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EX Fico-8 Score decreased by 1 point?

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Regular Contributor

EX Fico-8 Score decreased by 1 point?

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...

Chapter-13 filed 11/13 discharged 06/16
Starting MyFico Scores 09/16 - (EQ 630 | TU 581 | EX 592)
Current Scores 1/18 - (EQ 722| TU 690 | EX 718)

| | | | | | |
----$4,150 ---- | --- $28,000 --- | --- $18,100 --- | ---- $9,000 --- | --- $10,000 --- | --- $10,000 -- | ---- $2,500 ---- | --- $8,000 ---
Message 1 of 10
9 REPLIES 9
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Frequent Contributor

Re: EX Fico-8 Score decreased by 1 point?

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

Message 2 of 10
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Super Contributor

Re: EX Fico-8 Score decreased by 1 point?


@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.

 

 


Total revolving limits 649500 (568000 reporting)
FICO 8's EQ 710 TU 733 EX 717



Message 3 of 10
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Super Contributor

Re: EX Fico-8 Score decreased by 1 point?

For point 3, was there any change in the amount reported for those two cards, last month stmt vs this month stmt?

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
Message 4 of 10
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Regular Contributor

Re: EX Fico-8 Score decreased by 1 point?

Yes, they are both less than last month, by about 50% less.

 

Chapter-13 filed 11/13 discharged 06/16
Starting MyFico Scores 09/16 - (EQ 630 | TU 581 | EX 592)
Current Scores 1/18 - (EQ 722| TU 690 | EX 718)

| | | | | | |
----$4,150 ---- | --- $28,000 --- | --- $18,100 --- | ---- $9,000 --- | --- $10,000 --- | --- $10,000 -- | ---- $2,500 ---- | --- $8,000 ---
Message 5 of 10
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Established Contributor

Re: EX Fico-8 Score decreased by 1 point?

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. 



FICO 8 as of 02/05/20
FICO 9 as of 02/08/20
AoOA - 23Y11M | AAoA - 11Y9M | AoYA - 0Y5M
Open: 8 CC | 2 RC | 1 PLOC | 1 MTG loan | 1 Auto loan
Closed: 1 MTG loan | 1 Auto loan | 2 RC
Message 6 of 10
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Super Contributor

Re: EX Fico-8 Score decreased by 1 point?

I agree with SJ.  None of the things listed in the original post would have caused a score drop.

Message 7 of 10
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Super Contributor

Re: EX Fico-8 Score decreased by 1 point?

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.

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
Message 8 of 10
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Established Contributor

Re: EX Fico-8 Score decreased by 1 point?


@raisemysc0re wrote:

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.

Could it be from individual utilization on that 10k card being greater than 9%? ( 901.10 / 10,000 = 9.011% )

27 FICO Scores + 3 VS3. MTG (Mortgage), AUT (Auto), and BKC (Bankcard) are scores 5,4, and 2 from the top.

Testing aggregate utilization greater than 8.99% but less than 9.00%. It's treated the same as 9.00%.

Message 9 of 10
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Regular Contributor

Re: EX Fico-8 Score decreased by 1 point?

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...

Chapter-13 filed 11/13 discharged 06/16
Starting MyFico Scores 09/16 - (EQ 630 | TU 581 | EX 592)
Current Scores 1/18 - (EQ 722| TU 690 | EX 718)

| | | | | | |
----$4,150 ---- | --- $28,000 --- | --- $18,100 --- | ---- $9,000 --- | --- $10,000 --- | --- $10,000 -- | ---- $2,500 ---- | --- $8,000 ---
Message 10 of 10
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