@Anonymous wrote:
I'm not sure... I just went on experian's website and got all 3 of my scores.
Should be legit FICO 8 then; how many credit cards (or other revolvers like a LOC) do you have, what was the aggregate utilization, and any idea on AAOA? I'm assuming your file is clean?
My apologies for the deluge of questions, just trying to get a better idea of why you took a 50 point drop for a simple single tradeline reporting at max.
@Anonymous wrote:My file is clean as a whistle!
AAOA is around 2-3 years
I own around 18 credit cards total
Utilization is standing at 9% right now
Well everything looks good there. It's not a thin file, and while it's youngish, it's not painfully so.
It would be worthwhile knowing how many of your 18 cards were reporting a balance when Best Buy hit, but crossing a benchmark in that factor would probably count for 5-7 points, not 50.
So... it will be most interesting to see what happens when you get that Best Buy card paid down.
Please let us know when either (a) you pay it down and it reports, or (b) you find out that there was something else at play
@Anonymous wrote:
@Anonymous wrote:Less than 2 weeks ago, I maxed out my best buy visa card and my scores were in the 720s across the board. I checked my experian and it's now standing at 670! This is what happens when you max your credit cards lol it's only temporarily if you pay it off
I went from 4% to 14% and lost 21 points on EX, 18 points on TU and 23 points on EQ. Paid back down to 6%. I should see a decent recovery next month.
And that was without maxing a card.
Wow
@SouthJamaica wrote:
@Anonymous wrote:
@Anonymous wrote:Less than 2 weeks ago, I maxed out my best buy visa card and my scores were in the 720s across the board. I checked my experian and it's now standing at 670! This is what happens when you max your credit cards lol it's only temporarily if you pay it off
I went from 4% to 14% and lost 21 points on EX, 18 points on TU and 23 points on EQ. Paid back down to 6%. I should see a decent recovery next month.
And that was without maxing a card.
Wow
I thought it might be aggregate at first glance, and given the penalty I take on my dirty file on an older algorithm for going north of 10% aggregate I can see that. I'm not a clean file so unfortunately my own revolving utilization tests don't necessarily apply but color me surprised if that's individual too.
@Revelate wrote:
@SouthJamaica wrote:
@Anonymous wrote:
@Anonymous wrote:Less than 2 weeks ago, I maxed out my best buy visa card and my scores were in the 720s across the board. I checked my experian and it's now standing at 670! This is what happens when you max your credit cards lol it's only temporarily if you pay it off
I went from 4% to 14% and lost 21 points on EX, 18 points on TU and 23 points on EQ. Paid back down to 6%. I should see a decent recovery next month.
And that was without maxing a card.
Wow
I thought it might be aggregate at first glance, and given the penalty I take on my dirty file on an older algorithm for going north of 10% aggregate I can see that. I'm not a clean file so unfortunately my own revolving utilization tests don't necessarily apply but color me surprised if that's individual too.
My aggregate is 14% but I let my Venture report $17,860.00 which brought that card to 64% UTI is why I got slammed. Everything else reported zero except my EDP showed a $6 balance.
Paid the Venture down to 29%. So I am waiting for that to report. Then my aggregate will be 6%. Very interesting.
@Anonymous wrote:
@Revelate wrote:
@SouthJamaica wrote:
@Anonymous wrote:
@Anonymous wrote:Less than 2 weeks ago, I maxed out my best buy visa card and my scores were in the 720s across the board. I checked my experian and it's now standing at 670! This is what happens when you max your credit cards lol it's only temporarily if you pay it off
I went from 4% to 14% and lost 21 points on EX, 18 points on TU and 23 points on EQ. Paid back down to 6%. I should see a decent recovery next month.
And that was without maxing a card.
Wow
I thought it might be aggregate at first glance, and given the penalty I take on my dirty file on an older algorithm for going north of 10% aggregate I can see that. I'm not a clean file so unfortunately my own revolving utilization tests don't necessarily apply but color me surprised if that's individual too.
My aggregate is 14% but I let my Venture report $17,860.00 which brought that card to 64% UTI is why I got slammed. Everything else reported zero except my EDP showed a $6 balance.
Paid the Venture down to 29%. So I am waiting for that to report. Then my aggregate will be 6%. Very interesting.
Actually going over 10% aggregate is probably what you saw or some combination of the two. We need a lot more data but 64% on a tradeline is a smaller penalty if at all on most scorecards.
@Revelate wrote:
@Anonymous wrote:
@Revelate wrote:
@SouthJamaica wrote:
@Anonymous wrote:
@Anonymous wrote:Less than 2 weeks ago, I maxed out my best buy visa card and my scores were in the 720s across the board. I checked my experian and it's now standing at 670! This is what happens when you max your credit cards lol it's only temporarily if you pay it off
I went from 4% to 14% and lost 21 points on EX, 18 points on TU and 23 points on EQ. Paid back down to 6%. I should see a decent recovery next month.
And that was without maxing a card.
Wow
I thought it might be aggregate at first glance, and given the penalty I take on my dirty file on an older algorithm for going north of 10% aggregate I can see that. I'm not a clean file so unfortunately my own revolving utilization tests don't necessarily apply but color me surprised if that's individual too.
My aggregate is 14% but I let my Venture report $17,860.00 which brought that card to 64% UTI is why I got slammed. Everything else reported zero except my EDP showed a $6 balance.
Paid the Venture down to 29%. So I am waiting for that to report. Then my aggregate will be 6%. Very interesting.
Actually going over 10% aggregate is probably what you saw or some combination of the two. We need a lot more data but 64% on a tradeline is a smaller penalty if at all on most scorecards.
Could of been because I have never gone over the 10% threshold? I thought it was a big hit. I hope I win some good points back once it reports.
@Anonymous wrote:Could of been because I have never gone over the 10% threshold? I thought it was a big hit. I hope I win some good points back once it reports.
My guess is you'll get all of them back... if you don't (excluding the obvious something else changed, like my last unexpectedly sloppy datapoint for 41% individual which appears to be a new revolvers with balances metric on my potentially new dirty scorecard, whouda thunk that?) then maybe there's a low entry individual utilization breakpoint in there between 30% and 10%, I've just never had a quality datapoint that suggested there was one there, and actually my most recent EX datapoint might suggest there isn't one there, hard to say with an unclean datapoint.
(for reference, lost 5 points on EX, 4 on EQ by seemingly going from 0 to 41%, then gained 5 points back on EX by paying $3 to $0 on a 20K line, blah, with 16 open revolvers at zero and only 2->3->2 and I never ever saw that before below 1/2 revolvers on EX, possibly my lien or lates going over the 6 year mark shifting scorecards just so hard to say).