Testing the 1%-9% UTL theory

[dodfire]

So the past couple of months I have been playing with the UTL on my revolving accounts.

EQ just updated and my UTL last month 9% this month UTL 2%

***NO CHANGE IN SCORE***

[ezdoesit]

I thought I far as scoring goes it's 0-15,16-29 etc

[guiness56]

I would give it a few days.  EQ scores seem to be lagging.

Maybe it needs to be a bit higher.  Some have a sweet spot at 4%.

[dodfire]

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@guiness56 wrote:

I would give it a few days.  EQ scores seem to be lagging.

Maybe it needs to be a bit higher.  Some have a sweet spot at 4%.

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So when the balance is updated on EQ the score is not updated at the same time??

4% you say? I might try to hit that mark next month and see what happens.

[rossusa]

I went from 0% to 3% and dropped a point.

Maybe because the balance was on a new card?

[guiness56]

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@dodfire wrote:

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@guiness56 wrote:

I would give it a few days.  EQ scores seem to be lagging.

Maybe it needs to be a bit higher.  Some have a sweet spot at 4%.

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So when the balance is updated on EQ the score is not updated at the same time??

4% you say? I might try to hit that mark next month and see what happens.

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It should be but for some reason it hasn't.  Over on rebuilding I have read many posts where they don't get a bump in score for a few days after something significant happening.

The good thing with utilization is FICO has no memory of it and you can tinker around with it.

[guiness56]

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@rossusa wrote:

I went from 0% to 3% and dropped a point.

Maybe because the balance was on a new card?

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Is it your only card with a balance?

[rossusa]

Yes, I had all zeros and thought I'd try to leave a small balance on just one card.

[guiness56]

I hear this works best for the ones rebuilding.  Maybe not the case for those not.

At any rate, you could always try a different % and see what happens.  FICO generally doesn't like to all CC with no balance.

[YahComb]

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@guiness56 wrote:

I hear this works best for the ones rebuilding.  Maybe not the case for those not.

At any rate, you could always try a different % and see what happens.  FICO generally doesn't like to all CC with no balance.

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generally true, but its very dependent on your profile. For my profile, highest score is attained at zero balance. i lose less points going from less than 1%, to 1%, 2-5%, to 10%, than i do from 0% to less than 1%. I know the guy tracking his score when his balance changes over at "Otherboard" lost points going from les than 1% to no balance.