My Utilization Adventure

[pritchardhallhokie]

This has been done before but I wanted to show what impact UTI alone has on FICO scores.  My intentions are to come back periodically and update the changes.

I HOPE to have a zero UTI very soon but will post any changes that occur.

These are all using EQ FICOs:

12/20 - 92% UTI

EQ 617

12/27 - 76% UTI

EQ 633

***That's exactly 1 point per uti percentage***.  There has been NO OTHER CHANGE in my account between these two reports.  AAOA, Last derog, etc. all the same.

[llecs]

Keep us updated. The number of $0 balances factors in too. Fellow FICO scoring junkies like to see examples like this.

[pritchardhallhokie]

  You moved it here llecs?  I thought it would be appropriate as I'm rebuilding my score with this activity!

[smc733]

Same happened to me a few months ago:

33% util

620

1% util a month later

681

[pritchardhallhokie]

ooooohhh...

SMC, so if you had to make a VERY ROUGH guess.  If nothing else changed in my report and I paid it down from 92% to 0 or like 3%, what do you think my 617 would turn into?

JUST A GUESS I KNOW...

THANKS!!!!!!

[MarineVietVet]

No one has to guess anything. Bring your utilization down to your desired level and then you'll see for yourself.

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

[smc733]

It is based on where you are relative to other parts of FICO scoring, such as AAoA, inquiries, etc.

I'd venture a guess you'd probably be around 680, remember that once you get over 30%, all the damage is done.

[pritchardhallhokie]

SMC:  Once you get above 30% all the damage is done?  Do you mean once I have more than 30% utilization it shoots way down?  Or do you mean once I reach 30% I wont see much in terms of score increases by getting the uti even lower?

THANKS!!!!

[MarineVietVet]

---

@smc733 wrote:

It is based on where you are relative to other parts of FICO scoring, such as AAoA, inquiries, etc.

I'd venture a guess you'd probably be around 680, remember that once you get over 30%, all the damage is done.

---

I'm not sure what you mean by this. Are you saying that 31% utilization has the same effect on a score as 90%? I'm sorry for my confusion.

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

[smc733]

---

@MarineVietVet wrote:

---

@smc733 wrote:

It is based on where you are relative to other parts of FICO scoring, such as AAoA, inquiries, etc.

I'd venture a guess you'd probably be around 680, remember that once you get over 30%, all the damage is done.

---

I'm not sure what you mean by this. Are you saying that 31% utilization has the same effect on a score as 90%? I'm sorry for my confusion.

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

---

No, not at all.  Just that crossing that line represents the more dramatic drop, from there, 10% doesn't make as much of a drop.  IE

9 to 31 may cause a bigger drop than 50 to 80 or 31 to 62, etc.