Experian FICO8 dropped 20 pts after Utilization went 2% to 0%

[nyuphoto]

All,

im hoping to hear if anyone has seen a drop this big. Navy fed just reported my balance from 2% to 0%. I've been doing AZEO for the past 10 weeks. Any insight on past experiences would be greatful. My next 3 cards will post by July 1 and one card will report a 1% utilization. Thank you in advance. 

[Anonymous]

Same thing happened to me. Something is up with Experian

[SouthJamaica]

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@nyuphoto wrote:

All,

im hoping to hear if anyone has seen a drop this big. Navy fed just reported my balance from 2% to 0%. I've been doing AZEO for the past 10 weeks. Any insight on past experiences would be greatful. My next 3 cards will post by July 1 and one card will report a 1% utilization. Thank you in advance. 

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Yes that's typical when going from all zero but one --> all zero.

[nyuphoto]

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@Anonymous wrote:

Same thing happened to me. Something is up with Experian

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@Anonymous 

Wow. I'm shocked that experian dropped as your utilization is still at 10%. Looking through other posts I realize I made a mental

mistake, following AZEO I let NFCU post a zero balance (making my total utilization O%) before another card could report a balance. I got hit with a Zero balance penalty. Hopefully it will bounce back up when my next card posts at end of month. 

[Anonymous]

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@Anonymous wrote:

Same thing happened to me. Something is up with Experian

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 @Anonymous yours is not an AZ penalty.

@nyuphoto yours is and will return one a balance posted on a revolver.

[Anonymous]

It is because the secret that FICO doesn't want anyone to know is that KEY is to keep your utilization AT 1% with the MAX being 8.99% before you start dropping in points for high utilization. Those that tell you keep it below 50% keep it below 30% etc... are not aware that really honestly the secret sauce is 1% most people see a boost in scores if paid down to 1% every month and NO LESS and NO MORE! You saw a drop because you paid off completely. If you pay down to 1% you will maintain your points and the minute you go above or below you will loose points! Its all a number game!

[nyuphoto]

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@Anonymous wrote:

It is because the secret that FICO doesn't want anyone to know is that KEY is to keep your utilization AT 1% with the MAX being 8.99% before you start dropping in points for high utilization. Those that tell you keep it below 50% keep it below 30% etc... are not aware that really honestly the secret sauce is 1% most people see a boost in scores if paid down to 1% every month and NO LESS and NO MORE! You saw a drop because you paid off completely. If you pay down to 1% you will maintain your points and the minute you go above or below you will loose points! Its all a number game!

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@Anonymous 

Does individual card utilization have any bearing?

[Anonymous]

No, 1% is not a threshold. And the number is 9% or lower. Some scorecards also have a 4% threshold. 1% has no special relevance. 

If you'd like to know more, @Anonymous , please read the scoring primer linked at the top of my siggy. 

[Anonymous]

@nyuphoto Yes, both individual and aggregate revolving utilization are scoring factors. 

Read the scoring primer linked at the top of my siggy for in depth info. 

[Anonymous]

I realize that my drop on Experian is MOST LIKELY due to a IIB Citi card (DC 4/2019) that for some reason is suddenly reporting a delinquent payment ONLY in June 2020 and only on Experian! I have filed a dispute.