I lost 6 points for getting a CLI

[Patient957]

Eq Fico 8 went from 814 to 808 when my JC Penney store card reported today.  The only difference between my Eq report at 814 and and 808 is a CLI on that card from $3K to $5K.

At first I thought, there must be something else.  But after inspecting both reports, there isn't.  So all that's left for me to do is to try to understand why.

Some data points:

TCL (revolving):

41,400 reporting, before CLI

43,400 reporting, after CLI

7 cards total, 6 bankcards, 1 store card (JCP)

Revolving balance: $119 (before and after CLI)

3 bankcards cards reporting balances , $93, $18, $8

Now my best guess as to why this happened:

Before the CLI, the JCP card represented 7% of my total available revolving credit (3000/41,400 = 7%)

After the CLI, the JCP card represented 12% of my total available revolving credit (5000/43,400 = 12%)

So my theory is there may be scoring factor for percentage of non-bankcard (i.e. store card) revolving credit, with a penalty at a threshold of 10%.

Anyone ever see anything like this before?   Have any other theories?

@Thomas_Thumb ?

@SouthJamaica ?

[Patient957]

It's also worth noting that I have 2 new bankcards with $38K in new credit limit that will be reporting for the fist time very soon.  These will take my % store card back under 10%, so if my theory is right, I would expect to get those 6 points back.

Unfortunately, when either of these 2 cards reports, it's going to kick me back onto a 'new revolver' scorecard, and I'm expecting to lose the 22 points I gained in March for hitting 0/12.  So I'll potentially have more than one variable changing at once, making it more difficult to know if I got my 6 points back or not.

Perhaps I will lose only 16 points (22 minus 6) when my new card(s) report.  That would be evidence in support my theory, but unfortunately not as clean as I'd like.

[FicoMike0]

It's a mystery to me. What did ex and tu do?

[SouthJamaica]

I don't believe that your CLI caused the point decrease. I think it was something else.

[Patient957]

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@FicoMike0 wrote:

It's a mystery to me. What did ex and tu do?

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It's a good question.  I don't have access to my TU8 for now (waiting on Cap One), and my Experian report has not updated with the CLI yet.  So as soon as Experian updates, I'll report back here.

[Patient957]

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@SouthJamaica wrote:

I don't believe that your CLI caused the point decrease. I think it was something else.

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Me too, at first, but there's nothing else.

[SouthJamaica]

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@Patient957 wrote:

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@SouthJamaica wrote:

I don't believe that your CLI caused the point decrease. I think it was something else.

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Me too, at first, but there's nothing else.

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Thing is, you're talking about EQ, which you can't monitor on a real time basis. You just need to accept that you can't correlate your EQ score changes to data changes with any kind of precision.

Now EX, if you have daily monitoring, is a horse of a different color. That you can monitor in real time on a daily basis.

[Patient957]

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@SouthJamaica wrote:

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@Patient957 wrote:

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@SouthJamaica wrote:

I don't believe that your CLI caused the point decrease. I think it was something else.

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Me too, at first, but there's nothing else.

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Thing is, you're talking about EQ, which you can't monitor on a real time basis. You just need to accept that you can't correlate your EQ score changes to data changes with any kind of precision.

Now EX, if you have daily monitoring, is a horse of a different color. That you can monitor in real time on a daily basis.

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My credit reports are very straightforward.  When something changes, I know it.  I'm comparing full reports from annual credit report dot com, comparing this week to last week.  There's only one change.

But let's see what happens with Experian.  They're usually slow to uodate, so it will be several days.

[Patient957]

I should also say, I appreciate your skepticism, @SouthJamaica, which is partly why I tagged you into the thread. 

[SouthJamaica]

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@Patient957 wrote:

I should also say, I appreciate your skepticism, @SouthJamaica, which is partly why I tagged you into the thread. 

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Who? Me? Skeptical?

I think I was born that way. Even as a toddler I could not make myself believe in a tooth fairy or Santa Claus. These things just didn't add up to me