I am still trying to understand what are the normal causes for my equifax score to go up and down. I am sort of at an loss here, my score took an little ding.Score Watch says i made heavy use of my debt. Its second time this week then my score decreased because i paid off an balance that reported paid in full. I still have another account reporting about 15% for utilization purposes. I am confused should i just have multiple cards reporting or is it still beneficial to have just one card reporting with all other cards being PIF?
@Anonymous wrote:What is you score? Sometimes, the higher your score the weirder scoring gets.
You are dinged for too many cards reporting a balance or for too many reporting a non balance.
score isn't really that high around the 730 range. i got dinged twice for two points each this month when i pif my amex and cap one cards. I am at an loss, was trying to clean up my cr to get ready for an mini app spree, was going to go for amex bcp, freedom, and discover it
@azguy13 wrote:EQ has always been the most funky for me and it has ALWAYS been my lowest score. For some reason, from top to bottom it is always EX, TU, and then EQ
right now eq is the highest for me the last time i checked that is, when everything reports this week , i am going to pull experian to see what scores i am looking at right now since both chase and amex pull experian i think. its the little dings for unknown reasons i am an bit scared of because in the end those little dings add up :-(
@Anonymous wrote:IMO, anything over 700 is when things start getting harder with the scores.
Have you tried leaving all but one reporting 0 and the other at 9% or below? This is typically for optimum scoring during rebuilding but, some that are not also use it.
If you have time to wait for the app spree, I would do that.
that is what i have been trying to do , everytime i have paid off an card to zero i got dinged, i have only one card reporting at the moment. its an au WF card i have with my mother. and its at about 15 % util. I don't know if i paid in time to get it under 10% yesterday, statement is supposed to cut on the 23 so we shall see.
@Anonymous wrote:They say high achievers utilization is typically around 7%.
At this point I would try everything lol. Let all your cards report a tiny balance and if that doesn't work try something else. At least with utilization you control it.
i guess i will have to try that if this doesn't work. What i don't understand is scorewatch saying i made heavy use of revolving debt. If i am paying off my bill in full how is that making heavy use of revolving debt i don't get it. My overall debt usage is at around 8%. I will just wait for my wellsfargo card to report on monday and pull experian and see what it says. Another thing i am quite confused about when it says "you have few accounts in good standing" how many accounts equals few accounts. Right now i think i have around 6 or 7 accounts that are all in good standing, is that not enough ?