I was expecting a small increase not a decrease...
I know 1 point is not a big deal but I was just wondering how?
The only differences in my credit profile from the previous month is
1. my accounts have all aged 1 month
2. one of my credit cards gave me an auto CLI from 5500 to 8000.
3. My revolving UTI went from 3% to 1% (same 2 out of 9 credit cards from previous month have a balance)
3a. 901.10 on a 10k and 48.00 on the 8k out of 95K total line of credit for cards.
4. My installlment UTI went from 81% to 79%
5. My Mortgage UTI went from 99% to 98%
I don't really care about the point loss since I just refinanced about 4 months ago, just bought an almost new truck 5 months ago and I do not have any potential app'ing in my foreseeable future. Just wondering...
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There are experts on these forums who can explain it better but based on what I've learned here I would not have expected any point change.
- Utilization thresholds are at 8.9%, 28.9%, 48.9%, 68.9% and 88.9% - So, unless you cross one of those thresholds, no score change would occur. That said, there has been some discussion in another thread that a 5% threshold may exist for some scorecards. However, even if it does, it still would not have impacted you.
- Similarly, neither your installment or mortgage utilizations crossed any thresholds
@raisemysc0re wrote:I was expecting a small increase not a decrease...
I know 1 point is not a big deal but I was just wondering how?
The only differences in my credit profile from the previous month is
1. my accounts have all aged 1 month
2. one of my credit cards gave me an auto CLI from 5500 to 8000.
3. My revolving UTI went from 3% to 1% (same 2 out of 9 credit cards from previous month have a balance)
3a. 901.10 on a 10k and 48.00 on the 8k out of 95K total line of credit for cards.
4. My installlment UTI went from 81% to 79%
5. My Mortgage UTI went from 99% to 98%
I don't really care about the point loss since I just refinanced about 4 months ago, just bought an almost new truck 5 months ago and I do not have any potential app'ing in my foreseeable future. Just wondering...
None of the things you mentioned caused a point loss. It's something else.
One point is too small a change to be meaningful, anyway.
For point 3, was there any change in the amount reported for those two cards, last month stmt vs this month stmt?
Yes, they are both less than last month, by about 50% less.
As someone stated, there are experts that could probably help but as SJ stated, 1 pt not much to worry about but I understand. It has to mean something and I'd want to know, just from an educational standpoint. If there are no other changes, scored card change maybe??? But 1pt, not sure or the best situation for a score card change when 1 pt is your only loss.
The only item in the OP profile that likely relates to this is the BK on the file. With a baddie in there, any small score move has a certain randomness to it.
It was already greater than 9% the previous month.
But I guess it is something that I'll never know why and since it is only 1 point... is not enough to care that much...