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Utilization dropped and no score change?

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Anonymous
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Re: Utilization dropped and no score change?


@Anonymous wrote:

@Anonymous wrote:

How totally frustrating! 

 

Do these other scorecards tend to have a lower threshold.....

 

Very little is known about how the algorithm varies between scorecards. 

 

or should I just put off my plans to pay large amounts of this card off every month and just spread it out to take advantage of the 12 months at 0%? If there is no scoring benefit, the $200 a month payment to hit 0 in 11 months would seem wise since I’m digging in the garden anyway. 


If you are gardening, then I wouldn't worry about my CC balances or credit scores.  It's not like you will be needing a higher score for something.

 

 

 


Well I actually might try US Bank for the Cash+ and Gold Checking when my repo falls off Experian in July.

 

I don’t have any other big expenses right now so I might as well just go ahead and pay it down. I really don’t like being in debt and the quicker I pay this off, the less frustrating Sync’s random reporting will be since I can go back to just one card reporting a balance. 

 

I will keep tabs on my score every month. I have a feeling that TU, being devoid of the repo and leaving only my BK, probably got a score lift. I’ll know when Disco updates. 

 

For some reason, my Experian likes to dig in at a specific score and stay there for months while EQ and TU can fluctuate multiple times a month. Experian was stuck at 670 from July til December when I got an inquiry from BBVA and it went to 671 and then down to 662 when my loan reported PIF and my NFCU BT showed up in January. I should have known that the score drop would have been more than 9 points if I took a utilization hit in addition to credit mix. 

Message 11 of 17
Anonymous
Not applicable

Re: Utilization dropped and no score change?


@Anonymous wrote:


I get that, it just seems odd that Experian labels it as a FICO score alert in the email. 


Score alert yes, again because you're being provided with a fresh score.  That does not mean that the "score alert" (which is just saying "here's a new updated score") has anything to do with the FICO alert received indicating a change to your CR (increased credit limit).  I find this extremely frustrating the same way you do, as do many others, but please understand that these are two very different things.

Message 12 of 17
Anonymous
Not applicable

Re: Utilization dropped and no score change?


@Anonymous wrote:

@Anonymous wrote:


I get that, it just seems odd that Experian labels it as a FICO score alert in the email. 


Score alert yes, again because you're being provided with a fresh score.  That does not mean that the "score alert" (which is just saying "here's a new updated score") has anything to do with the FICO alert received indicating a change to your CR (increased credit limit).  I find this extremely frustrating the same way you do, as do many others, but please understand that these are two very different things.


I do understand but you would think since Experian is actually generating these alerts and new scores that they would be on top of this. I understand that myFICO is a third party product that doesn’t even have real-time scores but Experian’s product does have near real-time (daily) Experian score updates so I would expect that if they alert me to something and specifically reference FICO scoring, there is a change. 

 

Its so frustrating that I canceled the service. I’ll just pull my scores once a month for a $1. 

 

Actually, scratch that. I’ll take my free scores from my cards. I’ll end up with EQ9 while the other two I’ll get FICO 8 scores but it’s free and I have Experian and Credit Karma for three bureau monitoring. 

Message 13 of 17
Anonymous
Not applicable

Re: Utilization dropped and no score change?


@Anonymous wrote:

Its so frustrating that I canceled the service. I’ll just pull my scores once a month for a $1. 


High-five to you.  I'm a huge fan of paying $0-$1/mo for CMS.  I've written on this forum countless times how $1/mo in many ways is "better" and gets one more than a $30-$60/mo "real" membership.  You made a wise decision in my opinion.

Message 14 of 17
Anonymous
Not applicable

Re: Utilization dropped and no score change?


@Anonymous wrote:

@Anonymous wrote:

Its so frustrating that I canceled the service. I’ll just pull my scores once a month for a $1. 


High-five to you.  I'm a huge fan of paying $0-$1/mo for CMS.  I've written on this forum countless times how $1/mo in many ways is "better" and gets one more than a $30-$60/mo "real" membership.  You made a wise decision in my opinion.


Yeah I have done a free trial with Experian and now a $1 and I pulled myFICO for a month for $29.95 but I get free TU 08 from Sync and Disco, free EQ9 from NFCU, and free Experian 08 and monitoring (they even refresh my score when I get an Experian alert) from their app plus I have WalletHub for daily TU reports and Credit Karma for weekly EQ reports. 

 

I am definitely a fan of free as well and if I had a card that gave me monthly EQ 08, I would be happy. 

Message 15 of 17
Anonymous
Not applicable

Re: Utilization dropped and no score change?

Citi gives you EQ BCE 8, which while not the same as Classic 8 is still a really nice/relevent version of EQ to get monthly.  Also after a few months of comparing it to your Classic 8 score you can begin to determine with reasonable accuaracy your EQ Classic 8 score based on your EQ BCE 8 score. 

Message 16 of 17
Anonymous
Not applicable

Re: Utilization dropped and no score change?

Citi made it clear they aren’t interested in me after putting their stamp on both TU and EX, they sent me a letter denying me just based on TU data. 

 

I thought about trying for a Best Buy card to get my foot in the door with Citi but I just don’t shop at Best Buy because their return policy for online purchases is horrible. 

Message 17 of 17
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