I didn’t plan this by any means, but the way it worked out, all my cards have except my BB&T card have reported this month. My total utilization stands at 6.02% today, but will fall to 5.96% when it reports on the 25-26th. The utilization on the BB&T card is already at <1%, so unless going to 0% makes a scoring difference, the small drop in total utilization should be the only change on that day, as none of my cards nor loans should report anything else this month. I’m going to be tracking this on my daily Experian score, BTW. I recently started letting my cards report for the first time since I’ve had cards (I’ve always done AZEO), so this is the first opportunity I’ve had to play with things like this. I dropped about 4 points when I went from <1% to 6% last month, so I’m curious if I’ll get any of it back. Any guesses as to what it might do?
Not that I can tell. I will have 2 of them that might age to 3 mos on the 1st of Mar, but looking at all my reporting dates on my cards and other accounts, nothing except the BB&T reporting should happen in the next 4 or 5 days. I’m going to track it day by day see what happens.
My 5 card app spree of late last year did a little more damage to my EX score more than the others because 3 of the HPs were EX and the PPMC was TU. It does seem more sensitive than my TU and EQ scores, as they barely move.
@Anonymous wrote:
@JNA1 wrote:
I dropped about 4 points when I went from <1% to 6% last month, so I’m curious if I’ll get any of it back.This is right in line with what I found: EX has a 4% aggregate utilization threshold (0,4]
My total utilization stands at 6.02% today, but will fall to 5.96% when it reports on the 25-26th.
Any guesses as to what it might do?That's a 7% to 6% (FICO takes the ceiling) aggregate utilization change, so I wouldn't expect anything to happen on EX 8 unless one of your aging values (AoOA, AAoA, or AoYA) is a multiple of 3. Even then, that's not a guaranteed increase either.
Oh OK. My Disco reported yesterday and it dropped my utilization from 7% to 6%, so I was figuring the threshold was below 6%, but maybe not. Either way, I'll report back with whatever happens. The little pie chart did turn from yellow to green, but nothing happened.
@JNA1 wrote:Oh OK. My Disco reported yesterday and it dropped my utilization from 7% to 6%, so I was figuring the threshold was below 6%, but maybe not. Either way, I'll report back with whatever happens. The little pie chart did turn from yellow to green, but nothing happened.
After tracking my progress over the past year across 8 different monitoring services, I've learned one really important thing: Never use the utilization percentage that front-ends show you - always calculate it yourself, and then take the ceiling of that.
I have had Visa utilization of 7.07% with aggregate at 7.42% and most would report that as 7%/7%. Some got it right at 8%/8%. Most of them tend to use the default rounding method of most programming languages.
Someone could see 4% aggregate utilization and no score change and then say "Well, I didn't see it at 4%", when their actual util might have been 4.2% (FICO 5%) or something.
I'll likely be able to figure out the below 6% impact in early March after my USB reports for February. Last reported (Jan close) I was at 5.98% but know it rounds up to 6%. This cycle I will be at 4.89% and will see if the "< 6%" does anything with EX. Same # of accounts reporting, although 8's aren't affected as much from this, my profile says it impacts my scores slightly when I report over 30% of my cards.
@JNA1 wrote:
I didn’t plan this by any means, but the way it worked out, all my cards have except my BB&T card have reported this month. My total utilization stands at 6.02% today, but will fall to 5.96% when it reports on the 25-26th. The utilization on the BB&T card is already at <1%, so unless going to 0% makes a scoring difference, the small drop in total utilization should be the only change on that day, as none of my cards nor loans should report anything else this month. I’m going to be tracking this on my daily Experian score, BTW. I recently started letting my cards report for the first time since I’ve had cards (I’ve always done AZEO), so this is the first opportunity I’ve had to play with things like this. I dropped about 4 points when I went from <1% to 6% last month, so I’m curious if I’ll get any of it back. Any guesses as to what it might do?
Things get rounded off, so 6.02% and 5.96% are probably the same thing for scoring purposes. A meaningful comparison IMHO would be 7% vs 5%.
