TransUnion: Huge Drop After Balance Transfers (utlization is 25%)

[chaser7091]

Hello,  my TransUnion dropped from 760 to 612.  Only change that occured was transferring some of 26k BOA Visa balance as followed...

• Transfer 15k to....
  • $5000 onto one active citibank card (not a new card) with a 5K limit
  • $10000 onto another active citibank card (not a new card) with a 10k limit
• BOA Visa Card balance was then 11,000
• Experian crashed from 750 to 700
• Bank of America then recorded the 15,000 reduction
• Experian rose from 700 to 720
• Transunion only rose from 612 to 621

Im perplexed at why Transunion tanked when my credit utlization remains as it was before at 25% and I did not apply for any new cards or credit.  Experian tanked it too but not as bad, but to go from Very Good to fair almost poor with TransUnion is like WTH?

Appreicate thoughts!

[Horseshoez]

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@chaser7091 wrote:

Hello,  my TransUnion dropped from 760 to 612.  Only that changed was transferring some of 26k BOA Visa balance as followed below..

• Transfer 15k to....
  • $5000 onto one active citibank card (not a new card) with a 5K limit
  • $10000 onto another active citibank card (not a new card) with a 10k limit
• BOA Visa Card balance was then 11,000
• Experian crashed from 750 to 700
• Bank of America then recorded the 15,000 reduction
• Experian rose from 700 to 720
• Transunion only rose from 612 to 621

Im perplexed at why Transunion tanked when my credit utlization remained as it was before at 25%.

Appreicate thoughts!

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My guess would be the high utilization on multiple individual tradelines.

[chaser7091]

Thank you and so your saying its because I maxed out the two citibank cards with those transfers and TransUnion follows a different set of rules then Experian?

[Gunnerboy]

Probably because the transferred amounts appear as new balances, while the BofA Visa still shows the entire 26k. Once BofA updates, your TU should jump back up, some..

[chaser7091]

Thank you and Bank of America did record the reduction and my Experian went from 700 to 720.  While my Transunion went from 612 to only 620. 

Does TransUnion and Experian have a different set of credit rules Im not aware of?

[markbeiser]

If you ever play around with credit score simulators, you will see that maxing out a credit card is one of the scenarios that causes a huge score drop.

[Horseshoez]

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@chaser7091 wrote:

Thank you and Bank of America did record the reduction and my Experian went from 700 to 720.  While my Transunion went from 612 to only 620. 

Does TransUnion and Experian have a different set of credit rules Im not aware of?

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All three bureaus use different models to arrive at the scores; that coupled with different data being recorded for each further spreads the score.  All three of my credit reports show the different AAoA, Hard Inquiry, and old account information. 

[GZG]

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@chaser7091 wrote:

Appreicate thoughts!

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where are you getting your scores from?

[chaser7091]

I subscribe to both the Experian and TransUnion apps; pay their monthly subscriptions.  I check Experian few times a week and Transunion few times a month.

[CYBERSAM]

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@chaser7091 wrote:

Hello,  my TransUnion dropped from 760 to 612.  Only change that occured was transferring some of 26k BOA Visa balance as followed...

• Transfer 15k to....
  • $5000 onto one active citibank card (not a new card) with a 5K limit
  • $10000 onto another active citibank card (not a new card) with a 10k limit
• BOA Visa Card balance was then 11,000
• Experian crashed from 750 to 700
• Bank of America then recorded the 15,000 reduction
• Experian rose from 700 to 720
• Transunion only rose from 612 to 621

Im perplexed at why Transunion tanked when my credit utlization remains as it was before at 25% and I did not apply for any new cards or credit.  Experian tanked it too but not as bad, but to go from Very Good to fair almost poor with TransUnion is like WTH?

Appreicate thoughts!

---

@chaser7091  Are you saying you actually maxed out your total CL on those two cards? If so that is a huge NO, NO...

I would move the balance out ASAP before you see more adverse action taking against your existing cards.