cancel
Showing results for 
Search instead for 
Did you mean: 

Util went up, and so did my scores?!?

tag
LisaJ
Frequent Contributor

Util went up, and so did my scores?!?

I confess I am not complaining, but...

 

Even with getting Macy's and Best Buy, my Util went up over the holidays. I will have paid everything in full by the end of January, but I know my util  went up from less than 5% to above 15%, and my EX and EQ went up.  Not a lot, but still up. And apparently, EX would have gone up more, but my account age went down, and I have two inquiries, because now the page with the explanation says these factors are hurting my score.

 

Wild!  I will never understand FICO scoring completely, I guess... 

 

Lisa 

WOW! EQ when I joined myFICO: 657. Ups and downs and a few bumps and bruises, but finally back over 700. Whew!

Message 1 of 15
14 REPLIES 14
Anonymous
Not applicable

Re: Util went up, and so did my scores?!?

Wild!  I will never understand FICO scoring completely, I guess

 

 

 

Neither does anyone else........................

Message 2 of 15
fused
Moderator Emeritus

Re: Util went up, and so did my scores?!?


LisaJ wrote:

I confess I am not complaining, but...

 

Even with getting Macy's and Best Buy, my Util went up over the holidays. I will have paid everything in full by the end of January, but I know my util  went up from less than 5% to above 15%, and my EX and EQ went up.  Not a lot, but still up. And apparently, EX would have gone up more, but my account age went down, and I have two inquiries, because now the page with the explanation says these factors are hurting my score.

 

Wild!  I will never understand FICO scoring completely, I guess... 

 

Lisa 


 

Cool! Are sure nothing else changed on your reports.
Message 3 of 15
LisaJ
Frequent Contributor

Re: Util went up, and so did my scores?!?

I am positive nothing changed except util.  SW noted that the same day I had a JCpenney balance increase of $300.  That was the only change I can see.

 

I am just going to guess that it is because my credit mix changed?

 

In any case, EQ went up 11 points and EX went up 2.  EX is now at 692 (oh, so close!!!!) and EQ is 668.  Smiley Happy 

WOW! EQ when I joined myFICO: 657. Ups and downs and a few bumps and bruises, but finally back over 700. Whew!

Message 4 of 15
fused
Moderator Emeritus

Re: Util went up, and so did my scores?!?


LisaJ wrote:

 

I am just going to guess that it is because my credit mix changed?

 


What did you add?

Message 5 of 15
LisaJ
Frequent Contributor

Re: Util went up, and so did my scores?!?

Well, my mortgage is on month two, although it reported last month...but I thought maybe adding more store cards (2) did it?

 

By the way, I posted in credit cards because I kow the util is discussed a great deal in there, and my util went up, and so did my scores...thought it might be of interest in that forum. But, maybe I will get more answers in here. 

WOW! EQ when I joined myFICO: 657. Ups and downs and a few bumps and bruises, but finally back over 700. Whew!

Message 6 of 15
Anonymous
Not applicable

Re: Util went up, and so did my scores?!?

This is interesting.  Wish they'd bump me up for buying things.  

 

Anyone have any other ideas why this might happen?
Message 7 of 15
fused
Moderator Emeritus

Re: Util went up, and so did my scores?!?

So, something else did change, two new store cards. I'm wondering if you changed scoring buckets.
Message 8 of 15
LisaJ
Frequent Contributor

Re: Util went up, and so did my scores?!?

Maybe I did get rebucketed?  Here is my information:

 

EX--my highest was at 690 and is 692 after new cards reported with balances.

 

EQ-my mid- was at 657 and is now at 668, same deal.

 

TU went from 647 to 656.

 

All of my credit scores and reports were pulled in the last week, and all are real FICO scores from this site. 

 

All cards reported balances before I paid them.  I was at less than 5% in November and was at 18% util. until I paid Macy's and HSBC in full.

 

Until this year I had not apped for anything in YEARS.  I apped, this year, for a car (approved) mortgage (approved), 4 CC's (Home Depot denied; Macy's, American Signature Furniture, and Best Buy approved).

 

Nothing has fallen off, and nothing else has changed.  The three new accounts also lowered my average age.

 

I fully expected to drop, and drop hard. I am VERY pleasantly surprised.  

WOW! EQ when I joined myFICO: 657. Ups and downs and a few bumps and bruises, but finally back over 700. Whew!

Message 9 of 15
haulingthescoreup
Moderator Emerita

Re: Util went up, and so did my scores?!?

Perhaps not a re-bucketing so much as improved credit mix from having store cards.

Your AAoA was lowered, but did your overall/ longest history happen to go up by a year?
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Message 10 of 15
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.