Reported more $ this month and taking beating from TU

[Anonymous]

I've been reporting about $2k the past couple of months which is about 2% of my total CL. I decided to let my cards post and just sit back and PIF them. Well, I let over $4,300 post the past 2 weeks and now 4%, plus two INQs. My TU score has tumbled from 810 to 796 today and EQ went down to 789 from 792. EX has stayed at 792 surprisingly. This week I cleaned it all back down to about $2k again, and by the time they all report again should be reporting about $1,500. I'm curious if the TU score will jump back up again or not. I guess jumping from 2% to 4% makes them really nervous. My HD card reported a $6k CLI too and that didn't help either.

[Anonymous]

Yes, TU kicks you with higher UT.  But they should bounce back.  I find EX gives me a boost?  EQ is normal all of the time.  

[Thomas_Thumb]

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@Anonymous wrote:

I've been reporting about $2k the past couple of months which is about 2% of my total CL. I decided to let my cards post and just sit back and PIF them. Well, I let over $4,300 post the past 2 weeks and now 4%, plus two INQs. My TU score has tumbled from 810 to 796 today and EQ went down to 789 from 792. EX has stayed at 792 surprisingly. This week I cleaned it all back down to about $2k again, and by the time they all report again should be reporting about $1,500. I'm curious if the TU score will jump back up again or not. I guess jumping from 2% to 4% makes them really nervous. My HD card reported a $6k CLI too and that didn't help either.

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Are the inquiries new and did they report on all CRAs? Often inquiries are not made to all CRAs. This could be one reason why EX did not change.If your scores were only affected by an increase in utilization %, they will go back up when utilization drops. If you requested the CLI then a new hard inquiry may have impacted your score.

Utilization note: Every month a new utilization % is calculated - it is only the new number that models use for scoring.

Howeveer... hard inquiries stay on your report for two years and are used in Fico scoring models for one year. If your score(s) do not bounce back when you lower utilization % it IS NOT because you allowed 4% to report one month.

[Anonymous]

Come on a 14 point tumble is hardly a tumble. You have to expect a fall in scores with higer utilization. But 14 points from that level is not a tumble. It should be expected. 

[Revelate]

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@Anonymous wrote:

I've been reporting about $2k the past couple of months which is about 2% of my total CL. I decided to let my cards post and just sit back and PIF them. Well, I let over $4,300 post the past 2 weeks and now 4%, plus two INQs. My TU score has tumbled from 810 to 796 today and EQ went down to 789 from 792. EX has stayed at 792 surprisingly. This week I cleaned it all back down to about $2k again, and by the time they all report again should be reporting about $1,500. I'm curious if the TU score will jump back up again or not. I guess jumping from 2% to 4% makes them really nervous. My HD card reported a $6k CLI too and that didn't help either.

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IT was probably the inquiries rather than the utilization.  4% is hardly anything to worry about.  Also taking a beating imo is when you're at 710ish, get a new tax lien, and get whacked down to 650 hah .  Anything north of 760 is the equivalent of monopoly money for FICO scoring.

[Anonymous]

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@Anonymous wrote:

Come on a 14 point tumble is hardly a tumble. You have to expect a fall in scores with higer utilization. But 14 points from that level is not a tumble. It should be expected. 

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Sorry, but to me it sure is. It knocked me below 800 which is something I was proud of achieving.

[Anonymous]

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@Revelate wrote:

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@Anonymous wrote:

I've been reporting about $2k the past couple of months which is about 2% of my total CL. I decided to let my cards post and just sit back and PIF them. Well, I let over $4,300 post the past 2 weeks and now 4%, plus two INQs. My TU score has tumbled from 810 to 796 today and EQ went down to 789 from 792. EX has stayed at 792 surprisingly. This week I cleaned it all back down to about $2k again, and by the time they all report again should be reporting about $1,500. I'm curious if the TU score will jump back up again or not. I guess jumping from 2% to 4% makes them really nervous. My HD card reported a $6k CLI too and that didn't help either.

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IT was probably the inquiries rather than the utilization.  4% is hardly anything to worry about.  Also taking a beating imo is when you're at 710ish, get a new tax lien, and get whacked down to 650 hah .  Anything north of 760 is the equivalent of monopoly money for FICO scoring.

