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Last month I let $220 report on a card with a $7K limit and total tradelines of $20K. No other balances of any kind, no lates, no misseds, 2 years of history, FICOs of 755, 765, and 770 [now also 765].
The other day EQ dinged me for 5 points saying that my "debt" went up by $220 as last month I let only $10 on one card report.
3% of one card's limit and 1/10 of 1% of all avaialble credit costs you 5 points? Really?
I have been practicing AZEO for almost 3 years. I leave a $3 balance month-to-month on my Savor One card. My total CLs reporting total around $230K. While I always PIF...aside from the $3...there are months where a greater balance reports on an additional card, such as when my $250 AF posts on one of my Amex cards. I have never experienced the month-to-month ding you are reporting.
And it's their reporting/monitoring service telling me that's specifically why it went down 5 points.
The only other thing that changed last month was getting a $5K CLI on my CFF - which I would have thought might actually increase my scores by 5 points or so.
Seems stupid, but there it is.
@elboullee wrote:And it's their reporting/monitoring service telling me that's specifically why it went down 5 points.
The only other thing that changed last month was getting a $5K CLI on my CFF - which I would have thought might actually increase my scores by 5 points or so.
Seems stupid, but there it is.
Does the EQ monitoring on their website use Vantage scoring or FICO scoring? Vantage can be quite finicky. I monitor through MyFico and Experian. I haven't really paid attention to the EQ scoring on the EQ website via the free subscription so I can't recall.
The point loss does seem strange.
@Jeffster1 wrote:
@elboullee wrote:And it's their reporting/monitoring service telling me that's specifically why it went down 5 points.
The only other thing that changed last month was getting a $5K CLI on my CFF - which I would have thought might actually increase my scores by 5 points or so.
Seems stupid, but there it is.
Does the EQ monitoring on their website use Vantage scoring or FICO scoring? Vantage can be quite finicky. I monitor through MyFico and Experian. I haven't really paid attention to the EQ scoring on the EQ website via the free subscription so I can't recall.
The point loss does seem strange.
Vantage on CK, both on their own site.
Last time I checked, my EQ Vantage was 775. My EQ FICO went from 770 to 765 so no great tragedy, but still weird.
@Jeffster1 wrote:
@elboullee wrote:And it's their reporting/monitoring service telling me that's specifically why it went down 5 points.
The only other thing that changed last month was getting a $5K CLI on my CFF - which I would have thought might actually increase my scores by 5 points or so.
Seems stupid, but there it is.
Does the EQ monitoring on their website use Vantage scoring or FICO scoring? Vantage can be quite finicky. I monitor through MyFico and Experian. I haven't really paid attention to the EQ scoring on the EQ website via the free subscription so I can't recall.
The point loss does seem strange.
@Jeffster1 @elboullee I was just about to say that sounds like some Vantage score shenanigans! I've been doing AZEO since 2020 and I've only seen stuff like this happen on reports with Vantage scores. On MyFico my scores aren't affected by small increases like this.
@elboullee wrote:
@Jeffster1 wrote:
@elboullee wrote:And it's their reporting/monitoring service telling me that's specifically why it went down 5 points.
The only other thing that changed last month was getting a $5K CLI on my CFF - which I would have thought might actually increase my scores by 5 points or so.
Seems stupid, but there it is.
Does the EQ monitoring on their website use Vantage scoring or FICO scoring? Vantage can be quite finicky. I monitor through MyFico and Experian. I haven't really paid attention to the EQ scoring on the EQ website via the free subscription so I can't recall.
The point loss does seem strange.
Vantage on CK, both on their own site.
Last time I checked, my EQ Vantage was 775. My EQ FICO went from 770 to 765 so no great tragedy, but still weird.
@elboullee for some reason the vantage scores seem to be a lot more sensitive than the Fico scores. I bet your Fico's didn't decrease at all. Your utilization is still below 9% and is in a great position. I do AZEO too and usually my scores don't go down when a balance under 9% utilization posts.
@Jordan23ww wrote:
@elboullee wrote:
@Jeffster1 wrote:
@elboullee wrote:And it's their reporting/monitoring service telling me that's specifically why it went down 5 points.
The only other thing that changed last month was getting a $5K CLI on my CFF - which I would have thought might actually increase my scores by 5 points or so.
Seems stupid, but there it is.
Does the EQ monitoring on their website use Vantage scoring or FICO scoring? Vantage can be quite finicky. I monitor through MyFico and Experian. I haven't really paid attention to the EQ scoring on the EQ website via the free subscription so I can't recall.
The point loss does seem strange.
Vantage on CK, both on their own site.
Last time I checked, my EQ Vantage was 775. My EQ FICO went from 770 to 765 so no great tragedy, but still weird.
@elboullee for some reason the vantage scores seem to be a lot more sensitive than the Fico scores. I bet your Fico's didn't decrease at all. Your utilization is still below 9% and is in a great position. I do AZEO too and usually my scores don't go down when a balance under 9% utilization posts.
@Jordan23ww 🎯🎯🎯🎯
@elboullee wrote:Last month I let $220 report on a card with a $7K limit and total tradelines of $20K. No other balances of any kind, no lates, no misseds, 2 years of history, FICOs of 755, 765, and 770 [now also 765].
The other day EQ dinged me for 5 points saying that my "debt" went up by $220 as last month I let only $10 on one card report.
3% of one card's limit and 1/10 of 1% of all avaialble credit costs you 5 points? Really?
No. You don't know what cost the 5 points.
@SouthJamaica wrote:You don't know what cost the 5 points.
Know for a fact - no, probably not.
But when only three things changed, and two of them were positive [total credit +$5K, AAoA/AoOA +1 month], then I think you can reasonably start to make some educated guesses.
And when EQ sends you a change-in-score alert email and says it's because "your total debt incresed from $10 last month to $220 this month", you put all that together and it isn't crazy to come to the conclusion that it's the $220 that did it.