Just got my account alerts from Experian on here today, with not-so-good news. I'm hoping I can attribute this to my total revolving balances coming in at $3/900 this reporting period, which is <1% and seems to be scored as 0%. Still annoying to see a 14-pt drop for bringing a card down from 91% utilization plus a $100 CLI. Next month I'll be careful to cut my statement at 5-9% utilization I suppose.
I can't see how a CLI could drop a score, it shouldn't have any effect whatsoever. Any chance something else happened in the background?
The 0% bit is very interesting. From my recollection, any non-zero amount used to be scored at 1%, but your screenshot clearly shows 3 bucks reporting at 0%. Not sure what to say about that one.
EDIT: I am assuming that this card has a $300CL?
@-NewGuy- wrote:I can't see how a CLI could drop a score, it shouldn't have any effect whatsoever. Any chance something else happened in the background?
I don't believe anything else that has or will be changed has posted so far, which include a couple of PFD Collections, a new CC with a $7k limit, and my LOC CLI from $500 to $3500. The latter two happened after my NFCU statement cut, and reviewing my EQ report from EQ doesn't show any Collections as having been removed. The only other change I can think of is a single inquiry, but that was to EQ. (See below.)
The 0% bit is very interesting. From my recollection, any non-zero amount used to be scored at 1%, but your screenshot clearly shows 3 bucks reporting at 0%. Not sure what to say about that one.
EDIT: I am assuming that this card has a $300CL?
Had* a $300 CL. One of the pictures shows that the CLI from $300 -> $400 was posted this month. Both of those pictures reference the same account.
Meanwhile, in the much more sensible world of EQ, I just got this alert:
Guess my FICOs are destined to drift apart. Gonna have to be careful not to apply anywhere that primarily uses EX haha.
@Anonymous wrote:
@-NewGuy- wrote:I can't see how a CLI could drop a score, it shouldn't have any effect whatsoever. Any chance something else happened in the background?
I don't believe anything else that has or will be changed has posted so far, which include a couple of PFD Collections, a new CC with a $7k limit, and my LOC CLI from $500 to $3500. The latter two happened after my NFCU statement cut, and reviewing my EQ report from EQ doesn't show any Collections as having been removed. The only other change I can think of is a single inquiry, but that was to EQ. (See below.)
The 0% bit is very interesting. From my recollection, any non-zero amount used to be scored at 1%, but your screenshot clearly shows 3 bucks reporting at 0%. Not sure what to say about that one.
EDIT: I am assuming that this card has a $300CL?
Had* a $300 CL. One of the pictures shows that the CLI from $300 -> $400 was posted this month. Both of those pictures reference the same account.
Meanwhile, in the much more sensible world of EQ, I just got this alert:
Guess my FICOs are destined to drift apart. Gonna have to be careful not to apply anywhere that primarily uses EX haha.
Well, that rules out about 75% of credit cards, EX seems to be everywhere these days.
As far as the scoring decrease goes, it's either gotta be something happening in the background or... no, has to be that I think. I was going to say that maybe from your UTIL reporting 0%, but going from 91% to 0% on it's own should provide a score increase. I know you said nothing changed, and you seem to be on top of it, so I'm not sure. Perhaps an existing CA updated one of the existing collection accounts on your CR making it seem new and dropping your score. That is certainly possible.
Couple of unhelpful points.
FICO 8 should be similar across the board in terms of algorithm implementation, and what is 0% in one should be 0% in all three. That said, it's *possible* no matter how unlikely that it might not which would be, well, frankly horrifying to me personally. FICO 9 is supposed to be a lot more standardized if I remember the lender complaints re: FICO, and the FICO 9 marketing spiel, but it'll be a while before we get there. Things are weighted a bit differently admittedly, I've always had a higher EXP than EFX on every 04 and 8 comparision I've ever had access to, so could be.
That said, we're at the mercy of software developers when it comes to the third party implementations of the presentation... and speaking from my personal reference frame, I've made a bonehead design choice before when it came to stupid maths in an application. It happens.
I'm not certain what's going on with my own 3B monitoring, I have EFX and EXP moving in different directions on the same change and I got spanked for something which I'm still scratching my head over. Think it's a mix of having more data, and a third party implementation which needs to be taken with a grain of salt until more reports filter in over time.
