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@Anonymous wrote:
How did I know it was a credit union product?
DCU? That’s why I was trying to talk to you before about who the backend processors were on the various credit unions; certain ones report normally, certain ones are funky.
The change which initiated this thread was on my DCU card. When the reported balance dropped from 58% to 10% EX FICO 8 gained 10 points and TU FICO 8 gained 14 points.
I don't see anything funky about that. The only thing that was funky was that an even higher utilization from another account was still sitting there in the reports.
BTW who is the back end processor for DCU?
@Anonymous wrote:
I don’t know who the backend processor is for them, but we should maybe find out if we can find a list of the credit unions/products that are funky.
What about the one that was the highest utilization, where was IT from? Was it also DCU? That’s the one that is possibly funky.
Because IF the theory is correct that the highest individual utilization is the only ding from individual revolving utilization, then it was the highest one that appears to be funky.
Otherwise maybe NRB525 is right and maybe more than just the highest individual utilization card can cause a ding.
Teachers FCU
@Anonymous wrote:
Otherwise maybe NRB525 is right and maybe more than just the highest individual utilization card can cause a ding.
I'm starting to lean toward this viewpoint as time passes based on some of the threads I've read on this forum.
2-3 years ago there seemed to be no doubt at all (from reading posts) that only highest individual utilization count mattered outside of aggregate, but lately that thesis seems to be questioned more and more and with good reason, IMO.
@Anonymous wrote:
All we need is 2 low limit bankcards to test the theory.
Correct. The only issue is that many of us (especially those willing/wanting to do "testing" of these things) don't have low limit cards. A few years back I was toying around with initiating a CLD on one of my seldom used $10k limit cards to $500, then I was able to PC it to a product allowing me to use it more often where the $10k limit was actually beneficial.