Update: FICO2 experiment (is it worth it?)

[calyx]

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@Remedios wrote:

Okay, so looks like there was some aging involved so currently 

Fico 2 751

Fico 8 auto 759

Fico 2 auto 740

Fico  Bankcard 8  784

Fico Bankcard 3 726 

Fico Bankcard 2  738 

Next two should reflect update on 4th or 5th. Unfortunatly, both will show up at the same time. 

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I dunno, I prefer to see it as "you should totally have 30% reporting" 

(somethingsomething correllation somethingsomething causation... whatever, I see what I want! - haha)

Oddly, my FICO2 went from 711 to 703.   Nothing reported, so I have no idea.   Clearly I need to up my usage (/sarcasm). 

[Anonymous]

What are your negative reason codes @calyx?

[calyx]

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@Anonymous wrote:
What are your negative reason codes @calyx?

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Same as before:
Short Account History

High Credit Usage

Accounts with Balances

Seeking Credit

I deserve ALL of them.
DPs w/ AU:  AoYA: 4m; AAoA: 27m; AoOA: 195m  (8 of 10 accounts reporting balances, 6/8 revolvers)

DPs w/o AU: AoYA: 4m; AAoA: 10m;  AoOA: 15m (7 of 9 accounts reporting balances, 5/7 revolvers)

INQ: 5/12 8/24;  UTI: 5%    Highest UTI is my Freedom that I let report @42%  

Edited to add:
I'm a liar - my AU account reported.  Oddly the UTI% on it dropped, but otherwise, no other changes noted.
That's OK, I know my biggest problem is my file's age.  UTI can be fixed... age just takes time, sadly (which is why I'm working on my 'relationship' with the CU.

[Anonymous]

Yeah I suppose you do. I think we recently discovered the “high credit usage” is when you have two cards that are above certain utilization threshold.

So bringing down to one account with a balance, a low balance, should take care of both, The high credit utilization and the accounts with a balance, so yeah you’ll definitely see a boost.

[calyx]

Good to know!

I paid the 43% Chase off last night, so we'll see what happens.   I went ahead and paid of my Disco, which reports in a couple of days just to get a second to 0.    I threw an extra payment at AMEX, which may or may not bring that one to 0 as well (I have a $2 charge pending, which of course will post and mess up the experiment - but at least the utilization will be ridiculous on that one if it posts $2/30k) The rest of my revolvers post later in the month.   I'll report back any change if I see it.

And as an aside - older FICOs seem to value history over positive payment history, so I thought this might be an uphill climb.   When my derogatory accounts (several, and were all my oldest) fell off my report, my newer scores (FICO8, Bankcards, etc) shot up, but my older scores took a serious hit.    I used to love my "old" FICOs more than my new ones, but that's shifted after the derogatory removal.

[Anonymous]

Pay an extra two dollars to Amex. you need every zero you can get, that two dollars will make a difference in number of accounts.

Disco will do an off cycle report for you.

[Remedios]

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@calyx wrote:

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@Remedios wrote:

Okay, so looks like there was some aging involved so currently 

Fico 2 751

Fico 8 auto 759

Fico 2 auto 740

Fico  Bankcard 8  784

Fico Bankcard 3 726 

Fico Bankcard 2  738 

Next two should reflect update on 4th or 5th. Unfortunatly, both will show up at the same time. 

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I dunno, I prefer to see it as "you should totally have 30% reporting" 

(somethingsomething correllation somethingsomething causation... whatever, I see what I want! - haha)

Oddly, my FICO2 went from 711 to 703.   Nothing reported, so I have no idea.   Clearly I need to up my usage (/sarcasm). 

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Okies, so it happened. aggregate utilization up from 2% to 3%. 1/3 of cards reporting balance, accidental AZEO before 

Fico 2 751    to  730   Ouch 

Fico 8 auto 759   Same 

Fico 2 auto 740   to  721  Ouch

Fico  Bankcard 8  784  to 769 

Fico Bankcard 3 726 to 715 

Fico Bankcard 2  738  to 712 Ouch 

Fico 8 classic, no change. 

