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High utilization individual accounts & FICO 8

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Super Contributor

Re: High utilization individual accounts & FICO 8


@BrutalBodyShots wrote:

Very interesting.  It would be cool to see some more testing on this.  Was it the 58% account crossing the 48.9% threshold?  Perhaps landing somewhere in the 28.9%-48.9% range would be insightful if that's a possibility at some point.


My preference would be to never again have a 58% account Smiley Happy Or an 82% or even a 38% account Smiley Happy

 

This was not a test. Repeat. This was not a test. Smiley Happy


Total revolving limits 719k (592500 reporting) FICO 8 scores: EQ 735 TU 782 EX 746
Message 11 of 35
Super Contributor

Re: High utilization individual accounts & FICO 8

Correction @BrutalBodyShots

High credit usage dropped out on EX site but not on MyFICO

Total revolving limits 719k (592500 reporting) FICO 8 scores: EQ 735 TU 782 EX 746
Message 12 of 35
Super Contributor

Re: High utilization individual accounts & FICO 8

Interesting.  Do you usually see a variance across reason statements from the 2 different sources?

Message 13 of 35
Super Contributor

Re: High utilization individual accounts & FICO 8


@BrutalBodyShots wrote:

Interesting.  Do you usually see a variance across reason statements from the 2 different sources?


I never paid attention to that. But will look into it.

 

Of greater concern to me is that experian.com just wrecked its user interface, by removing the ability to quickly ascertain account balances. Previously, in the "accounts" view, one could readily identify the accounts and the balances, and could easily create different views with the ability to reorder by different variables. All of that functionality is gone, and a fixed list is provided with inadequate account information on each entry and no ability to reorder. This greatly diminishes the value of the experian consumer-facing service.


Total revolving limits 719k (592500 reporting) FICO 8 scores: EQ 735 TU 782 EX 746
Message 14 of 35
Super Contributor

Re: High utilization individual accounts & FICO 8

Wow, that sounds like a poor move.  Hopefully enough noise is made to get that issue rectified.

Message 15 of 35
Super Contributor

Re: High utilization individual accounts & FICO 8


@BrutalBodyShots wrote:

Wow, that sounds like a poor move.  Hopefully enough noise is made to get that issue rectified.


They are so clueless (or indifferent) they do not even provide a place for feedback. So they'll never hear the 'noise'.

 


Total revolving limits 719k (592500 reporting) FICO 8 scores: EQ 735 TU 782 EX 746
Message 16 of 35
Valued Contributor

Re: High utilization individual accounts & FICO 8

SJ Would you pls list which cards and the corresponding limits for that #1 and #2 card?

Would make sense if highest card was excluded, at least under the conventional theory, but maybe NRB525 is correct.

did you only see score change and reason code shift on version 8?







Installment loan reported this month,so technically, I'm at 2 months, but AoYA points were NOT reset. When new CCs hit and it is reset, I'll put the number it is.+1,+2,+2(Forgive typos, mobile.)(Everything said is Just IMHO.)
Scores updated AUG 4, '19. Since then, 5 HP dings to add; will update again.
Message 17 of 35
Super Contributor

Re: High utilization individual accounts & FICO 8


@Birdman7 wrote:
SJ Would you pls list which cards and the corresponding limits for that #1 and #2 card?

Would make sense if highest card was excluded, at least under the conventional theory, but maybe NRB525 is correct.

did you only see score change and reason code shift on version 8?

The highest utilization percentages were on smaller limit accounts, one was a 15k account, the other a 10k account.


Total revolving limits 719k (592500 reporting) FICO 8 scores: EQ 735 TU 782 EX 746
Message 18 of 35
Valued Contributor

Re: High utilization individual accounts & FICO 8

SJ were they credit union cards?







Installment loan reported this month,so technically, I'm at 2 months, but AoYA points were NOT reset. When new CCs hit and it is reset, I'll put the number it is.+1,+2,+2(Forgive typos, mobile.)(Everything said is Just IMHO.)
Scores updated AUG 4, '19. Since then, 5 HP dings to add; will update again.
Message 19 of 35
Super Contributor

Re: High utilization individual accounts & FICO 8


@Birdman7 wrote:
SJ were they credit union cards?

1 was a credit union card

1 was a credit union PLOC

 

I can't imagine why it makes a difference to you.


Total revolving limits 719k (592500 reporting) FICO 8 scores: EQ 735 TU 782 EX 746
Message 20 of 35
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