@Anonymous wrote:One credit card reported a balance increase of $127 to all 3 bureaus. All 3 Bureaus prompty deducted 6 FICO points. My balance went from $0 to $127 with $42,000 in CLs, meaning my total util is less than 1%.
Last month it went the other way - my Util went from $5 to $0 and I gained 6 points.
Given that util is so low, why would such a small increase or decrease result in such a proportionately large score swing? My paid off mortgage and paid off installment loan have not yet reported, so that would not be a reason.
Where did you get your scores from and how were you informed your scores changed so promptly? When you refer to UTL changes are you referring to the one card that reported or total UTL for all revolvers?
@Anonymous wrote:One credit card reported a balance increase of $127 to all 3 bureaus. All 3 Bureaus prompty deducted 6 FICO points. My balance went from $0 to $127 with $42,000 in CLs, meaning my total util is less than 1%.
Last month it went the other way - my Util went from $5 to $0 and I gained 6 points.
Given that util is so low, why would such a small increase or decrease result in such a proportionately large score swing? My paid off mortgage and paid off installment loan have not yet reported, so that would not be a reason.
Can you provide a little bit more data?
What CMS Credit Monitoring Service are you using?
What was your before and after, number of cards reporting a balance?
What was the individual utilization % of those accounts that are reporting a balance?
@Anonymous wrote:
@AllZero wrote:
@Anonymous wrote:One credit card reported a balance increase of $127 to all 3 bureaus. All 3 Bureaus prompty deducted 6 FICO points. My balance went from $0 to $127 with $42,000 in CLs, meaning my total util is less than 1%.
Last month it went the other way - my Util went from $5 to $0 and I gained 6 points.
Given that util is so low, why would such a small increase or decrease result in such a proportionately large score swing? My paid off mortgage and paid off installment loan have not yet reported, so that would not be a reason.
Can you provide a little bit more data?
What CMS Credit Monitoring Service are you using?
MyFICO version 8 (this site)
What was your before and after, number of cards reporting a balance?
1 card reporting a balance. Last month paid it from $5 to $0 and this month reporting a balance of $127 from $0
What was the individual utilization % of those accounts that are reporting a balance?
0% to 1.27%
To clarify. Your before was zero cards reporting a balance, 0% utilization? Your after is 1 of 4 accounts reporting a balance at 1.27% individual utilization?
ETA Are you an authorized user on any accounts? If yes, were those AU accounts reporting a balance?
Hmmm, as you likely know this sounds backwards. Bringing a balance to $0 with no other revolvers reporting will cause a decrease with F8 and adding a small balance as you have should return those points.
Did you get your updates through alerts or from pulling your 3B report? As you may know alerts are seldom timely and don't provide a reason for a score change. So when there is an alertable event (balance change), if something else happened to change your score at that time or before (which is not an alertable event with the exception of TU), then you will see your score change when the alertable event finally creates an alert. If you pulled your 3B I would say go through that line by line because this seems to indicate something else changed.
Logic (if you can apply that to FICO scores) says something else happened. Since TU does provide a separate alert for a score change (but not the reason) take a look at your Score Factors. Compare those with the previous time TU's score changed. It's not a science but you may find that the order of factors have changed and/or something fell off. For me, that is usually how I can identify what may have actually caused the score change.
Can you provide the before and after Score Factors, if different? My example below helped me drill down to determine what was likely the reason for the change.
Before:
After:
With a MyFICO subscription if your score changed by the time an alert comes through for a balance change for EQ and EX then it will only show "balance change". But TU as seen above, if your score changed, then you will get a separate alert for "Score Change" and will have your score factors.