@Anonymous wrote:
Thank you for all the comprehensive info! You're awesome!
Did you rule out any inquiries becoming unscoreable?
Good question, so I looked at my history . My re-fi inquiry was done 6/12/18 although the new acct date is 8/2018. I had another INQ on 8/8/18 for a card. Also new acct date 8/2018. My score was 799 6/29 - 7/30, did not change until 7/31. Both accts in July were 11m old.
I would say mystery solved. Installment loan inquiries are buffered for 30 days, so you wouldn't have lost the points for 30 days. I assume the loss period is still a year, so, 7/12 you would get points back right?
I have not tested that, but otherwise it would only be an 11 month penalty, so makes sense!
No 25% threshold, just an inquiry becoming unscoreable.
I have not tested that, but otherwise it would only be an 11 month penalty, so makes sense!
No 25% threshold, just an inquiry becoming unscoreable.
Received 1pt 6/12/19 for which at the time I attributed to the 6/12/18 INQ aging bringing my score to 799 on 6/12/19. Same score through 7/30/19. Score increased 7/31/19 per EX daily subscription. A look back at 6/10-6/15/18 (INQ not there 6/10/18 but showed up 6/15/18) when my report showed the refi- INQ there was no change. Not sure why my archived reports don't show daily back then. I cancelled my subscription sometime around 3/2018 and re-instated sometime in 6/2018. Not sure if its the ever present buffer issue but at the time I still had a single 30 left to expire 12/2019, but was removed 10/21/19. So a look back it appears I received no penalty for the 6/12/18 INQ but not sure if it was masked by other changes. I'll need to research further to see if other scoring change possibilities occurred during that time.
So the 7/31/19 increase is outside of the 30 days you mentioned since it sounds like you believe it should have occurred between 6/12/19 and 7/12/19 and my +4 pt didn't occur until 7/31/19.
I didn't start recording my EX score changes until 10/2018 although I had the subscription before that with the above gap but can see the restart 6/4/18. Prior to that I had the quarterly myFICO reports starting 10/2018 but had single 3B pulls at full price 4/16/18, 5/8/18 and 6//8/18 before re-fi. On 6/4/18 my score was 810 and remained until 7/27/18 when I lost 1 pt but not sure why because I didn't start analyzing changes on EX until 10/2018.
@Anonymous wrote:Hi Everybody
I know people say the simulators can't really simulate anything because they can not factor different changes, but I was wondering if there is any truth on some of it, that you guys knew better.
I am specifically talking about when, in my case, score 669. (49% of my available credit (17k))
pay off $2000 --> simulated credit score 693
pay off $ 3000 --> 670
pay off $ 3000 + use $500 credit to buy --> 715
(paying those 3000 would still not get me below the almost ideal below 30% )
question 1
So... is there a rule ratio that you guys are aware of pay/use ratio so help better your score
how much you should pay + how much you should use
I understand, the best way to improve my score is keeping it below 30%, even better 10%, and have some utilization to be payed every month, and maybe that is what the simulator refers to.
question 2
By every month, does this mean, after the statement has been issued? That would create interests, right? But I guess they need the expenses to go trough the statement cycle so it counts for the credit score.
thanks!
I'm not aware of any such thing as a "pay/use ratio".
If you want to optimize your score, let one account report a small balance and pay it off, while the other cards report a zero balance.
No reason to pay interest on any of them.
