Scores increase at 19% CC aggregate utilization

800scoreplease · ‎01-11-2022

Hi

My Equifax Fico 8 went from 795 to 802

My Experian went from 775 to 779

My Transunion score won't be available until later this month

the only change was aggregate utilization went from 20% to 19%. I only have one cc reporting a balance and the individual utilization is sitting at 62%.

my only two other accounts reporting any balance is a student loan that hasn't updated since Nov and a newly refinanced mortage that is less than 3% paid off.

Starting Score: 727
Current Lowest Score: 820
Goal Lowest Score: 825
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JFox418 · ‎01-11-2022

Good to know. I'm shifting around some CC balances to new accounts to save interest. Was over 800 and dropped back under after hardpulls hit for the new accounts. I'm going to have 2 accounts over %50 and my aggregate will be down to %25 or so. It'll be nice to get it under %20 soon!

You'll get a nice bump once that individual account is under %49 too

Who_wuda_thought · ‎01-11-2022

Depending on when the newest card reports, it could possibly be the first bump you are seeing for aging of a new account. One will see this score increase usually in the 4th month reporting, but it can lag a bit. You mentioned in your other post that you got a new card 8/2021.

Scores as of February 3, 2023:

FireMedic1 · ‎01-11-2022

@800scoreplease wrote:
Hi

My Equifax Fico 8 went from 795 to 802
My Experian went from 775 to 779
My Transunion score won't be available until later this month
the only change was aggregate utilization went from 20% to 19%. I only have one cc reporting a balance and the individual utilization is sitting at 62%.

my only two other accounts reporting any balance is a student loan that hasn't updated since Nov and a newly refinanced mortage that is less than 3% paid off.

Wait till that goes below 28%. Then you'll see a nice bump.

Homeowner Sept 2020. 2021 Explorer ST Chase 3.1%. Sharing my rebuild after BK from learning here. Started 540's. FICO 9 801 as of 05/03/2023. I stayed around to pay it forward for those who helped me back then.

Junejer · ‎01-11-2022

@Who_wuda_thought wrote:
Depending on when the newest card reports, it could possibly be the first bump you are seeing for aging of a new account. One will see this score increase usually in the 4th month reporting, but it can lag a bit. You mentioned in your other post that you got a new card 8/2021.

I have to agree with this. Your aggregate utilization for your revolving cards are separate your installment loan utilization.