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Util dropped from 54%-35%= 1 measly point?

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thankfulheart
Established Contributor

Util dropped from 54%-35%= 1 measly point?

EQ was reporting 2 CCs incorrectly, I disputed and they updated.  I received a SW today for 1 point increase. The SW removed the dispute remarks and updated the credit line, but the balance section was left blank.  Looking at my USAA update, they also updated the balances to $0. Please tell me that SW just hasn't been updated with the balances, so the CLI was the reason for the measly 1 point. I'm going to be awfully discouraged if a 20% utilization reduction isn't more favorable rewarded.

Starting Score: 10/1/2011 EQ 568 TU 593
Current Score: EQ 664 TU 700 EX 701 (FAKO)

Message 1 of 7
6 REPLIES 6
Revelate
Moderator Emeritus

Re: Util dropped from 54%-35%= 1 measly point?

I don't know the specifics, but anecdotally it appears that there's magic "boundaries" in the algorithm, and it's not necessarily a linear scale when it comes to revolving utilization.

 

I hate to say it but you're probably a few percentage points shy of it, if you get your utilization down to 32% or 29% I'd be interested in seeing if it made a bigger difference.  From my end, I was expecting a pretty significant FICO slap when I went from 5% to 25% utilization last month as I started floating my life on my credit cards while unemployed... my score went up roughly 10 points instead, so either there was a MARKED improvement somewhere else in my credit report to offset the impact (I assure you there was not), or it's a graduated scale much like the inquiry penalties that Hauling had a nice writeup about I believe in the Credit Cards forum.

 

Edit: it's probably even more complicated than that when you toss in bucketing as well.  Trying to make sense of that portion of the algorithm and how they mathematically impact your score is a receipe for a nasty headache.

 

 

 




        
Message 2 of 7
mtrsprt
Frequent Contributor

Re: Util dropped from 54%-35%= 1 measly point?

The difference in my CC utilization from 2% to 55% is 2 points...........


Starting Score: 521 TU, 597 EQ, 574 EX on 6/20/2011
Current Score: 753 TU, 764 EQ, 766 EX on 02/17/2014
Goal Score: 720-740 Across the board


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Message 3 of 7
llecs
Moderator Emeritus

Re: Util dropped from 54%-35%= 1 measly point?

What do you mean by "the balance section was left blank"? On all 3 reports? Just one? Does your SW alert show $0 for the balance?

Message 4 of 7
thankfulheart
Established Contributor

Re: Util dropped from 54%-35%= 1 measly point?

The left column showed the old info, balance and incorrect credit limit, the right column showed thus updated, correct CL but the balance line was blank
Starting Score: 10/1/2011 EQ 568 TU 593
Current Score: EQ 664 TU 700 EX 701 (FAKO)

Message 5 of 7
llecs
Moderator Emeritus

Re: Util dropped from 54%-35%= 1 measly point?

FICO ignores the TL from util if the balance is absent, which could impact your util and that point change.

Message 6 of 7
kjm79
Valued Contributor

Re: Util dropped from 54%-35%= 1 measly point?

There are times when I pull a report from EQ here and the balance is missing or the CL is missing.  But when I get a full report directly from EQ or one of the other CMS, the info is there.  Not sure why myFICO EQ does that. 


CH 7 Filed 7/27/15 Discharged 11/16/15
Starting Score: EQ 620 TU 568 EX 593
Current Score (07/13/16): EQ 674 TU 649 EX 674 (FICO's 08)
Cap1 QS ($5350) (Combined QS and QS1) Discover It ($4100) MilStar ($8,600) Fingerhut ($800)
Off to the garden 05/01/16
Message 7 of 7
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