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UTILIZATION AT ZERO PERCENT INCREASE BY $2.00 SCORE STILL DROPPED

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Super Contributor

Re: UTILIZATION AT ZERO PERCENT INCREASE BY $2.00 SCORE STILL DROPPED

+1 BBS said....VS is meaningless, if not worse.
For a collection of our current FICO scoring wisdom, updated as we learn, read the following. Watch the revision dates on the bottom of the first 8 posts as they are regularly updated: Link to Scoring Primer.


RIP:

    




Updated June 2020, unless otherwise noted. I took an HP on EX, will reflect on next update.

(Forgive typos, mobile.)(Everything said is Just IMHO.)

In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? Severity and recency? (clean/dirty), Number of accounts, both open and closed on CRs (thick/thin), AoOA? (Mature/young), AOYRA-Age of Youngest Revolving Account (new accounts/no new accounts)? Open/closed loan on CR?
For example, mine is clean/thick/mature/new account, with open loan on record.
If you don't know where you fall, just detail any baddies, your number of open and closed accounts, AoOA, AOYRA and whether you have a loan on record to start.

For utilization questions, list individual and aggregate utilizations, revolving and installment, please.
Message 11 of 13
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New Visitor

Re: UTILIZATION AT ZERO PERCENT INCREASE BY $2.00 SCORE STILL DROPPED

Thank  you, I setup the account and its showing my Experian FICO score 8, and then it mentions, i need to upgrade to see all three scores, I though FICO was all three scores, however my capital one uses creditwise and it reflects the same score as Credit Karma.  Capital One and Chase seem to use Transunion scoring model the same as Credit Karma. 

 

However what I am trying to do is not have a zero balance each month for fear, its showing I am not using my card however, my sores from my capital one and chase keep dropping, my utilization only increased between 2 and 14 dolllars. I am still not using more then 1 percent of  my credit limited.  What I trying to do is show 1% utalization each month without my score dropping.

Message 12 of 13
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Super Contributor

Re: UTILIZATION AT ZERO PERCENT INCREASE BY $2.00 SCORE STILL DROPPED

First off you are referring to FICO 8, you have one of those from each of the three major credit bureaus, so that makes three. And actually you have multiple flavors of multiple different versions of FICO scores. If you pull a 3B through MF you can get 28 different FICO scores.

Your issuer know what you’re putting on your card so they know what you’re utilizing. The only point of having a certain percentage reported this to affect your scores.

Yes they give away vantage scores I assume because they are cheaper than FICO scores.
For a collection of our current FICO scoring wisdom, updated as we learn, read the following. Watch the revision dates on the bottom of the first 8 posts as they are regularly updated: Link to Scoring Primer.


RIP:

    




Updated June 2020, unless otherwise noted. I took an HP on EX, will reflect on next update.

(Forgive typos, mobile.)(Everything said is Just IMHO.)

In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? Severity and recency? (clean/dirty), Number of accounts, both open and closed on CRs (thick/thin), AoOA? (Mature/young), AOYRA-Age of Youngest Revolving Account (new accounts/no new accounts)? Open/closed loan on CR?
For example, mine is clean/thick/mature/new account, with open loan on record.
If you don't know where you fall, just detail any baddies, your number of open and closed accounts, AoOA, AOYRA and whether you have a loan on record to start.

For utilization questions, list individual and aggregate utilizations, revolving and installment, please.
Message 13 of 13
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