Have I reached the bottom of my scorecard

[Snook_on_the_Line]

A new account and inquiry dropped my ex fico8 to 750 the first week of august

fast forward to today and my score is still 750 dispite four new inquiries and another new account

also more than half of my cards are showing balances today (vs AZEO in august)

one of which is showing 50% uti

my file looks like this

oldest acc 3+ years 

7 open and one closed ($0 bal) revolvers

one closed installment loan($0 ballance)

no baddies

65,750 available credit

is it possible that there's nowhere to go but up from here, as long as I keep my report clean?

[FicoMike0]

Sure hope so.

two things may be going on. First, it's believed that inquires are binned. You lose points based on what bin you are in. Bins might be, 0, 1, 2-3, 4-5, 6-8. You dont lose going from 2 to 3, because they're in the same bin.

Second, your ex score only counts hps on ex. Some of your pills are probably in other reports.

As far as too many non zero, it's based on what they last reported and when the score was pulled. 

[FicoMike0]

I just pifed my amex bill, but no one besides amex and I know that. All three cras would show a non zero balance. If amex pulled my score, they would get a score based on a nonzero amex balance, because they won't report until early next month. Probably won't be zero then.

[Snook_on_the_Line]

All five inq are on ex 

all balances are listed on todays exp report. 

All have been paid in full already but only chase mid cycle updates so as far as exp is concerned I went from one card with 2% uti

($55 recurring charge on a $2500cl)

that is my Except One every month.   
to having 6 of 7 cards with balances. 

I purposely let all my cards report this month to see what effect it would have on my score. 

And it didn't move.   

I think I may have found the bottom of the Clean, thick, mature, new revolver scorecard.  

I've got a  federal student loan that's been in default for so many years it's not on my reports anymore and I just signed up for fresh start to have it transferred to nelnet as a new loan so when that starts reporting we'll see what happens.   I'm going to pay a huge piece of it (~60%)  the first month so hopefully I'll see a boost in scores. 

[Thomas_Thumb]

@Snook_on_the_Line 

FYI - EX Fico 8 is very insensitive to #/% of cards reporting balances. Many posters report seeing no drop on EX even with 100% of cards reporting small balances - particularly if they have an open installment loan.

Given you have a new account under 12 months, you already hit the bottom of the barrel for new accounts. So, no further impact there.

Not sure how many HPs you have on EX and how close together they are. There is some evidence they can be deduped to count as one within a 45 day time frame. Does your report list QTY of scoreable inquiries or just number of HPs?

I guarantee your score has not bottomed out. Clean scorecards dip to the low 600s. If you want to drop score while staying clean, allow a few cards to report +90% utilization and get aggregate above 49%. That should take your score to below 700.

BTW - good for you, testing your file. Everyone should do that. AZE1 is way overhyped for Fico 8 and 9. It is a bigger factor with the older Fico "mortgage" algorithms. Key influence is low utilization with the newer Fico models.

[SouthJamaica]

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@Snook_on_the_Line wrote:

A new account and inquiry dropped my ex fico8 to 750 the first week of august

fast forward to today and my score is still 750 dispite four new inquiries and another new account

also more than half of my cards are showing balances today (vs AZEO in august)

one of which is showing 50% uti

my file looks like this

oldest acc 3+ years 

7 open and one closed ($0 bal) revolvers

one closed installment loan($0 ballance)

no baddies

65,750 available credit

is it possible that there's nowhere to go but up from here, as long as I keep my report clean?

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No, it's not possible. There are plenty of ways to go down.