Un boosting Experian Boost

[BallBounces]

In May, when I started repairing, I went ahead and signed up for Experian Boost.  It "found" four utilities and added them to my report.  Without looking back at my notes for the exact number, I can confirm it immediately raised my scores at the time, on the order of 6-10 points.

This month, I have started "un boosting".  I have individually been removing the boosted accounts.  There has been not a single score change associated with the removal of these utility lines.  I removed 3 of 4 with no changes.  

I offer this as anecdotal evidence only.  If I had to give my opinion, I would say boost does very little for a healthy file especially a thick one, and also very little for a thick but dirty file which has been clean for 6 months.   It probably helps those whoe are "currently dirty", whioch is actually a bit of panacea and not worth their trouble.

I would also guess it helps the thin, clean files, until some point they outgrow the boost benefit.

YMMV.

[grower1]

Great insights. I don't plan on joining but I revceived another email from Experian today with the subject line of  "Don’t leave your free Experian Boost™ on the table!" 

[BallBounces]

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@grower1 wrote:

Great insights. I don't plan on joinging but I revceived another email from Experia today with the subject line of  "Don’t leave your free Experian Boost™ on the table!" 

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your profile has no need, I would guess.

[randomguy1]

I have added and removed items, each item was around 7 pts each. I switched phone providers recently and my tmobile bill added 10 pts.

[Trudy]

Good info.  I personally could not quantify a benefit for my profile for the additional personal information given up, not that they don't have enough with your SS# and current credit file.  But sounds like you're right regarding those that may benefit.  But I do recall a time in my journey where those 5 - 10 pts meant everything.  And depending on ones credit needs, it might work for them.  But also good to know you can "unsubscribe".

[randomguy1]

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@Trudy wrote:

Good info.  I personally could not quantify a benefit for my profile for the additional personal information given up, not that they don't have enough with your SS# and current credit file.  But sounds like you're right regarding those that may benefit.  But I do recall a time in my journey where those 5 - 10 pts meant everything.  And depending on ones credit needs, it might work for them.  But also good to know you can "unsubscribe".

I just use a separate bank account. heh.

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[BallBounces]

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@randomguy1 wrote:

I have added and removed items, each item was around 7 pts each. I switched phone providers recently and my tmobile bill added 10 pts.

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What is your number of:  RE loans, Installment Loans, Revolving Lines?

What is your AAoA and your AoYA?

What is the recency of your most recent derog?

Sorry for the "20 questions".

[randomguy1]

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@BallBounces wrote:

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@randomguy1 wrote:

I have added and removed items, each item was around 7 pts each. I switched phone providers recently and my tmobile bill added 10 pts.

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What is your number of:  RE loans, Installment Loans, Revolving Lines?

What is your AAoA and your AoYA?

What is the recency of your most recent derog?

Sorry for the "20 questions".

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Average Age	5 yrs 10 mos
Oldest Account	12 yrs 11 mos

Latest Open Account	2 mos
Open revolvers	3 cc
Installment (auto)	1

2 Mortgages have been long closed, paid, 0 lates. Have 4 other auto loans on record, closed. 2 30 days on one since 2013. 2016-2019 have several lates. Including a 60 day and 90 day. The other 2 auto loans have 72 payments combined never late. 

[BallBounces]

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@randomguy1 wrote:

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@BallBounces wrote:

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@randomguy1 wrote:

I have added and removed items, each item was around 7 pts each. I switched phone providers recently and my tmobile bill added 10 pts.

---

What is your number of:  RE loans, Installment Loans, Revolving Lines?

What is your AAoA and your AoYA?

What is the recency of your most recent derog?

Sorry for the "20 questions".

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Average Age	5 yrs 10 mos
Oldest Account	12 yrs 11 mos

Latest Open Account	2 mos
Open revolvers	3 cc
Installment (auto)	1

2 Mortgages have been long closed, paid, 0 lates. Have 4 other auto loans on record, closed. 2 30 days on one since 2013. 2016-2019 have several lates. Including a 60 day and 90 day. The other 2 auto loans have 72 payments combined never late. 

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Curious.   I am surprised you saw 7 point changes by adding and removing boost. In fact, I think that is probably not what caused the movements you saw.  For example, as you mentioned, adding tmobile as a NEW provider would not have given you any history, and I doubt would give 7 points for a current tradeline. Could it have been something like a derog aging?

I wonder what you would see if you added a new revolver instead of a boost utility? Your profile, while old, is not exactly thick. (Definitely not thin either. )

Either way, Interesting stuff to discuss for sure.