On my dirty profile I've been typically AZEO and with low to very low reported utilization. I'm planning on letting my SavorOne report a much more signficant balance this month to help butter up Capital One for another CLI request as they seem to like to see heavy usage (already been doing that) and significant reported utilziation. I'll pay in full once the statement cuts. Going from 2% on SavorOne (my current AZEO card) and <1% aggregate to 30-35% on SavorOne and 7-8% aggregate, about how many points can I expect to temporarily lose for FICO8/FICO9)?
Its so file dependant its hard to tell. Its not an exact science. But a snip from a chart I have.
by this 15pts+/-?
@Zoostation1 wrote:On my dirty profile I've been typically AZEO and with low to very low reported utilization. I'm planning on letting my SavorOne report a much more signficant balance this month to help butter up Capital One for another CLI request as they seem to like to see heavy usage (already been doing that) and significant reported utilziation. I'll pay in full once the statement cuts. Going from 2% on SavorOne (my current AZEO card) and <1% aggregate to 30-35% on SavorOne and 7-8% aggregate, about how many points can I expect to temporarily lose for FICO8/FICO9)?
1. Capital One doesn't care how much you report on their card; they know how much you spent or didn't spend, regardless of what reports. Letting more report will not in any way "butter up" Capital One. If anything, it will turn them off, as a possible signal of distress.
2. Going to those higher utilization numbers will probably cost you 10 points or so.
@Thomas_ThumbIs Capital One atypical in reporting the highest posted balance for the "high balance" info on reports regardless of reported statement balance? Or are Discover and Amex the atypical ones in using my highest statement balance for the "high balance" figure. I wish there was consistency among lenders.
@FireMedic1 wrote:@Zoostation1Once you find out. You got 3 predictions. Let us know.
Statement closes on the 11th so I'll report back once I get the score updates.
@FireMedic1 wrote:@Zoostation1Once you find out. You got 3 predictions. Let us know.
Reported a little under 32% on my AZEO card and 7.1% aggregate. I only lost 4pts on EQ8 and I got an alert on TU for the higher balance, but no score drop (unless it did change but didn't the alert trigger a refresh?). EX hasn't updated yet here or on their website yet. Paid the statement balance just after it cut.
@Zoostation1 wrote:
@FireMedic1 wrote:@Zoostation1Once you find out. You got 3 predictions. Let us know.
Reported a little under 32% on my AZEO card and 7.1% aggregate. I only lost 4pts on EQ8 and I got an alert on TU for the higher balance, but no score drop (unless it did change but didn't the alert trigger a refresh?). EX hasn't updated yet here or on their website yet. Paid the statement balance just after it cut.
From where are you getting your information?
1. Date and amount Savor One reported.
2. Before and after EQ FICO 8 scores.
$946.38/$3000 on my current statement. Updated reported balance hit CK for EQ on 5/13 with a 5/11 report date shown). On myFICO I received the balance alert and score notification on 5/15 for EQ8.
EQ8 before: 683, EQ8 after: 679. I'm aware the alerts aren't necessarily the reason for a score change, but in this case it doesn't appear that there was any new milestone to impact.
TU new balance showed up on both CK and myFICO on 5/15.. No score change on TU8 showing yet, still 676.
EX updated today on the experian site with the new balance. EX8 before: 677, EX8 after: 672.
Edited to fix formatting now that I'm home and on desktop and to add EX data since their site updated today as well.