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High Utilization DPs

JFox418
Regular Contributor

High Utilization DPs

Figured I'd share some DPs that might back up @SouthJamaica 's findings when he was comparing FICO 2 vs FICO 8 found here. I'm at the tier thresholds on a few accounts and wanted to track what the changes will be. My reports have no baddies or HPs and nothing closing soon so UTIL should be the only factor. I won't be able to update EQ and TU until early next month. 

 

NOTE: You'll see some accounts update with different UTIL from the previous update but I'm not making updates unless scores change just to keep things a little cleaner.

 

FICO 2 vs FICO 8 High Utilization 

 

11.05.21 - Aggregate - %56 - EX 767 / EQ 774 / TU 762

Account 1 - %73

Account 2 - %64

Account 3 - %57

Account 4 - %30

 

11.10.21 - Aggregate - %45 - EX 771 (+4)

Account 1 - %50

Account 2 - %50

Account 3 - %57

Account 4 - %30

 

11.15.21 - Aggregate - %45 - EX 771 (no change)

Account 1 - %50

Account 2 - %50

Account 3 - %57 (this should update this week to below %50)

Account 4 - %28 (down from %30)

 

11.18.21 - Aggregate - %43 - EX 780 (+9)

Account 1 - %50

Account 2 - %50

Account 3 - %47 (down from %57)

Account 4 - %28 

 

12.12.21 - Aggregate - %37 - EX 808 (+28) / EQ 805 (+31) / TU 792 (+30)

Account 1 - %34 (down from %50 also had $3k CLI)

Account 2 - %45 (down from %50)

Account 3 - %47 

Account 4 - %28 

Account 5 - %17 (previously 0, oops, will be PIF before statement close)

 

12.19.21 - Aggregate - %31 - EX 780 (was 785 after my app spree hard pulls and 1 new account then dropped 5pts with one account going back over %50)

Cap1 - %34 

Cap1 - %45 

BBY Visa - %62 (Up front %47)

THD - %28 

Kohls - %17 

Verizon Visa - %0

 

01.12.22 - Aggregate - %12 - EX 795 (+15)

Cap1 - %0 ($42 balance but shows %0 usage, $13k CL)

Cap1 - %0

BBY Visa - %62 (this will be updating to about %15)

THD - %28 

Kohls - %0

Verizon Visa - %4

 

01.14.22 - Aggregate - %17 - EX 780 (-15)

Cap1 - %0 ($42 balance)

Cap1 - %0

BBY Visa - %62 (this will be updating to about %15)

THD - %28 

Kohls - %0

Verizon Visa - %4

Chase FF - %64 (%0 interest BT from BBY Visa)

 

01.16.22 - Aggregate - %30 - EX 753 (-27)

Cap1 - %0 ($42 balance)

Cap1 - %0

BBY Visa - %62 (this will be updating to about %15)

THD - %28 

Kohls - %0

Verizon Visa - %4

Chase FF - %64 (%0 interest BT from BBY Visa)

FNBO - %83 (new account with both Cap1 BTs with %0 interest)

11.05.21 - EX 767 / EQ 774 / TU 762 %56 UTIL $43.1K CL (WIP) 
CURRENT - EX 796 / EQ 816 / TU 812 %16 UTIL $98.7K CL

17 REPLIES 17
SouthJamaica
Mega Contributor

Re: High Utilization DPs


@JFox418 wrote:

Figured I'd share some DPs that might back up @SouthJamaica 's findings when he was comparing FICO 2 vs FICO 8 found here. I'm at the tier thresholds on a few accounts and wanted to track what the changes will be. My reports have no baddies or HPs and nothing closing soon so UTIL should be the only factor. I won't be able to update EQ and TU until early next month. 

 

FICO 2 vs FICO 8 High Utilization 

 

11.05.21 - Aggregate - %56 - EX 767 / EQ 774 / TU 762

Account 1 - %73

Account 2 - %64

Account 3 - %57

Account 4 - %30

 

11.10.21 - Aggregate - %45 - EX 771 (+4)

Account 1 - %50

Account 2 - %50

Account 3 - %57

Account 4 - %30


The key is to get under 50% Smiley Happy


Total revolving limits 699000 (597000 reporting) FICO 8: EQ 718 TU 721 EX 698

Message 2 of 18
JFox418
Regular Contributor

Re: High Utilization DPs


@SouthJamaica wrote:

@JFox418 wrote:

Figured I'd share some DPs that might back up @SouthJamaica 's findings when he was comparing FICO 2 vs FICO 8 found here. I'm at the tier thresholds on a few accounts and wanted to track what the changes will be. My reports have no baddies or HPs and nothing closing soon so UTIL should be the only factor. I won't be able to update EQ and TU until early next month. 

