It must have REALLY been hurting!

[Anonymous]

Got a score change alert today, +12 points:

Your FICO score may have gone up because the following 3 factors are not hurting your FICO score as much as before:

• You have too many credit accounts with balances.
• You have too many credit accounts with balances.
• You have too many credit accounts with balances.

 

[Anonymous]

It must have been for sure!

Just curious, since they listed the same statement three times, did you drastically lower utilization on several accounts in the past month?

[smallfry]

Must make you wonder why we are paying money for that.

[Anonymous]

One card went from $400/1500 to $0 and one card went from $6800/$15060 (almost 50%) to $1250/$15060 (8%).  A few other cards probably reported a 0 balance as well, so yes, I did drastically lower my util.

I was predicting a 12 point increase on my EQ, but I got a 17 point increase on 1/16 and then another 12 point increase on 1/23.  I went from a 701 on 12/28 to a 730 on 1/23!  I'm very happy.  I hope when the card with the 8% util reports again, it will update on my wife's EQ report too, and bumps up her score too! (I removed her as an AU after I did a BT and EQ and TU never updated, so I added her back on now that the util is down.)

[fused]

Very nice work! You'll be a FICO scoring guru in no time.

[Anonymous]

Thanks to these forums, I already know so much more than I did just 6 months ago!

[Junejer]

Congrats Mike.