Raising credit score

[Anonymous]

I thought a little high for joey too, what it’s worth as well, but we have had a couple report thresholds in between there but that still seems high for that. I could swallow the 8 but the 18 is just an outlier I guess. we know it’s profile dependent, unless there’s more to it and the mortgage is considered separately?

For OP, it wasn’t an AZ loss, but you could be under AU AZ loss on 8/9, since the authorize user account doesn’t have a balance reported.

[joeyv1985]

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@Anonymous wrote:
I thought a little high for joey too, what it’s worth as well, but we have had a couple report thresholds in between there but that still seems high for that. I could swallow the 8 but the 18 is just an outlier I guess. we know it’s profile dependent, unless there’s more to it and the mortgage is considered separately?

For OP, it wasn’t an AZ loss, but you could be under AU AZ loss on 8/9, since the authorize user account doesn’t have a balance reported.

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 Upon further review, my Fico 8 TU dropped 19 points to 778 when the Auto Loan reported PIF. Experian dropped 18 pts to 770 and EQ dropped 8 points to 769 when it reported. However, my Vantage 3.0 TU score takes the cake when it dropped me 31 pts to 763 when the Auto PIF reported. Ouch. When something like that happens, I can't help but think that I'm going to end up in the crosshairs of some of my creditors. To combat that, I'm working to keep my Amex Plat to report no more $500 per month and less than 2% CU for the revolvers($33,500 Total CL) all the while using the AZEO method. And as mentioned, paying off my mortgage principal. I'm taking no chances especially in this environment and the fact that I'm now self employed compared to a year ago. 

[Anonymous]

BM, do you feel confident in saying that his 8-18 point drops came [only] from aggregate installment loan utilization moving from 83% to 96%, meaning only the Amounts Owed category?  I personally do not, just curious your take.

[Anonymous]

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@Anonymous wrote:

BM, do you feel confident in saying that his 8-18 point drops came [only] from aggregate installment loan utilization moving from 83% to 96%, meaning only the Amounts Owed category?  I personally do not, just curious your take.

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@Anonymous as I said, it does sound a little high and it did raise my eyebrows as well. Are you suggesting mortgage loans may be counted separately and that was his full award? That would be a rather low award at 9 points on the one bureau and even the 18 at the high end.

definitely open to further speculation.

Oh, @joeyv1985 you needn’t worry about the platinum as it is not factored in the utilization except on EX2. that’s the thing about open ended Accounts true charge cards aren’t factored into revolving utilization, only on a special utilization on EX2.

[joeyv1985]

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@Anonymous wrote:

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@Anonymous wrote:

BM, do you feel confident in saying that his 8-18 point drops came [only] from aggregate installment loan utilization moving from 83% to 96%, meaning only the Amounts Owed category?  I personally do not, just curious your take.

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@Anonymous as I said, it does sound a little high and it did raise my eyebrows as well. Are you suggesting mortgage loans may be counted separately and that was his full award? That would be a rather low award at 9 points on the one bureau and even the 18 at the high end.

definitely open to further speculation.

Oh, @joeyv1985 you needn’t worry about the platinum as it is not factored in the utilization except on EX2. that’s the thing about open ended Accounts true charge cards aren’t factored into revolving utilization, only on a special utilization on EX2.

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10-4. Thanks Birdman. 

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

BM, do you feel confident in saying that his 8-18 point drops came [only] from aggregate installment loan utilization moving from 83% to 96%, meaning only the Amounts Owed category?  I personally do not, just curious your take.

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@Anonymous as I said, it does sound a little high and it did raise my eyebrows as well. Are you suggesting mortgage loans may be counted separately and that was his full award? That would be a rather low award at 9 points on the one bureau and even the 18 at the high end.

definitely open to further speculation.

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No, I definitely don't think that mortgage loans are counted separately.  I simply believe his scores gains came from a factor outside of Amounts Owed, as I don't see an aggregate move from 83% to 96% in either direction being significant from what I've read on this forum.  If a threshold has been identified in that range though, I stand corrected.  I was thinking loan:revolver ratio could be at play, but I'm not sure what OPs file looks like.  For example, 2 loans and 8 revolvers would be a 1:4 ratio, arguably ideal... where dropping 1 loan off and moving to 1:8 could be less than ideal.  Just sort of thinking out loud.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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@Anonymous wrote:

BM, do you feel confident in saying that his 8-18 point drops came [only] from aggregate installment loan utilization moving from 83% to 96%, meaning only the Amounts Owed category?  I personally do not, just curious your take.

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@Anonymous as I said, it does sound a little high and it did raise my eyebrows as well. Are you suggesting mortgage loans may be counted separately and that was his full award? That would be a rather low award at 9 points on the one bureau and even the 18 at the high end.

definitely open to further speculation.

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No, I definitely don't think that mortgage loans are counted separately.  I simply believe his scores gains came from a factor outside of Amounts Owed, as I don't see an aggregate move from 83% to 96% in either direction being significant from what I've read on this forum.  If a threshold has been identified in that range though, I stand corrected.  I was thinking loan:revolver ratio could be at play, but I'm not sure what OPs file looks like.  For example, 2 loans and 8 revolvers would be a 1:4 ratio, arguably ideal... where dropping 1 loan off and moving to 1:8 could be less than ideal.  Just sort of thinking out loud.

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@Anonymous no I definitely agree the point changes sounded rather out of range, definitely an outlier, and I'm definitely open to the fact that other factors could've been an in play and you could be correctly identifying one of what could be one or more reasons. Concur.

[joeyv1985]

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@Anonymous wrote:

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@Anonymous wrote:

BM, do you feel confident in saying that his 8-18 point drops came [only] from aggregate installment loan utilization moving from 83% to 96%, meaning only the Amounts Owed category?  I personally do not, just curious your take.

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@Anonymous as I said, it does sound a little high and it did raise my eyebrows as well. Are you suggesting mortgage loans may be counted separately and that was his full award? That would be a rather low award at 9 points on the one bureau and even the 18 at the high end.

definitely open to further speculation.

Oh, @joeyv1985 you needn’t worry about the platinum as it is not factored in the utilization except on EX2. that’s the thing about open ended Accounts true charge cards aren’t factored into revolving utilization, only on a special utilization on EX2.

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Well, one of my Citi cards just reported and the balance went from $0 to $99(Annual Fee, $10,500 CL) and Equifax dropped me 6 pts to 763. Just can't win. That puts muy the CU of my revolvers at $120 out of $33,500. That's not even at 1/2 percent! Since my Auto reported PIF are my scores that much more sensitive to fluctuations? Amex Plat(Charge Card) is at $228(From $421) and my Mortgage has 4% of the original balance paid off.

[Anonymous]

If your Citi reported balane just moved from $0 to $99, you just increased your number of accounts with a balance.  That's a scoring metric and could be the reason for your score drop.  I would bet on that being the more likely cause rather than the minor utilization percentage change.

[joeyv1985]

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@Anonymous wrote:

If your Citi reported balane just moved from $0 to $99, you just increased your number of accounts with a balance.  That's a scoring metric and could be the reason for your score drop.  I would bet on that being the more likely cause rather than the minor utilization percentage change.

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Ok. I just paid it off. Something tells me I'm going to take another hit when I do.