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Even though I never tracked my score until this past January, I can guarantee I was never above 700 until my 2 cards were PIF that had high balances. I'd  have loved to track that jump. Anyway, to me that is a huge drop and a blow to my 800+ score for me personally after all the years of being a slave to credit. I'm also thinking that it was the two INQ that was the main culprit. Will see next month when a lot less gets reported.

[Revelate]

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@Anonymous wrote:

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@Revelate wrote:

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@Anonymous wrote:

I've been reporting about $2k the past couple of months which is about 2% of my total CL. I decided to let my cards post and just sit back and PIF them. Well, I let over $4,300 post the past 2 weeks and now 4%, plus two INQs. My TU score has tumbled from 810 to 796 today and EQ went down to 789 from 792. EX has stayed at 792 surprisingly. This week I cleaned it all back down to about $2k again, and by the time they all report again should be reporting about $1,500. I'm curious if the TU score will jump back up again or not. I guess jumping from 2% to 4% makes them really nervous. My HD card reported a $6k CLI too and that didn't help either.

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IT was probably the inquiries rather than the utilization.  4% is hardly anything to worry about.  Also taking a beating imo is when you're at 710ish, get a new tax lien, and get whacked down to 650 hah .  Anything north of 760 is the equivalent of monopoly money for FICO scoring.

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Even though I never tracked my score until this past January, I can guarantee I was never above 700 until my 2 cards were PIF that had high balances. I'd  have loved to track that jump. Anyway, to me that is a huge drop and a blow to my 800+ score for me personally after all the years of being a slave to credit. I'm also thinking that it was the two INQ that was the main culprit. Will see next month when a lot less gets reported.

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Were the two inquiries explicitly on TU or some other bureau as well?

[Anonymous]

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@Revelate wrote:

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@Anonymous wrote:

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@Revelate wrote:

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@Anonymous wrote:

I've been reporting about $2k the past couple of months which is about 2% of my total CL. I decided to let my cards post and just sit back and PIF them. Well, I let over $4,300 post the past 2 weeks and now 4%, plus two INQs. My TU score has tumbled from 810 to 796 today and EQ went down to 789 from 792. EX has stayed at 792 surprisingly. This week I cleaned it all back down to about $2k again, and by the time they all report again should be reporting about $1,500. I'm curious if the TU score will jump back up again or not. I guess jumping from 2% to 4% makes them really nervous. My HD card reported a $6k CLI too and that didn't help either.

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IT was probably the inquiries rather than the utilization.  4% is hardly anything to worry about.  Also taking a beating imo is when you're at 710ish, get a new tax lien, and get whacked down to 650 hah .  Anything north of 760 is the equivalent of monopoly money for FICO scoring.

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Even though I never tracked my score until this past January, I can guarantee I was never above 700 until my 2 cards were PIF that had high balances. I'd  have loved to track that jump. Anyway, to me that is a huge drop and a blow to my 800+ score for me personally after all the years of being a slave to credit. I'm also thinking that it was the two INQ that was the main culprit. Will see next month when a lot less gets reported.

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Were the two inquiries explicitly on TU or some other bureau as well?

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Actually it was a HP from Home Depot (even though they told me it would be a SP- dont know if I can fight that one or not) and the PayPal Credit and both were EQ pulls. I can see more of the 3 point drop on EQ than TU. In fact, with TU, I have 5 INQ that just aged 2 years and are off the report.

[dman23]

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@Anonymous wrote:

I've been reporting about $2k the past couple of months which is about 2% of my total CL. I decided to let my cards post and just sit back and PIF them. Well, I let over $4,300 post the past 2 weeks and now 4%, plus two INQs. My TU score has tumbled from 810 to 796 today and EQ went down to 789 from 792. EX has stayed at 792 surprisingly. This week I cleaned it all back down to about $2k again, and by the time they all report again should be reporting about $1,500. I'm curious if the TU score will jump back up again or not. I guess jumping from 2% to 4% makes them really nervous. My HD card reported a $6k CLI too and that didn't help either.

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I lost 25 points when I accidentally paid in full my three credit cards. I usually leave one card with a balance and a 4% credit utilization ratio. The following month I regained 21 of the 25 point loss when I left the one card with a balance and a 4% cu. The following month I regained all I lost, plus one point.

I would expect you'll regain the points lost, if any, from the affects of going from 2% to 4%.