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Funny - Usage up and FICO 8 up!

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Regular Contributor

Funny - Usage up and FICO 8 up!

Saw the funniest thing happen today...I let my Disco report and hit the 19% threshold for statement cut (hoping Disco sees my increased usage for an CLI consideration). My EX went up 7 points...no other changes reported. My last score change was 2 weeks ago (saw a 1 pt increase when car loan hit 1 year) when my report showed the following DPs: 1 revolver @ 47% (BT), 1 revolver @ 28% (BT), 1 revolver @ 25% (BT) and overall util @ 13%. No other changes that I can think of...so weird. Consequently my EQ saw a 3 pt drop with Disco reporting at 19%...






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Established Contributor

Re: Funny - Usage up and FICO 8 up!

We often forget the simple effect that tradelines aging can have.

050719:     
101319:     

A regretful expert. I have repaired before, I will repair again. My current goal is 670 FICO08 across the board by November 2019.
Message 2 of 6
Super Contributor

Re: Funny - Usage up and FICO 8 up!


@Five6Two wrote:

Saw the funniest thing happen today...I let my Disco report and hit the 19% threshold for statement cut (hoping Disco sees my increased usage for an CLI consideration). My EX went up 7 points...no other changes reported. My last score change was 2 weeks ago (saw a 1 pt increase when car loan hit 1 year) when my report showed the following DPs: 1 revolver @ 47% (BT), 1 revolver @ 28% (BT), 1 revolver @ 25% (BT) and overall util @ 13%. No other changes that I can think of...so weird. Consequently my EQ saw a 3 pt drop with Disco reporting at 19%...


1. Your scores did not increase as a result of higher utilization on your Discover card; something else caused it.

 

2. It's pointless to let a Discover balance report so that Discover can see your increased usage; they see your usage of their products 24/7.


Total revolving limits 720500 (594000 reporting) 10/2/19 FICO 8 scores: EQ 744 TU 782 EX 746
Message 3 of 6
Super Contributor

Re: Funny - Usage up and FICO 8 up!

OP, utilization increases don't cause FICO score increases, with the only exception to that rule being a shift from 0% to something non-zero (but not high).  Your score went up for a different reason as SJ stated above.

 

Also, 19% is not a known or assumed "threshold" point as you put it.

Message 4 of 6
Established Contributor

Re: Funny - Usage up and FICO 8 up!

Sounds to me like one or more sets of accounts went through an age threshold. Those do not report as a line item change but a young account hitting 6mo or a youngish account hitting 1yr can cause 10 point changes on thin files due to their instability. I used to have cases where an inquiry falling off would give me back 5-10 points when I was younger. The real fun though was getting CLI's by request from Bank of America and after that reported I would get all my points back as well as an increase.

TU:795 10/08/18 Synchrony--EX: 758 10/26/18 Discover--EQ:810 09/25/18 Citi--Gardening since 10/15/18
Active:
Bank of America (Bankamericard M, Better Balance Rewards M, Cash Rewards VS), Blispay V, Capital One Quicksilver VSC, Chase(AARP VSC, Amazon Prime VSC, Freedom VSC), Citi Dividend M, Citizens GreenSense M, Discover It, FedEx Employee Credit Association V(Pending Close?), FNBO Ducks Unlimited VS, PenFed Platinum Rewards VSC, Synchrony Bank(PayPal Credit, PayPal 2% Cashback M, Walmart M), US Bank Cash+ VS
Wishlist: Barclaycard Uber, Bellco Colorado Rewards, EBates, Marvel, Nusenda Platinum Cash Rewards, PenFed Pathfinder, Security Service Power Travel Rewards, UMB Bank Simply Rewards, Vantage West Connect Rewards, Wells Fargo Propel
Message 5 of 6
Regular Contributor

Re: Funny - Usage up and FICO 8 up!

Hi, you’re right, I mistook 19% for 29%. But in any case I hit the CLI button and received a $1500 increase - so there is that.





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