@Thomas_Thumb wrote:I paid off the Fidelity card with a large balance and then stopped using it for a month. It since reported a small statement balance. Another card not currently in use reported a zero statement balance. Five cards had reported small balances on today's pull. No cards were over 10% and aggregate was down to 2% (from 13%). See pastes below.
EX Fico 8 thru Discover scorecard is reporting at 848 - 1/16/2021 pull. (TU Fico 8 thru my Discover card account still shows December pull). EX Fico 9 thru Wells Fargo updated 1/2/2021 and now is at 849. Fico 8 and Fico 9 scores of 850 score are undoubtedly achievable without an open loan. However, optimizing other factors such as aggregate and individual card revolving utilization becomes critical. Keeping # cards reporting balances low is important but, AZEO is still not critical. For my "no open loan" profile, I suspect 850 is possible with 3 or less cards reporting "small" balances
Prior to the October 2020 loan payoff I could maintain 850 with 6 of 6 cards reporting balances and even with an individual card reporting 71% utilization ($3200/$4500) as long as aggregate utilization was under 9%. Loan reported closed to CRAs in November.
I have not been on MyFico for a few months and wanted to report back on ability to regain 850 on EX Fico 9. Below is another data point confirming 850 can be reached with no open installment loan on file:
Score reported through my Wells Fargo account in early April. I had 2 or 3 cards reporting a balance at the time and utilization was between 2% and 4%. Unfortunately, unable to pinpoint data on the exact date WF pulled the score. I just don't track all that closely these days.
