cancel
Showing results for 
Search instead for 
Did you mean: 

Just a quick data point

TheTimeIsNOW
New Contributor

Just a quick data point

I have the experian fico monitoring service and notice something this week, score was 653 with 16% utilization, 20% utilization was reported and score dropped 2 points. this morning i checked and utilization dropped to 18% and my score went back up the two points i lost. Just a side note I pulled a fresh report from MYFICO and compared the past week and all score showed exact results, Experian v2 went from 680 to 676 and back to 680.....so for me I have hard data that 30% and 20% are major scoring factors

 


Starting Score: 500 Jan 2014
DEC 14: 595 600 610
FEB 15: 602 633 6363/16618, 635, 630
Lowes $12000, Quicksilver $4000, Barclay Rewards $3700, Care Credit $4000, Home Depot $3000, Menards $500, GM card $300, Discover It $300, Buckle $1450, VS $1450, Walmart $4000, Amazon $3500.
Message 1 of 2
1 REPLY 1
Revelate
Moderator Emeritus

Re: Just a quick data point


@TheTimeIsNOW wrote:

I have the experian fico monitoring service and notice something this week, score was 653 with 16% utilization, 20% utilization was reported and score dropped 2 points. this morning i checked and utilization dropped to 18% and my score went back up the two points i lost. Just a side note I pulled a fresh report from MYFICO and compared the past week and all score showed exact results, Experian v2 went from 680 to 676 and back to 680.....so for me I have hard data that 30% and 20% are major scoring factors

 


Ah hrm, it's not quite that simple unfortunately though I do greatly appreciate your datapoint Smiley Happy.  Do you mind sharing a bit more information to clean it up?

 

Basically if you'd list out your cards, their balances and their CL's from the 3 different pulls that'd help enormously; there's 3 different metrics (at least) in the revolving utilization portion of the scorecard, and aggregate utilization is only one of them.




        
Message 2 of 2
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.