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

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chaser7091
New Visitor

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

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!

Message 1 of 17
16 REPLIES 16
Horseshoez
Senior Contributor

Re: TransUnion: Huge Drop After Balance Transfers (utlization back 25% as it always was)


@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!


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

Chapter 13:

  • Burned: AMEX, Chase, Citi, Wells Fargo, and South County Bank (now Bank of Southern California)
  • Filed: 26-Feb-2015
  • MoC: 01-Mar-2015
  • 1st Payment (posted): 23-Mar-2015
  • Last Payment (posted): 07-Feb-2020
  • Discharged: 04-Mar-2020
  • Closed: 23-Jun-2020

 

I categorically refuse to do AZEO!

In the proverbial sock drawer:
Message 2 of 17
chaser7091
New Visitor

Re: TransUnion: Huge Drop After Balance Transfers (utlization back 25% as it always was)

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?

Message 3 of 17
Gunnerboy
Frequent Contributor

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

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..



"Not everyone who helps you is a friend, and not everyone who challenges you is an enemy."
Message 4 of 17
chaser7091
New Visitor

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

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?

Message 5 of 17
markbeiser
Established Contributor

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

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.

Back to gardening until Late February 2025.
Current FICO8:
Message 6 of 17
Horseshoez
Senior Contributor

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


@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?


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. 

Chapter 13:

  • Burned: AMEX, Chase, Citi, Wells Fargo, and South County Bank (now Bank of Southern California)
  • Filed: 26-Feb-2015
  • MoC: 01-Mar-2015
  • 1st Payment (posted): 23-Mar-2015
  • Last Payment (posted): 07-Feb-2020
  • Discharged: 04-Mar-2020
  • Closed: 23-Jun-2020

 

I categorically refuse to do AZEO!

In the proverbial sock drawer:
Message 7 of 17
GZG
Valued Contributor

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


@chaser7091 wrote:

Appreicate thoughts!


where are you getting your scores from?

Starting FICO 8:

Current FICO 8:

3/6, 5/12, 14/24

Message 8 of 17
chaser7091
New Visitor

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

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.

Message 9 of 17
CYBERSAM
Senior Contributor

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


@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.







                
Message 10 of 17
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