In the last couple months my EX score hasn't moved even 1 point. In that time I've paid down all my cards - many were in the 80-90% UTIL range down to either $0 or near $0. My FAKO (TU - CK, etc) has jumped to ~720. My last card that had around 50% UTIL dropped to a few bucks (Merrick AF) and again, no movement on EX (They alerted me of the change - as they do with all changes. Always with "Your credit score did not change, but your rating did").
My FAKO was ~620 (Approx matching my FICO - I have a monthly sub here) before I started paying down. Jumped to ~720 (yes, ~100 PTS) I did a post about it here after I paid down everything. My EQ jumped about 30 PTS to mid-650's, TU about 10-20 PTS, zero movement on EX. I did add 3 cards over the last couple months (IKEA, Good Sam & WS - See sig. So I'd expect a slight drop - or SOME movement) but again, nothing on EX - no drop, no gain - nothing. EQ and TU both moved a bit, as expected. Before paying down, I always had some movement either direction with UTIL changes. Now nothing at all.
I did my monthly pull on myFICO and again, no movement for EX. What is going on here? Not even ONE point either direction with such major changes? (~80% UTIL to near zero, 3 new cards added, major baddie dropped off around the same time)
Then I get this on EX's site: (Anyone ever gotten this at ~3% UTIL? Just trying to understand what's going on here.)
My feeling is that somehow my EX score is frozen and not being updated. I mean 3% UTIL is considered High Credit Usage? Was there a change in how FICO is calculated at EX where they take a longer period into account? Because I'm at a complete loss once I saw that screen cap.
All of my tradelines except for my Amex Gold (AU) account - also at zero, but shouldn't matter anyway?
I think I found out what this is about...
I have an old First Premier (Charged off 12/2014 - So drops off next year) that started reporting again after 2 years of no updates. It's at 135% UTIL ($538 of $400) It hasn't reported to TU in a couple years, started reporting to EX and EQ in the last couple months. Must be the culprit?
Weird though that my EX score didn't move 1 point? With many cards paid to or near zero? I'd expect some movement.
Given that it drops off next year, recommend I let it fall off? $538 is not a big deal to pay, but if it's not going to help dramatically -- and I'm gardening for about a year after just getting those 3 new cards. Won't be home buying for a couple years.
Nope. MyFico simulation is showing a jump to 800 a year from now, so that's probably why.
Is it normal for FP to report 90 Days Late every month, even though the account was closed over 6 years ago? I'm not sure if that's standard practice, just seems odd to me. (They're doing this on both EQ and EX, but not TU) TU shows it closed 12/2014 - EX and EQ do not show as closed. Also appears the previous months where there was no reporting are now filled with "CO" and listed as 90 Days Late in the lower column.
And no, I don't plan to app for anything new for at least a year. Planning to garden for a year and see how things go. Just frustrating when I expected to see a change and didn't.
My concern is they're trying to push past 7 years on this? (Maybe I'm wrong, hopefully I'm wrong.)
Other thing I noticed is EX is listed as "Revolving" where-as the others are not.
@AlanGJP wrote:Nope. MyFico simulation is showing a jump to 800 a year from now, so that's probably why.
Is it normal for FP to report 90 Days Late every month, even though the account was closed over 6 years ago? I'm not sure if that's standard practice, just seems odd to me. (They're doing this on both EQ and EX, but not TU) TU shows it closed 12/2014 - EX and EQ do not show as closed. Also appears the previous months where there was no reporting are now filled with "CO" and listed as 90 Days Late in the lower column.
And no, I don't plan to app for anything new for at least a year. Planning to garden for a year and see how things go. Just frustrating when I expected to see a change and didn't.
My concern is they're trying to push past 7 years on this? (Maybe I'm wrong, hopefully I'm wrong.)
Other thing I noticed is EX is listed as "Revolving" where-as the others are not.
@AlanGJP as for them reporting late, I wouldn't make much of it. I think the reasonableness standard is 90 days, but remember they don't have to report at all, they just have to report accurately if they do. Just get the credit report where I said and see when it really falls off.
@Anonymous wrote:
Go to annualcreditreport.com and pull your reports there to get the DOFD and find out when they really fall off.
So I did that just now: (Thanks btw!)
Date Opened: 07/11/2014
Date Reported: 07/05/2020
Date of Last Payment: 09/01/2014
Deliquency First Reported: 12/01/2014
Date of First Deliquency: 10/01/2014
So, it falls off December 2014 if I'm reading this correctly?
(TU) Estimated month and year that this item will be removed:
09/2021
EDIT: That was EQ, just hit EX (Was looking over my EQ) and got "We're sorry. A condition exists that prevents Experian from being able to accept your request at this time. To obtain your Experian annual credit report --" {Address listed below}
Any idea why I'd get that? I can login to my EX account via my iPhone and see my FICO there. Weird?
@CreditCuriosity wrote:yes they are reporting monthly to try to get you to pay.. They are going to make it as painful as they can for you and this is typical from some creditors.
I mean, it's hard to blame them considering. But I haven't received anything in the mail in years, seems like that would be a better way to get my attention. As it sits now, seems it's better to just let it fall off.