Crossing UTL Thresholds & Score Points

[Anonymous]

I have read many times about the 8.9%, 28.9%, 48.9%, 68.9% & 88.9% thresholds. I should be dropping below the 48.9% threshold early next month.

Can anyone advise how much of a score difference I can expect? The suspense is killing me. 

[FireMedic1]

This is brought up a lot. I remebered this post ThomasThumb posted in to a question with a chart. Its pretty cool. You posted what you will be next month. Though it depends on what percentage are you now? How much of a drop are you going to do. Chart will give a close idea. But like a fingerprint. No one has a identical profile. And YMMV.

[Anonymous]

Thank you for the info.. I am currently at 55% and will report at 42% in early September.. should be under the 28.9% by early November.. I will be excited if I can at least get a 670 with the 13% decrease although I’m sure my TransUnion won’t jump that much.. I’ll settle for 2 out of 3 

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@FireMedic1 wrote:

This is brought up a lot. I remebered this post ThomasThumb posted in to a question with a chart. Its pretty cool. You posted what you will be next month. Though it depends on what percentage are you know? How much of a drop are you going to do. Chart will give a close idea. But like a fingerprint. No one has a identical profile. And YMMV.

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[FireMedic1]

Well by the chart you may get 10-15 points out of the new %. Biggest will be after you get below 8.99%. GL!

[Anonymous]

Folks here would need to know about your derogs.  A person with a completely clean report would get more benefit than someone who has some substantial baddies.

Also need to know if you have any cards at 69% or higher.(individually).

[Anonymous]

When talking the crossing of aggregate utilization thresholds, my general ballpark shooting from the hip estimation is around 20 points per threshold.  There are a ton of profile factors that can impact that, so it could be 10-15 points or it could be as much as 30 points no doubt.  Highest individual card balance is a factor as well, as CGID references above.  Number of cards with a balance can also be a factor.  For example, someone may have exactly 5 credit cards.  One has a $20k limit and the other 4 each have a $500 limit.  This person could have a $19k balance on the $20k card and $0 balances on the 4 small $500 limit cards.  His aggregate utilization is maxed out for scoring purposes.  If he were to have $400 balances on each of his $500 cards as well, it's really not going to change his aggregate utilization much at all.  In fact, in terms of FICO scoring the aggregate utilization change here is a non-factor.  The difference, though, is that in the first example the person is at 20% (1 of 5) cards with a balance where in the second example they're at 100% (5 of 5) cards with a balance.  This difference can constitute another (say) 15-20 points of scoring variance.  I bring this up as it's another important factor to consider outside of just aggregate utilization change and highest individual card with a balance.

[Thomas_Thumb]

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@Anonymous wrote:

Thank you for the info.. I am currently at 55% and will report at 42% in early September.. should be under the 28.9% by early November.. I will be excited if I can at least get a 670 with the 13% decrease although I’m sure my TransUnion won’t jump that much.. I’ll settle for 2 out of 3  

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@FireMedic1 wrote:

This is brought up a lot. I remebered this post ThomasThumb posted in to a question with a chart. Its pretty cool. You posted what you will be next month. Though it depends on what percentage are you know? How much of a drop are you going to do. Chart will give a close idea. But like a fingerprint. No one has a identical profile. And YMMV.

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Note: The above graph was generated from tabular data from another poster for a clean profile with one credit card so (Aggregate utilization) = (Highest card utilization) and # cards reporting balances is obviously fixed at one. Thus, the three attributes (AG UT, Card UT and # cards reporting) are completely dependent factors in this case.

The amount of score drop is both profile and threshold dependent. The graph is primarily to illustrate thresholds as opposed to any specific magnitude of score change crossing thresholds.

[tcbofade]

That IS an awesome chart... I'm about to cross several thresholds over the next 45 days or so, and cannot WAIT to see some Fico8 score improvement.

Current utilization is reporting at 64%, no accounts maxed out, but several over 69%.

On or before 10 September, my overall utilization will drop to 26% crossing TWO thresholds! 

On or before 01 October, I'll have NO accounts reporting over 69%, crossing a third.

Is it October yet?