TU not moving much after CC payment

[Anonymous]

I have three credit cards with high balances.  Which put my utilization over 64%.   I payed off two of the credit cards for $15,000.   My last one I cannot pay off yet.  My total untilization after the pay off is 26%.  My EX score when up 12 pts and my EQ score when up 10.   TU my lowest FICO score rating I thought would jump the most but it only went up 5 pts.  Is there some other update that has to happen at TU that would raise my score some more?  The alert on myFICO was my account balance went down 15k TU went up 5 pts.  Does TU look at Utilaztion at a different date to adjust for that?  Or is that it?  I only get a 5 pt gain for getting my utilization under 30%?

[A1Credit]

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@Anonymouswrote:

I have three credit cards with high balances.  Which put my utilization over 64%.   I payed off two of the credit cards for $15,000.   My last one I cannot pay off yet.  My total untilization after the pay off is 26%.  My EX score when up 12 pts and my EQ score when up 10.   TU my lowest FICO score rating I thought would jump the most but it only went up 5 pts.  Is there some other update that has to happen at TU that would raise my score some more?  The alert on myFICO was my account balance went down 15k TU went up 5 pts.  Does TU look at Utilaztion at a different date to adjust for that?  Or is that it?  I only get a 5 pt gain for getting my utilization under 30%?

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I feel you.  TU used to be my best score out of the 3, now it is the lowest.  While I received decent point increases for paying all cards to 0 expect one, TU gave me the least amount.  EQ is my best friend now with EX a close second.

[Anonymous]

Hard to say what is going on.  It may have to do in part with the fact that you have a bankruptcy on your reports 2.5 years ago.  That's going to make improving your other scoring factors (CC balances, etc.) have less of an impact.

But the important thing is that you are working to pay off all your CC debt.  When you have all cards at zero with one card reporting a small balance, you can pull back and see what the scoring impact is (though even still you may wish to give it an extra month beyond that).  Until then you should keep on doing what you are doing.

[Anonymous]

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@Anonymouswrote:

Hard to say what is going on.  It may have to do in part with the fact that you have a bankruptcy on your reports 2.5 years ago.  That's going to make improving your other scoring factors (CC balances, etc.) have less of an impact.

But the important thing is that you are working to pay off all your CC debt.  When you have all cards at zero with one card reporting a small balance, you can pull back and see what the scoring impact is (though even still you may wish to give it an extra month beyond that).  Until then you should keep on doing what you are doing.

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The OP's BK13 was dismissed in 2015, which means that it was likely filed in 2010 since most BK13 lasts 5 years. That would make his BK 8 years old and should have fallen off his report by now, which means it should have no effect on his score?

[Anonymous]

Good point TC.  Sounds like our OP would need to let us know what his reports say (does the BK still appear on each of the three reports) and if so when was it filed.

[Anonymous]

The BK is still on my report until Sept 2019.   But it is 5 1/2 years since I filed.   So I will have to wait for that to fall off.  Also there is a credit card that shows negative on TU but not EX.  So I am trying to find out why that is.  

[Anonymous]

Ok so this is a moot point.  I wanted my TU to be good to get the Barclay AA card.   I applied and was rejected.  I reconned and they said I burned them in my BK.  I don't remember that.  They said it was Upromise.  The only Upromise statement I have on my computer states it was Citi.  So I don't know if it changed hands. My old credit reports do not have anything but Barclay Juniper account that was paid in full.  So I turned around and went for the card I really wanted the Citi Costco card.   I got it so whatever happened between Upromise, Citi and Barclay is irrelevant.  I got a AMEX card also.  So I'm good until after my BK falls off in Sept 2019.

[Anonymous]

I just logged into Credit Karma and my scores just jumped 65 points for getting my utilizaiton down.  I wonder if the myFICO scores will take a jump tomorrow.