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???Why 14 Point Score Decrease???

RobertK
Valued Member

???Why 14 Point Score Decrease???

Experian alert - score down 14 points!

3 Changes since last report - ALL positive (CLI on a card increased; Utilization decreased from 3% to 0%)

 

Only explanation i can think of is my 3 accounts now all show $0 balance

 

Could that be it?

 

Thank you

Message 1 of 8
7 REPLIES 7
RSX
Valued Contributor

Re: ???Why 14 Point Score Decrease???

yes

 

next month have one of them report $10-20

 

Dec 16/2019. EX. 721. EQ. 723. TU 746
Dec 29/2020 EX. 729 EQ. 723 TU 746
Dec 29/2021 EX. 734 EQ. 739 TU 746
June 15/2022 EX. 714 EQ. 684 TU 710
Inq. EX 2 EQ 5 TU 4 - - CC 5x24, 2x12
Amex BCP $32k - Apple GS $19k - BMW/Elan $14k - Cap1 QS $16.7k - Chase Amazon $13.6k - Chase Bonvoy Boundless $10k - Chase United Club Infinite $26k - Citi DC $14.5k - CreditUnion1 $9k - DiscoverIT $25.5k - HSBC Gold - $13k - PayBoo - $7.6k - Penfed Gold - $12.5k - USB AltitudeGO -$16k- USBank Cash+ -$24k - PenFed LOC - $20k - USB LOC - $8k
Message 2 of 8
RobertK
Valued Member

Re: ???Why 14 Point Score Decrease???

i have one card that has yet to report for the month of February (it reports end of month)


planning on leaving a balance on that

so that should get me the 14 points back?

 

interesting how these scores are just a snapshot in time and fluctuate so frequently

 

thanks again!

 

 

Message 3 of 8
RSX
Valued Contributor

Re: ???Why 14 Point Score Decrease???

yes - i think you will get them all back - i have usually seen on here that the All Zero penalty is 10-15 points

 

i dont understand this one anymore than i understand paying off your last loan dropping your score...

 

but this is the credit game....

Dec 16/2019. EX. 721. EQ. 723. TU 746
Dec 29/2020 EX. 729 EQ. 723 TU 746
Dec 29/2021 EX. 734 EQ. 739 TU 746
June 15/2022 EX. 714 EQ. 684 TU 710
Inq. EX 2 EQ 5 TU 4 - - CC 5x24, 2x12
Amex BCP $32k - Apple GS $19k - BMW/Elan $14k - Cap1 QS $16.7k - Chase Amazon $13.6k - Chase Bonvoy Boundless $10k - Chase United Club Infinite $26k - Citi DC $14.5k - CreditUnion1 $9k - DiscoverIT $25.5k - HSBC Gold - $13k - PayBoo - $7.6k - Penfed Gold - $12.5k - USB AltitudeGO -$16k- USBank Cash+ -$24k - PenFed LOC - $20k - USB LOC - $8k
Message 4 of 8
RobertK
Valued Member

Re: ???Why 14 Point Score Decrease???

kind thank yous once again RSX for the response!

 

helping me to advance my understanding of the rules of the game Smiley Happy

 

Message 5 of 8
SouthJamaica
Mega Contributor

Re: ???Why 14 Point Score Decrease???


@RobertK wrote:

Experian alert - score down 14 points!

3 Changes since last report - ALL positive (CLI on a card increased; Utilization decreased from 3% to 0%)

 

Only explanation i can think of is my 3 accounts now all show $0 balance

 

Could that be it?

 

Thank you


Sounds like it. Welcome to the All-Zero penalty Smiley Happy


Total revolving limits 699000 (597000 reporting) FICO 8: EQ 732 TU 721 EX 698

Message 6 of 8
SouthJamaica
Mega Contributor

Re: ???Why 14 Point Score Decrease???


@RobertK wrote:

i have one card that has yet to report for the month of February (it reports end of month)


planning on leaving a balance on that

so that should get me the 14 points back?

 

interesting how these scores are just a snapshot in time and fluctuate so frequently

 

thanks again!

 

 


Yes so long as it's a small balance.


Total revolving limits 699000 (597000 reporting) FICO 8: EQ 732 TU 721 EX 698

Message 7 of 8
RobertK
Valued Member

Re: ???Why 14 Point Score Decrease???


@SouthJamaica wrote:

@RobertK wrote:

i have one card that has yet to report for the month of February (it reports end of month)


planning on leaving a balance on that

so that should get me the 14 points back?

 

interesting how these scores are just a snapshot in time and fluctuate so frequently

 

thanks again!

 

 


Yes so long as it's a small balance.


Thank you for the response! Smiley Happy

Message 8 of 8
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