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The 'All At Just Under 8.99% Utilization' experiment

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Super Contributor

Re: The 'All At Just Under 8.99% Utilization' experiment

Lots of data, thanks for sharing.

If I recall, 2 CC so this is 100% of cards reporting?
The young age, low AoYA, and INQ approaching 6 months all contribute to improving scores.

It sounds like you aren’t believing 5%, 6%, 7% thresholds which is good.

It will be interesting to see how your scores evolve as the aging continues. Is there any way to move the statement date of the second card a week later? That would give you a clearer separation of score effects.
High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
Message 51 of 94
Established Contributor

Re: The 'All At Just Under 8.99% Utilization' experiment


@NRB525 wrote:
If I recall, 2 CC so this is 100% of cards reporting?

Yes, and I've been carrying the 'too many credit accounts with balances' ever since my first report with both revolving accounts showing but with only 1 card with a balance.

 

The young age, low AoYA, and INQ approaching 6 months all contribute to improving scores.

I thought all the points lost due to an inquiry came back at the one year mark. Do you mean that some of those points come back during the year?

 

It sounds like you aren’t believing 5%, 6%, 7% thresholds which is good.

I had to see it for myself. I really thought this 6 to 5 aggregate change was going to show a gain of a few points. Experian didn't change one single score this month.

 

It will be interesting to see how your scores evolve as the aging continues. Is there any way to move the statement date of the second card a week later? That would give you a clearer separation of score effects.

I think that's a really good idea too.

 

I've noticed that these myFICO alerts really depend on the card issuer's technology. The payment processor that my credit union uses - PSCU - is definitely on top of their game. I get myFICO alerts with TU score changes the very next afternoon with them.

 

This is the first month I saw an EQ score change alert as well, also due to that card reporting, but 1 day later than the TU balance change alert.

27 FICO Scores + 3 VS3. MTG (Mortgage), AUT (Auto), and BKC (Bankcard) are scores 5,4, and 2 from the top.

New CRADIS contacts, bearing 1 carom 9. Just think of EQ, TU, and EX as Cylon Basestars.

Message 52 of 94
Valued Contributor

Re: The 'All At Just Under 8.99% Utilization' experiment

How can you tell what payment processor a CU uses? And the points for inquiries do come back all at once in a year, IMHO.







Installment loan reported this month,so technically, I'm at 2 months, but AoYA points were NOT reset. When new CCs hit and it is reset, I'll put the number it is.+1,+2,+2(Forgive typos, mobile.)(Everything said is Just IMHO.)
Scores updated AUG 4, '19. Since then, 5 HP dings to add; will update again.
Message 53 of 94
Established Contributor

Re: The 'All At Just Under 8.99% Utilization' experiment


@Birdman7 wrote:
How can you tell what payment processor a CU uses? And the points for inquiries do come back all at once in a year, IMHO.

On my credit union's online banking site, when I click to make a payment or view a statement balance on my card I get a popup that shows the domain name of the payment processor.

Their name also shows on my credit reports right before the credit union name.

 

The first (and only) inquiries on EX and EQ cost me 19 and 20 points, respectively, so I've been thinking that I will see +40 points in December, when those age past 1 year and AoYA becomes 1 year again.

 

27 FICO Scores + 3 VS3. MTG (Mortgage), AUT (Auto), and BKC (Bankcard) are scores 5,4, and 2 from the top.

New CRADIS contacts, bearing 1 carom 9. Just think of EQ, TU, and EX as Cylon Basestars.

Message 54 of 94
Valued Contributor

Re: The 'All At Just Under 8.99% Utilization' experiment

Wow that means you will get big points for inquiries plus your points for AoYA!

You did the research and saw people with young scorecards getting benefits at three months. what were the benefits at one year for young scorecards? On average.







Installment loan reported this month,so technically, I'm at 2 months, but AoYA points were NOT reset. When new CCs hit and it is reset, I'll put the number it is.+1,+2,+2(Forgive typos, mobile.)(Everything said is Just IMHO.)
Scores updated AUG 4, '19. Since then, 5 HP dings to add; will update again.
Message 55 of 94
Valued Contributor

Re: The 'All At Just Under 8.99% Utilization' experiment

LOL!!!!! Cassie, my CU uses PSCU and reports on 27/28!!! Well, one of them does anyway; the other is Elan.