 

FICO 2 vs FICO 8 High Utilization 

 

11.05.21 - Aggregate - %56 - EX 767 / EQ 774 / TU 762

Account 1 - %73

Account 2 - %64

Account 3 - %57

Account 4 - %30

 

11.10.21 - Aggregate - %45 - EX 771 (+4)

Account 1 - %50

Account 2 - %50

Account 3 - %57

Account 4 - %30


The key is to get under 50% Smiley Happy


Yeh I messed that one up this month. LOL I read your article AFTER I already made the payments. I figure it's a good starting point now to see where it goes from here. 

11.05.21 - EX 767 / EQ 774 / TU 762 %56 UTIL $43.1K CL (WIP) 
CURRENT - EX 796 / EQ 816 / TU 812 %16 UTIL $98.7K CL

Message 3 of 18
JFox418
Regular Contributor

Re: High Utilization DPs

11.15.21 - Aggregate - %45 - EX 771 (no change)

Account 1 - %50

Account 2 - %50

Account 3 - %57 (this should update this week to below %50)

Account 4 - %28 (down from %30)

11.05.21 - EX 767 / EQ 774 / TU 762 %56 UTIL $43.1K CL (WIP) 
CURRENT - EX 796 / EQ 816 / TU 812 %16 UTIL $98.7K CL

Message 4 of 18
JFox418
Regular Contributor

Re: High Utilization DPs

Nice little surprise this morning as one of my balances updated. I'm really curious what's going to happen early next month when the two drop below %50. I'm not sure I'll have the funds to get one down to %28 but below %50 looks promising for a score bump.

 

11.18.21 - Aggregate - %43 - EX 780 (+9)

Account 1 - %50

Account 2 - %50

Account 3 - %47 (down from %57)

Account 4 - %28 

11.05.21 - EX 767 / EQ 774 / TU 762 %56 UTIL $43.1K CL (WIP) 
CURRENT - EX 796 / EQ 816 / TU 812 %16 UTIL $98.7K CL

Message 5 of 18
JFox418
Regular Contributor

Re: High Utilization DPs

Exciting update today! 

 

12.12.21 - Aggregate - %37 - EX 808 (+28) / EQ 805 (+31) / TU 792 (+30)

Account 1 - %34 (down from %50 also had $3k CLI)

Account 2 - %45 (down from %50)

Account 3 - %47 

Account 4 - %28 

Account 5 - %17 (previously %0, oops, will be PIF before statement close)

11.05.21 - EX 767 / EQ 774 / TU 762 %56 UTIL $43.1K CL (WIP) 
CURRENT - EX 796 / EQ 816 / TU 812 %16 UTIL $98.7K CL

Message 6 of 18
SouthJamaica
Mega Contributor

Re: High Utilization DPs


@JFox418 wrote:

Exciting update today! 

 

12.12.21 - Aggregate - %37 - EX 808 (+28) / EQ 805 (+31) / TU 792 (+30)

Account 1 - %34 (down from %50 also had $3k CLI)

Account 2 - %45 (down from %50)

Account 3 - %47 

Account 4 - %28 

Account 5 - %17 (previously %0, oops, will be PIF before statement close)


I told you.  That 50% threshold is a big one.

 

Onward to below 30% where there will be some more improvement.

 

Try to break out EX 2 from EX 8, because my little discovery has altered the advice I've been giving folks on improving their mortgage scores.


Total revolving limits 699000 (597000 reporting) FICO 8: EQ 718 TU 721 EX 698

Message 7 of 18
JFox418
Regular Contributor

Re: High Utilization DPs

@SouthJamaica EX 2 shows 787 but I'm not sure what it was before.

11.05.21 - EX 767 / EQ 774 / TU 762 %56 UTIL $43.1K CL (WIP) 
CURRENT - EX 796 / EQ 816 / TU 812 %16 UTIL $98.7K CL

Message 8 of 18
OffensiveSkydiver
New Member

Re: High Utilization DPs

Are you at AZEO on all revolving TLs?

Message 9 of 18
JFox418
Regular Contributor

Re: High Utilization DPs


@OffensiveSkydiver wrote:

Are you at AZEO on all revolving TLs?


No. Look at the latest update with todays date. All 5 accounts are reporting balances. I had some very high utilization on each account and have been paying them down through the tiers to see what happens as I progress. My file is clean besides balances. Like others have been saying, you see some score bumps when an account goes below %50, or below %30. Ideally under %10 is where I want to be but I have a ways to go still. 

11.05.21 - EX 767 / EQ 774 / TU 762 %56 UTIL $43.1K CL (WIP) 
CURRENT - EX 796 / EQ 816 / TU 812 %16 UTIL $98.7K CL

Message 10 of 18
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