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Lost 6-8 pts After Discover (AU) Reports $0 Balance

Gladius
Frequent Contributor

Lost 6-8 pts After Discover (AU) Reports $0 Balance

I don't understand.  I lost 6 Experian pts and 8 TU pts.  I am only an AU on this card and this isn't my only card (I also have my own Discover card).  Nothing else has changed on my profile.  What gives?!

Message 1 of 20
19 REPLIES 19
AllZero
Super Contributor

Re: Lost 6-8 pts After Discover Reports $0 Balance


@Elizabeth_FICO  wrote:

Elizabeth Warren, Senior Product Manager at myFICO: The FICO® Score measures how well you manage your debt. If you don’t have any debt, the algorithm doesn’t have any data about how well you manage your debt. Think of it like being a fast runner. You may be a very fast runner but if you’ve never run any races it would be hard for anyone else to know that you are a fast runner.

 

https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/We-re-Tom-Quinn-amp-Tommy-Lee-FICO-Score...


Message 2 of 20
AllZero
Super Contributor

Re: Lost 6-8 pts After Discover Reports $0 Balance


@Gladius wrote:

I don't understand.  I lost 6 Experian pts and 8 TU pts.  I am only an AU on this card and this isn't my only card (I also have my own Discover card).  Nothing else has changed on my profile.  What gives?!


Insufficient data provided. Are you reporting any balance on your primary account or AU accounts?

 

I would recommend reading the below from Birdman7
General Scoring Primer and Version 8 Master Thread, pub.5.17.20

Message 3 of 20
Gladius
Frequent Contributor

Re: Lost 6-8 pts After Discover Reports $0 Balance


@AllZero wrote:

@Gladius wrote:

I don't understand.  I lost 6 Experian pts and 8 TU pts.  I am only an AU on this card and this isn't my only card (I also have my own Discover card).  Nothing else has changed on my profile.  What gives?!


Insufficient data provided. Are you reporting any balance on your primary account or AU accounts?

 

I would recommend reading the below from Birdman7
General Scoring Primer and Version 8 Master Thread, pub.5.17.20


Yes.  Have balance on my own Discover card as well as other CCs.

Message 4 of 20
Jnbmom
Community Leader
Senior Contributor

Re: Lost 6-8 pts After Discover Reports $0 Balance

Have we established that these are "FICO" scores??

EXP 758 TU 783 EQ 729
Message 5 of 20
Tryinghard258
Contributor

Re: Lost 6-8 pts After Discover Reports $0 Balance

So keep a balance even on AMEX cards...and what about for first reportings??

Starting Score: 1-2021 Eq 631 Tu 633 Ex 630
Current Score: 2-2021 Eq 641 Tu 649 Ex 644
Goal Score: 760

Take the myFICO Fitness Challenge



Message 6 of 20
Gladius
Frequent Contributor

Re: Lost 6-8 pts After Discover Reports $0 Balance

Yes they are FICO scores and what do you mean by "keep balance on Am Ex card and first reportings"?  

Message 7 of 20
LaHossBoss
Valued Contributor

Re: Lost 6-8 pts After Discover Reports $0 Balance

@Gladius there is also an "all zero" penalty for having $0 balance on all AU cards. Let a small balance report on the AU card.




Starting Score: 2•20 | EQ 550 | TU 498 | EX 505
Current Score: 4•21 | EQ [F8 651] [F9 645] [EQ5 678] [VS3 630] | TU [F8 713] [F9 684] [TU4 721] [VS3 639] | EX [F8 640] [F9 651] [EX2 655] [VS3 625]
Goal Score: 670 [X] TU


Take the myFICO Fitness Challenge

SO Starting Score: 2•20 | EQ 502 | TU 484 | EX 521
SO Current Score: 4•21 | EQ [F8 655] [F9 620] [EQ5 677] [VS3 627] | TU [F8 685] [F9 658] [TU4 639] [VS3 625] [VS4 666] | EX [F8 691] [F9 684] [EX2 658] [VS3 642]
Goal Score: 670 [X] TU [X] EX


Take the myFICO Fitness Challenge



Message 8 of 20
Gladius
Frequent Contributor

Re: Lost 6-8 pts After Discover Reports $0 Balance

I am AU on another account (USAA Visa) with a balance.


@LaHossBoss wrote:

@Gladius there is also an "all zero" penalty for having $0 balance on all AU cards. Let a small balance report on the AU card.



@LaHossBoss wrote:

@Gladius there is also an "all zero" penalty for having $0 balance on all AU cards. Let a small balance report on the AU card.




Message 9 of 20
LaHossBoss
Valued Contributor

Re: Lost 6-8 pts After Discover Reports $0 Balance

Not sure then @Gladius not enough info.

 

If possible, comb through thorough credit report from before and after (like annual credit report or straight through TU (same as ACR)). Check if something aged off, if ages changed for accounts, average age, etc, inquiries, etc., or if aggregate utilization or raw dolloars owed crossed a threshold. Really a lot of possibilities.

 

 




Starting Score: 2•20 | EQ 550 | TU 498 | EX 505
Current Score: 4•21 | EQ [F8 651] [F9 645] [EQ5 678] [VS3 630] | TU [F8 713] [F9 684] [TU4 721] [VS3 639] | EX [F8 640] [F9 651] [EX2 655] [VS3 625]
Goal Score: 670 [X] TU


Take the myFICO Fitness Challenge

SO Starting Score: 2•20 | EQ 502 | TU 484 | EX 521
SO Current Score: 4•21 | EQ [F8 655] [F9 620] [EQ5 677] [VS3 627] | TU [F8 685] [F9 658] [TU4 639] [VS3 625] [VS4 666] | EX [F8 691] [F9 684] [EX2 658] [VS3 642]
Goal Score: 670 [X] TU [X] EX


Take the myFICO Fitness Challenge



Message 10 of 20
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