Experian FICO 9 Dropped After CLI

[Anonymous]

I checked my Experian FICO 9 score provided by WF, and noticed there was a 12 point drop from Jan 26 to Feb 5. I'm not sure why.

I haven't applied for any new cards, loans, or requested a CLI that would result in a hard pull. 

My total balances owed decreased, as well as utilization.

I have not closed any accounts.

No missed payment.

The only thing that changed was an automatic CLI from target, but that did not require a hard pull. Are there any other factors I could be missing that would cause a 12 point drop? Is there some reason an auto CLI would hurt my FICO 9 score?

EDIT: To clarify, 4 cards are reporting a balance, although one is the Amex Gold. The CFU, RedCard, and Propel have a total balance of about $120 at the time the score was provided (Feb 18). Utilization is rounded down to zero. 

[Anonymous]

Only thing I could possibly think of is utilization? Maybe. If your CR's are reporting 0% 

[Anonymous]

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@Anonymous wrote:

Only thing I could possibly think of is utilization? Maybe. If your CR's are reporting 0% 

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I went ahead and signed up for Experian. It is showing 0% utilization reported as of today.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

Only thing I could possibly think of is utilization? Maybe. If your CR's are reporting 0% 

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I went ahead and signed up for Experian. It is showing 0% utilization reported as of today.

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That would explain your point drop! No worries, once you put a small balance on one of your cards and let report when your next statement cuts, your score will rise again if everything else on your CR remains the same.

[Nomad3]

+1

Always report a balance on at least one card, even if only $25. Reporting 0% on all cards means you aren't using your credit so you _must_ be risky

[SouthJamaica]

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@Anonymous wrote:

I checked my Experian FICO 9 score provided by WF, and noticed there was a 12 point drop from Jan 26 to Feb 5. I'm not sure why.

I haven't applied for any new cards, loans, or requested a CLI that would result in a hard pull. 

My total balances owed decreased, as well as utilization.

I have not closed any accounts.

No missed payment.

The only thing that changed was an automatic CLI from target, but that did not require a hard pull. Are there any other factors I could be missing that would cause a 12 point drop? Is there some reason an auto CLI would hurt my FICO 9 score?

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You haven't provided us with any information which would suggest a reason for a score change. Of course there may be many factors you are missing.

No the CLI would not affect your score.

[SouthJamaica]

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@Anonymous wrote:

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@Anonymous wrote:

Only thing I could possibly think of is utilization? Maybe. If your CR's are reporting 0% 

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I went ahead and signed up for Experian. It is showing 0% utilization reported as of today.

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Is it (a) the aggregrate balance being rounded down to 0%, or (b) all revolving accounts reporting actual zero balances?

If the former, that would not account for a score drop; if the latter, yes that could account for the score drop.

[AllZero]

Congratulations! You've discovered the All Zero Easter Egg penalty points.

As mentioned up thread, report a small balance to regain lost points.

[Anonymous]

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@Anonymous wrote:

I checked my Experian FICO 9 score provided by WF, and noticed there was a 12 point drop from Jan 26 to Feb 5. I'm not sure why.

I haven't applied for any new cards, loans, or requested a CLI that would result in a hard pull. 

My total balances owed decreased, as well as utilization.

I have not closed any accounts.

No missed payment.

The only thing that changed was an automatic CLI from target, but that did not require a hard pull. Are there any other factors I could be missing that would cause a 12 point drop? Is there some reason an auto CLI would hurt my FICO 9 score?

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Is the aging in your signature current? I see AoOA 2yrs 11mos. There is a chance that your score dropped at AoOA 3yrs 0mos.

I saw this happen with EX 2 scores at 2yrs 0mos, but also AoYA 1yr 0mo at the same time.

EDIT  TO ADD: Front-ends will always round down when FICO is rounding up! 0.5% utilization will show as 1% in many front-ends, but 0.3 will show as 0%.

[Anonymous]

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@Nomad3 wrote:

+1

Always report a balance on at least one card, even if only $25. Reporting 0% on all cards means you aren't using your credit so you _must_ be risky

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There is a balance on 3/6 cards