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Difference between 0% util and 1% EQ Fico 08

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Established Contributor

Difference between 0% util and 1% EQ Fico 08

When my accounts posted with 0% util my score became 655 then a small change happened unknown raised it to 660 yesterday with $1 posting on my DCU card today my score is now a 687.

 

So for myself the difference between using 0% credit and 1% is 27 points.

 

Which is pretty crazy really that can be the difference between not good and good credit.

 

Figured I would share.

EQ04 675, EQ08 676, EX08 719, TU08 703 $12704.75/$123050 Revolving Credit (All 0% or 1.99%) - In Garden Since 5/25/2016

Last negative item should fall off in July 2017.
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Frequent Contributor

Re: Difference between 0% util and 1% EQ Fico 08

I noticed that also.  Great question

Current FICO 08 as of 06/01/2015 TU 648 EQ 624 EX 602
FICO Mortgage Scores TU 594 EQ 540 EX 642

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Frequent Contributor

Re: Difference between 0% util and 1% EQ Fico 08

I think it depends on which CRA though.  I beleive one of them prefer to see 0% utilization and the other two want to see some % of utilization to prove that you are actively and responsibly using your credit.

Starting Score: 573 (EX Faco) | Current Scores: EX(Fico) 674, EQ(Fico) 668, TU(Fico) 691
Message 3 of 5
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Valued Member

Re: Difference between 0% util and 1% EQ Fico 08

thanks so much for posting this. i have 5 cards i payed down all the balance and free up 2000 dollars in available credit which only gave me a boost of 8 points on eq  3 points on trans and 17 on ex, i just charged 80 dollars on one of my cards and hopefully i get a bump like yours.

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Valued Contributor

Re: Difference between 0% util and 1% EQ Fico 08

I lost 13 points on my EQ 08 score by letting all cards report $0.00. 

Cap 1 - $23,000 / Barclay Apple Rewards - $8,600 / Lowe’s - $17,000 / Cap 1 - $15,000 / Walmart - $15,000
Cap 1 - $12,000 / PenFed - $10,000 / JC Penney - $10,000 / Discover IT - $9700 / Discover IT - $7500
NFCU - $8800 / Barclay Rewards - $3200 / DCU - $5,000 / Merrick - $2400 / Best Buy - $4000 / Macy's - $2000 - Total - $153200
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