What less than $100 will do to a FICO Score

[Anonymous]

Just look at the attached from MyFico. Each shift in score involves less than $100.

[Anonymous]

Yup. I’ve seen same/similar movement. That’s why I try not to get too wrapped around daily/weekly minimal movement. A person can (and people do) drive themselves insane with every point one way or another!

[grower1]

I've always wondered about the score decreases, based on a payment being made to the account. As shown on your 3/3 entry. 

[Anonymous]

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@grower1 wrote:

I've always wondered about the score decreases, based on a payment being made to the account. As shown on your 3/3 entry. 

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Simple - FICO loves debt. The more debt you have, the more FICO loves you. I had better FICO scores when I was one missed payment away from bankruptcy in the 1990's than I do today with a 6-figure bank account and a 2 figure debt load (other than my mortgage which will be paid off in 2 years).

[Ardecko]

While the results could be similar today, it's important to note that FICO score models have been updated two or more times since then.

[pipeguy]

I would surmise that your payment is "flexing" you over/under a specific scoring point and frankly based on your high scores small factors can move the needle. As other posters have mentioned, the value of these slight moves at your score level has zero impact on your ability to get top-prime credit products so it makes no difference other than perhaps bragging rights.  

Note that my scores are similar to yours (very slightly lower) and I just added a $304k mortgage to my report (paid off a $38k one too) paying off the old one moved the score down 2 points on Equifax only, adding the $304k mortgage "changed" my scores on all 3 CRAs 0 points. 

Besides that, it's just a moment in time snapshot which you'd expect to +/- a little. Think of the guy with 820's across the board who fears buying a new car because the "inquiries" will take him to 790 - who need that grief when a 760 will get you top tier loan rates. I don't sweat the small stuff....

[Anonymous]

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@Anonymous wrote:

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Simple - FICO loves debt. The more debt you have, the more FICO loves you.

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Suppose a guy has ten credit cards with a 10k credit limit each.  Now imagine two scenarios.

(A)  Each card reports $9100.  (Lots of debt)

(B)  All cards report $0 except one -- with that remaining card reporting $20.  (Almost no debt.)

If what I think you are saying is true, then he'll have a better FICO score with (A) than with (B).  Probably a substantially better score.  Is that right?

[sarge12]

Yet another case where it is assumed that a generated alert is the cause of the corresponding score change being given. This is not usually the case....there is an alertable change detected and a new score given, but it can easily be a change on your report that does not create an alert that actually causes the score change. Always consider the alert and score change as 2 seperate facts...which may be unrelated.

[Anonymous]

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@grower1I've always wondered about the score decreases, based on a payment being made to the account. As shown on your 3/3 entry. 

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His score did not decrease based on a payment being made.  As Sarge correctly references above, the alert received and the score change have absolutely nothing to do with one another.

Great point above CGID as well to illustrate that FICO doesn't "love debt" as someone earlier in this thread suggested.

[Anonymous]

Last month all 4 of my cards reported no balance & I was sitting at 726. I did the AZEO thing this month.

One of my cards just reported $30 & today my score was updated to 748. Young credit report & all, but that's a nice bump.