Thoughts regarding how I lost points?

[Trudy]

Hi BBS.  I do recall later changes to numbers after the decimal later on.  Thanks for the reminder.  This card is one of my oldest cards that has been bucketed with a limit of $2800.  I keep it for the age and having a low limit card to use in certain situations should the card be compromised.

So the 2 things I originally brought up is whether it's a lower threshold than I thought for individual or dollar amount that we've learned can be a factor.  I was unaware of limits that could cause the dollar threshold issue.  With your example I guess it could be either or considering the limit on this card.

What's your experience with 8.?% vs 28.?% for individual outside of low dollar amount cards?  One or the other possible reasons for the small score decrease now could be the AZEO balance in the past was on a much higher limit card.?.

[Anonymous]

I actually haven't had any testing capability or data to contribute as my scores have been pinned at 850 for quite some time.  I haven't opened any new accounts in nearing 4 years.  Due to top end buffer, my F8s could be "dropping" a few points from dollar-related thresholds and I may be unaware.  I've been able to break free of the 850s in going to more accounts with reported balances on TU/EQ but haven't played with dollar thresholds ever at the same time.  Fortunately in the upcoming months I plan on opening 3 new accounts and pushing my scores down to the 810-820 range for the first time in a long time, so once that happens I can start to play again  

[Anonymous]

@thornback it would be 9.5% not 8.5% because the threshold is at 10%. Therefore 9.5% would round up to 10%, so you would want to keep a balance less than 9.5%.

@Trudy hi there good to see you! we don't know where all the balance thresholds are yet, but that's one of the things we are actively collecting data points on and I even started a thread in UFS just for balance thresholds. I reserved posts for each version since they probably vary by version, but they'll be the same across bureaus within a version.

I have not experienced changes with individual crossing 9.5%, so I tend to think you may have crossed a balance threshold. At the same time, there could be one there on certain profiles, but I wouldn't expect yours to be one of those. It would be interesting for you to play with it and find out.

We've had a balance threshold as low as $147 reported, but I think that was on the mortgage score. (See links in the Primer.) There may be ones around ~$500&/$1,000 &/ $1500, maybe ~$5000 and maybe even every ~$5000, we still really don't know. 

Hope this helps.

[Anonymous]

To sort of follow up on BMs final point above, I would say those thresholds are at least every $5000, as evidenced by the fact that every ~$5000 of movement on SJs profile results in some Fico point changes.

[Trudy]

I don't recall carrying a balance on this low limit card so I guess it's the first time it revealed itself.  I have seen what could only be balance threshold score changes with TU, just not EX.  And I think TU was AGG.  TU has since reported this balance and no change.  EQ ignores almost every balance change on my report, rock solid as usual.  Oh well. 

Thanks for the responses.  

[Thomas_Thumb]

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@Trudy wrote:

Thanks for your response.  I believed that as well but many have strongly supported 28.9% for individual.  I can't see any other reason for the change.

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@Trudy 

You are on a new accounts scorecard (AoYA = 3 months). Based on your data, the score drop must relate to the individual card utilization or reported $ balance. Reported balances and individual card utilization levels are weighed more heavily on new a account scorecard.

It looks like the double digit utilization is on the new card - yes? A 1st time reported balance on the card could impact score regardless of the amount.

BTW - Bet you will being up ranked to valued contributor this month (February).

[Trudy]

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@Thomas_Thumb wrote:

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@Trudy wrote:

Thanks for your response.  I believed that as well but many have strongly supported 28.9% for individual.  I can't see any other reason for the change.

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@Trudy 

You are on a new accounts scorecard (AoYA = 3 months). Based on your data, the score drop must relate to the individual card utilization or reported $ balance. Reported balances and individual card utilization levels are weighed more heavily on new a account scorecard.

It looks like the double digit utilization is on the new card - yes? A 1st time reported balance on the card could impact score regardless of the amount.

BTW - Bet you will being up ranked to valued contributor this month (February).

Really?  Why?  Although I've been absent for a short bit, other than posts my other numbers have exceeded what has been stated to move to the next rank. 

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Hmm.  Felt comfortable in the score change being related to $ balance on an individual low CL card.  In this case $482/$2800, my bucketed low CL Cap One card that's 21yrs+ I've chosen to retain.  But didn't think about a scorecard change. 

Balance was not on the new card which is actually a lower CL of $1200, Amazon Prime (I'm perfectly okay with this but based on many posts, surmise my spend is the reason for my low limits over the last few years, not my scores, income or DTI).  I actually reported $132 on the new card last month with 2 cards reporting.  This current score change was Cap One only.  

[Thomas_Thumb]

You passed above the 1000 post minimum threshold for Valued Contributor. Usually rank up does not happen at 1000 exactly but kicks in by 1100 for Valued.

One more possibility on the score drop. You mention:

"I don't recall carrying a balance on this low limit card so I guess it's the first time it revealed itself".

There have been a few posters that have stated seeing a score drop when an inactive card, not not reporting in many months, 1st reports a balance.

[Anonymous]

I recently had two or three inactive cards go active and had no score change anywhere for any of them. Also tried researching some of the reports and could not conclusively tie down.

[Thomas_Thumb]

Can impact does not translate to must impact.  Although I have reported card utilizations over 50% without a score change, a score change has been observed by others even at much lower utilizations.

Odds are the drop is due to the card reporting a balance (for the 1st time per Trudy) or due to the card's utilization going into the low double digits. It was stated only 1 card reported a balance so multiple card balances can be ruled out.