Score up 58 points, does this make sense!!!

[Kkhalil85]

Hi all,

I just received an alert that my Equifax  score changed.

FICO® SCORE CHANGE

722---->>>780

CHASE CARD
ACCOUNT BALANCE
$14,682 -->>> $12,947, also my credit limit got increased from 19K to 23K.

I almost fell on the floor when i seen this, I am by no way complaining, just trying to understand.  Thank you in advance.

MyFico scores: Equifax  780/ TransUnion  740/ Experian  782

[Revelate]

Two questions:

1) Did something fall off (not tracked by any of the 3 bureaus' monitoring to my understanding)

2) Did the CLI change your aggregate revolving utilization materially?

There's a few other potential factors all involving changes not tracked by the monitoring solution and the score change simply was rolled up with the balance change, but these would be the two most likely culprits given the large swing.

[Kkhalil85]

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@Revelate wrote:

Two questions:

1) Did something fall off (not tracked by any of the 3 bureaus' monitoring to my understanding)

2) Did the CLI change your aggregate revolving utilization materially?

There's a few other potential factors all involving changes not tracked by the monitoring solution and the score change simply was rolled up with the balance change, but these would be the two most likely culprits given the large swing.

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1) I have 3 120 day late from Dec 2008 and Jan & Feb 2009 on BOA account, and 1 120 day late from Jan 2009 on a FIA account.  Also 2 DCU inquiries on 9/5/14, could these 2 inquiries aging to a year make the difference.  I just pulled my Credit Secure report and compared it last month report,  I now only see the 2 120 days late from Jan & Feb 2009 on BOA account, FIA does't show any negative info.  I know CS scores dont mean much, but it only changed from 707 --->>718.

2) My total available credit is ~95K, total Balance ~15K, not counting about 40K of AU accounts. (not sure if this is what you meant).

[Thomas_Thumb]

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@Kkhalil85 wrote:

Hi all,

I just received an alert that my Equifax  score changed.

FICO® SCORE CHANGE

722---->>>780

CHASE CARD
ACCOUNT BALANCE
$14,682 -->>> $12,947, also my credit limit got increased from 19K to 23K.

I almost fell on the floor when i seen this, I am by no way complaining, just trying to understand.  Thank you in advance.

MyFico scores: Equifax  780/ TransUnion  740/ Experian  782

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Looks like UT% on the card dropped from 75.8% to 56.6%. That score shift seems out of proportion to the reduction in card UT% even if there was a 75% "max out" threshold for cards- which is not supported by evidence.

Look in your report to see if something aged off ... or aged up and crossed a milestone threshold that would contribute to the score boost.If you reported a balance on 100% of cards before and less now that would also contribute to a score increase.

My guess is some factor crossed a key milestone relative to aging - most likely associated with late payments falling off a report.

[Kkhalil85]

could it be the 2 inquires becoming a year old (9/5/14), total of 3 inquiries. 

[Revelate]

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@Kkhalil85 wrote:

could it be the 2 inquires becoming a year old (9/5/14), total of 3 inquiries. 

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PRobably not that large of a shift.

Lates become more irrelevant as time goes on; I'd agree with TT that likely one of your negatives aged beyond a boundary or fell off.