[calyx]

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@Anonymous wrote:
Pay an extra two dollars to Amex. you need every zero you can get, that two dollars will make a difference in number of accounts.

Disco will do an off cycle report for you.

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Sadly, I missed out - so I will have 0.99 reporting on AMEX (grr).

Which makes me wonder - AMEX utilization will now post at 0.003% and 0.99 - I wonder if it will 'count'? 

In the meantime, Chase has reported 0% from its 42%  (my Chase, not the AU Chase).

Account util: 5/8 reporting util now.
Amex: 0% (Actual: $100)
Citi: 0%

Disco: 12%

Chase1: 3%

Chase2: 0%

ChaseAU: 5%

Sync: 9%

USBank: 0%

Total Util went from 5% -> 4%

FICO8 780 -> 786

FICO2 703 -> 705

Amex should report tonight; I don't expect a change, but that could be fun.
I won't ask for an off cycle report for Disco.  They cut in just a couple of days and I can manage not to spend on that card long enough (nothing pending).
On the 6th one EX INQ ages to 1 year, so that might or might not be interesting, too.

Since everything is close to 0, and with the 5% quarters like they are impacting where I spend, it should be easy to control for AZE2 for a bit. 

I want my own Precious enough to work for it. 

Edited to add account info, it might help someone in the future (it definitely helps tracking)

[Anonymous]

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@calyx wrote:

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@Anonymous wrote:
Pay an extra two dollars to Amex. you need every zero you can get, that two dollars will make a difference in number of accounts.

Disco will do an off cycle report for you.

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Sadly, I missed out - so I will have 0.99 reporting on AMEX (grr).

Which makes me wonder - AMEX utilization will now post at 0.003% and 0.99 - I wonder if it will 'count'? 

In the meantime, Chase has reported 0% from its 42%  (my Chase, not the AU Chase).

Total Util went from 5% -> 4%

FICO8 780 -> 786

FICO2 703 -> 705

Amex should report tonight; I don't expect a change, but that could be fun.
I won't ask for an off cycle report for Disco.  They cut in just a couple of days and I can manage not to spend on that card long enough (nothing pending).
On the 6th one EX INQ ages to 1 year, so that might or might not be interesting, too.

Since everything is close to 0, and with the 5% quarters like they are impacting where I spend, it should be easy to control for AZE2 for a bit. 

I want my own Precious enough to work for it. 

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@calyx Pay AmEx and ask them for an off-cycle; they will do it, but grumble that they don't like making a habit of it. But will report the same night.

Any progress on that favorite meal?

Hope the inq helps!

[Anonymous]

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@Remedios wrote:

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@calyx wrote:

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@Remedios wrote:

Okay, so looks like there was some aging involved so currently 

Fico 2 751

Fico 8 auto 759

Fico 2 auto 740

Fico  Bankcard 8  784

Fico Bankcard 3 726 

Fico Bankcard 2  738 

Next two should reflect update on 4th or 5th. Unfortunatly, both will show up at the same time. 

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I dunno, I prefer to see it as "you should totally have 30% reporting" 

(somethingsomething correllation somethingsomething causation... whatever, I see what I want! - haha)

Oddly, my FICO2 went from 711 to 703.   Nothing reported, so I have no idea.   Clearly I need to up my usage (/sarcasm). 

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Okies, so it happened. aggregate utilization up from 2% to 3%. 1/3 of cards reporting balance, accidental AZEO before 

Fico 2 751    to  730   Ouch 

Fico 8 auto 759   Same 

Fico 2 auto 740   to  721  Ouch

Fico  Bankcard 8  784  to 769 

Fico Bankcard 3 726 to 715 

Fico Bankcard 2  738  to 712 Ouch 

Fico 8 classic, no change. 

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@Remmy I'm still half-asleep... why the decrease? Didn't # of accounts with balance decrease?