Score increased in one bureau not others

[Anonymous]

Got a myFICO alert re Fico 8 score that My Experien just shot up 45 points!I simply made sure my capital one showed a 1% utilization! Wow!. But why don’t TU and Equifax show that? I’ve had this card four years. CL is 500$ FYI

[Anonymous]

A few things.  Has your new CO balance reported to all bureaus, or just the one that you saw the score boost on?  Second, can you clarify what you mean by showing 1% utilization?  What was your utilization previously on the card?  Is that your only card?  If not, do all of your other cards have zero balances?

For you to see a 45 point gain, I would have to think that this is your only CC and that your balance was something in the $150-$300 range on your $500 limit previously?  If you took it down to 1%, you're saying you went from that $150-$300 reported balance down to a $5 reported balance?

[Anonymous]

My limit is 500$ and last month it reported a balance of 76$. It is my only active card. I have another cc that is closed with a very high utilization. So far from credit karma the 5$ balance this month is reflected also on TU. I can’t see my equifax report so I don’t know.

[HeavenOhio]

Karma will show you your Equifax report. Of course, you should ignore the TU and EQ VantageScores.

[Anonymous]

The Credit Karma is staring No Data under the credit card/utilization section. Been like that for ages. So karma does not have my credit card info. And I know my cards report to all bureaus. So I’m out of luck

[Anonymous]

To clarify more: credit karma does not show the capital one card but it does show the closed cc I have. And it still states No Data under Credit Utilization. And I did verify that capital one reports to equifax I’ve had the card four years.

[Anonymous]

And I looked at my Fico 3B report it shows that capital one only with TU and Experien. Right now my Fico 5,4, 2 has Equifax as my middle score of 677, so maybe it’s best that capital one doesn’t report to them? I had a few lates in 2014, 2015 that I wouldn’t want to bring down my 677. Not sure if it would or not?

[Anonymous]

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@AnonymousMy limit is 500$ and last month it reported a balance of 76$. It is my only active card. I have another cc that is closed with a very high utilization. So far from credit karma the 5$ balance this month is reflected also on TU. I can’t see my equifax report so I don’t know.

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So then, last month you were at 15% utilization on that card and this month you took it to 1% utilization.  Crossing that threshold on an individual card could result in no gain or it could result in a slight gain. 

When you say you have another CC that is closed with high utilization, what do you mean?  Did you close the card when it still had a balance?  If so, what balance remains on it?  Since it's closed, it's limit is no longer considered, only it's balance.  It sounds then like you have only one open revolver and it has a $5 reported balance on it.  Whatever balance remains on the closed card should be added to your $5 remaining balance to determine your aggregate utilization.  So, say you owe $350 on the closed account.  Your utilization would be $355/$500 or 71%.  It also means that your previous utilization was seen as $426/$500, or 86%.  Of course, those numbers are just for example purposes and you'd have to provide more data here to get the real numbers.  That being said, say the numbers above were accurate... I don't see any way that you would have gained 45 points in going from 86% aggregate utilization to 71% aggregate utilization, so the score increase would have to be from something else other than the utilization change (in that example).

[Anonymous]

The closed cc Merrick Bank) has a balance of 710$ out of a 1000$ CL. It was closed with a balance two years ago i think. That alert I got today from myFICO specifically states score went up 45 points due to my cc balance on capital one going to 5$. There is no other reason stated.

[Anonymous]

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@AnonymousThe closed cc Merrick Bank) has a balance of 710$ out of a 1000$ CL. It was closed with a balance two years ago i think. That alert I got today from myFICO specifically states score went up 45 points due to my cc balance on capital one going to 5$. There is no other reason stated.

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The alert you received doesn't state why your score changed.  All the alert states is that your balance changed.  You are provided with a new score at the time, but any infinite number of factors could have contributed to the score change.  The change may have had something to do with the balance change, but it's also completely possible that it had nothing to do with it.  Based on the number you provided above, I'd say it had nothing to do with it at all.

If you have a $710 balance on the closed account, your "amount owed" would have dropped from $785 out of $500 available to $715 out of $500 available.  Your aggregate utilization is maxed out both before and after the updated reported balance on your Capital One card.  The only thing that changed was your individual card utilization dropping from 15% to 1%, which may have been good for a slight score increase, but not 45 points IMO. 

Can I ask why you've had a $710 balance on a closed account for 2 years?  I would think that with just making minimum payments for 24 cycles that you would have paid that off by now, or pretty close anyway?  Do you have late payments on that account, or did you stop paying it completely at some point?