU 756, EQ 770

That's not the weird part.

The weird part was, once cards reported new balances, bringing utilization to rounded 2%, I've gained points on EQ, 4 to be exact, and 2 on TU. EX did not budge.

I gain +3 EQ, +1 TU for dropping to the (0,4]% interval.

But you don't lose the points when going back above 4...that's very weird.

[Remedios]

@Anonymous  up until maybe a year ago, difference between 3% and anything above but still below 9% was 1 point on EX, other two saw  no change. 

In this instance, I'm not sure what to attribute a change in how it "looks" at utilization. It's almost as if was scoring overall debt reduction.

I lost no points when I went from 2% to 6%, but after the loan showed up, I gained points I didnt lose as balances started going down.

We can safely ignore aging , as those points returned after cards with balances reported new balances, and because all the points weren't gained all at once. 

Number of cards reporting balances stayed the same, 4 out of 14. 

No clue, I really dont track them as vigorously as I once did, I just found that change rather odd, because my profile is one of those "I'm stuck, no loss, no gain" probably due to excessive credit seeking, without lengthy period of time between new accounts. 

[Anonymous]

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@Remedios wrote:

@Anonymous  up until maybe a year ago, difference between 3% and anything above but still below 9% was 1 point on EX, other two saw  no change. 

I lost no points when I went from 2% to 6%, but after the loan showed up, I gained points I didnt lose as balances started going down.

It could be the presence of a loan. I've always had a closed installment loan reporting - it reported closed the same month my first 2 cards showed up. If you lose points above 4% next time, with the loan on file, we'll know.

[Remedios]

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@Anonymous wrote:

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@Remedios wrote:

@Anonymous  up until maybe a year ago, difference between 3% and anything above but still below 9% was 1 point on EX, other two saw  no change. 

I lost no points when I went from 2% to 6%, but after the loan showed up, I gained points I didnt lose as balances started going down.

It could be the presence of a loan. I've always had a closed installment loan reporting - it reported closed the same month my first 2 cards showed up. If you lose points above 4% next time, with the loan on file, we'll know.

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We will find out soon enough. I'm hoping to keep number of the cards reporting the same, dont want to muck results.

If you have no open loans, watch your industry score (auto) drop at exactly two years since it closed. 10 points in my case. They came back now, with brand new loan reporting 🤦‍♀️

This is why I gave up on scoring minutiae, it makes me feel like vodka is the answer to all the questions 

[Anonymous]

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@Remedios wrote:

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If you have no open loans, watch your industry score (auto) drop at exactly two years since it closed. 10 points in my case. They came back now, with brand new loan reporting 🤦‍♀️

That will be my Christmas present then - it's 8 months away.

This is why I gave up on scoring minutiae, it makes me feel like vodka is the answer to all the questions 

Well, I have pondered this question while on my many walks of shame Sunday strolls and I can say without a doubt that the answer is simply....yeah, no.

[Anonymous]

What is the B/L on the loan? And that’s your only open loan correct? Do you have any closed loans on your file? I’m assuming you do.

I don’t see how it could be a scorecard reassignment because you remained clean thick aged with new new revolvers under 12 months right? Got to have something to do with the loan utilization, would be my hypothesis.

[Remedios]

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@Anonymous wrote:
What is the B/L on the loan? And that’s your only open loan correct? Do you have any closed loans on your file? I’m assuming you do.

I don’t see how it could be a scorecard reassignment because you remained clean thick aged with new new revolvers under 12 months right? Got to have something to do with the loan utilization, would be my hypothesis.

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Loan reported fully utilized, 100%

Several paid off auto loans, two paid mortgages. 

Utilization is the usual suspect, but...

I always go from 6%-7% at the beginning of the month, ending up around  1%-2% after 17th. I dont lose (or I should say I didnt) lose points when going from 2% to 6%, and I didnt gain them from dropping back to rounded 1%. 

Loan reported, points were lost, but as cards started reporting lower balances, points on EQ and TU started "coming back", except...I didn't lose them in a first place. Loan balance remained the same throughout.  I know that saying "overall debt reduction" sounds like science fiction, but I dont know what to attribute gains to. 

Here is another interesting tidbit,  I just had a card report $7.00. Needless to say, no utilization changes, but I lost one point on TU. I'm going on a limb  with "number of cards with balances" except (yes, more except), that also didnt happen before. I could go up to 50% of cards reporting without a change. 

With addition of that card reporting, I'm at 3 out of 13 reporting. 

Can I please have my old boring profile back! 

[Remedios]

Maybe I got sent to "She's hopeless" scorecard, or " Abandon all hope ye who enter here"

Three new accounts in November, one in January. Wasnt my fault, it just happened like that.