Cassie, have you had any days where only your PSCU card had a balance reported? Also, who's your other card through?







Installment loan reported this month,so technically, I'm at 2 months, but AoYA points were NOT reset. When new CCs hit and it is reset, I'll put the number it is.+1,+2,+2(Forgive typos, mobile.)(Everything said is Just IMHO.)
Scores updated AUG 4, '19. Since then, 5 HP dings to add; will update again.
Message 56 of 94
Established Contributor

Re: The 'All At Just Under 8.99% Utilization' experiment


@Birdman7 wrote:
You did the research and saw people with young scorecards getting benefits at three months. what were the benefits at one year for young scorecards? On average.

I don't have a lot of verified data after the 4 month mark. I was told what to expect at certain aging thresholds by people who had seen the effects on someone else's credit report. They were certainly right about that 3 month threshold.

 

At 6mo AoYA (June report for me) they saw 5-15pt gains across several scores, similar to the 3mo AoYA 8-25pt gain I already observed.

 

Then at AAoA 1yr there will be some more points - around 10 or so. I reach this in August.

 

Then the big one in December - AoOA 2yrs, AoYA 1yr, and scoreable inquiries drop from 1 to 0 on all 3 CRA's. Supposedly, you can get pretty close to 800 by crossing this threshold with only 2 cards and low utilization. Also keep in mind that this is starting with no credit history, no delinquencies, and no public records.

 

Two cards only, always using both, and statement reports coming from PSCU and Citi. Citi doesn't report all the trended data that PSCU does - it's just the date of last payment without the amount paid.

 

PSCU reports first, then Citi reports 2 days later.

27 FICO Scores + 3 VS3. MTG (Mortgage), AUT (Auto), and BKC (Bankcard) are scores 5,4, and 2 from the top.

New CRADIS contacts, bearing 1 carom 9. Just think of EQ, TU, and EX as Cylon Basestars.

Message 57 of 94
Valued Contributor

Re: The 'All At Just Under 8.99% Utilization' experiment

@Cassie awesome information thank you.

Have you ever had a day where PSCU carried a balance and citi did not since you’ve had EX CW? You don’t probably because the whole point is you’re trying to maintain a balance right?







Installment loan reported this month,so technically, I'm at 2 months, but AoYA points were NOT reset. When new CCs hit and it is reset, I'll put the number it is.+1,+2,+2(Forgive typos, mobile.)(Everything said is Just IMHO.)
Scores updated AUG 4, '19. Since then, 5 HP dings to add; will update again.
Message 58 of 94
Established Contributor

Re: The 'All At Just Under 8.99% Utilization' experiment


@Birdman7 wrote:
@Cassie awesome information thank you.

Have you ever had a day where PSCU carried a balance and citi did not since you’ve had EX CW? You don’t probably because the whole point is you’re trying to maintain a balance right?

Just on the first report in January. I didn't even get the Citi card in the mail before it reported a $0 statement balance. The CU card reported a $40 statement balance. That was my subscription to myFICO which stayed pending for 2 days AFTER the statement balance reported!

27 FICO Scores + 3 VS3. MTG (Mortgage), AUT (Auto), and BKC (Bankcard) are scores 5,4, and 2 from the top.

New CRADIS contacts, bearing 1 carom 9. Just think of EQ, TU, and EX as Cylon Basestars.

Message 59 of 94
Valued Contributor

Re: The 'All At Just Under 8.99% Utilization' experiment

@CassieCard I need you do me a favor old friend. We are exploring how some credit union cards are ignored by EX2.

https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/EX-FICO-2-Not-Using-Revolving-Credit/m-p...

If you had two cards on your CR and the only one with the balance was the PSCU, please tell me what your EX2 score was. And then I would like to know what your EX2 score was on the day Citibank reported its balance please.

If the PSCU CC was being counted, the EX2 score will either not move or slightly go down when Citi reported. If, on the other hand, PSCU CC was being ignored, then a no revolving balance penalty was being imposed, and when the citi CC reported, you would’ve saw a significant jump.







Installment loan reported this month,so technically, I'm at 2 months, but AoYA points were NOT reset. When new CCs hit and it is reset, I'll put the number it is.+1,+2,+2(Forgive typos, mobile.)(Everything said is Just IMHO.)
Scores updated AUG 4, '19. Since then, 5 HP dings to add; will update again.
Message 60 of 94
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