Good Day All,
Data Point: A few things I noticed from reports pulled within a month of each other. The only change was I allowed 4 cards (thought it was going to be 2) to report a balance plus balances on my mortgage, auto and line of credit. Went from 4 total accounts reporting to 7. No other major changes. Balance for revolving credit from April to May's report showed a reduction of $452. Revolving credit total and single not greater than 2% in April went to 1% in May.
ALL = EQ and TU as a 90+ late fell off EX early and drove those scores up (YAY!!!)
- All FICO 8 models either stayed the same or increase slightly
- All 5,4,2 models (mortgage, auto and CC) took a hit with TU the biggest, -20 pts mtg, -21 pts auto, - 18 pts CC
- All 9 models took a lsight hit with EQ taking the biggest across the board
Questions: In review of my FICO report:
- Does a missing checkmark or a dash mean this is not an issue for that CRA?
- EQ shows not established long revolving with older acct 22+ yrs and youngest 1.7 yrs, AAoA 12.2 yrs
- Any known thresholds for revolving credit as it state I made heavy use. I've been below 8% individually since 01/2018 an aggregate since 9/2017.
