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Why have none of the 3 bureaus have picked up on my significantly lower util rate?

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hapagrrl
Regular Contributor

Why have none of the 3 bureaus have picked up on my significantly lower util rate?

I was at high utlity rate - about 88%, but paid them off at the beginning of June. I've been tracking via myfico.com and all three are still listing my CCs at 88%, which is categorically untrue (4 cards total; 2 have zero balances and two have small <$100 balances). Anyone have any insight on this? 

 

(Edited title so that it'd make sense)

Starting Score, 2011: TU 635, EQ 637, EX/FAKO 538
2014 (mortgage broker pull): TU 670, EQ 669, EX 674
2017 FICO 8: TU 730, EQ 732, EX 738 - Finally made the 700 club!
2021 FICO 8: TU 693 EQ 705 EX 690
I only have four cards, so not worth showing. $15,600 total CL.
Message 1 of 10
9 REPLIES 9
Anonymous
Not applicable

Re: Why have of the 3 bureaus have picked up on my significantly lower util rate?

How are you tracking utilization on MyFICO?  Utilization shown under "Amount of Debt" only updates when you pull a new report.  That can only occur once a month or quarter based on your subscription plan.

Message 2 of 10
hapagrrl
Regular Contributor

Re: Why have of the 3 bureaus have picked up on my significantly lower util rate?

Yes, that's what I'm looking at on the dashboard "Amount of Debt" for all 3 says 88% Smiley Sad    Thank you! I should have known it was a user error.  

Starting Score, 2011: TU 635, EQ 637, EX/FAKO 538
2014 (mortgage broker pull): TU 670, EQ 669, EX 674
2017 FICO 8: TU 730, EQ 732, EX 738 - Finally made the 700 club!
2021 FICO 8: TU 693 EQ 705 EX 690
I only have four cards, so not worth showing. $15,600 total CL.
Message 3 of 10
SouthJamaica
Mega Contributor

Re: Why have none of the 3 bureaus have picked up on my significantly lower util rate?


@hapagrrl wrote:

I was at high utlity rate - about 88%, but paid them off at the beginning of June. I've been tracking via myfico.com and all three are still listing my CCs at 88%, which is categorically untrue (4 cards total; 2 have zero balances and two have small <$100 balances). Anyone have any insight on this? 

 

(Edited title so that it'd make sense)


I'm reasonably certain it's because you haven't pulled a new 3B report. They don't update until you do.


Total revolving limits 569520 (505320 reporting) FICO 8: EQ 699 TU 696 EX 682




Message 4 of 10
hapagrrl
Regular Contributor

Re: Why have none of the 3 bureaus have picked up on my significantly lower util rate?

I just pulled an updated report: scores are still 693/705/690. What a bummer. 

Starting Score, 2011: TU 635, EQ 637, EX/FAKO 538
2014 (mortgage broker pull): TU 670, EQ 669, EX 674
2017 FICO 8: TU 730, EQ 732, EX 738 - Finally made the 700 club!
2021 FICO 8: TU 693 EQ 705 EX 690
I only have four cards, so not worth showing. $15,600 total CL.
Message 5 of 10
SouthJamaica
Mega Contributor

Re: Why have none of the 3 bureaus have picked up on my significantly lower util rate?


@hapagrrl wrote:

I just pulled an updated report: scores are still 693/705/690. What a bummer. 


Sorry.

 

Pretty strange that going from 88% aggregate utilization down to 2 zero balances and 2 sub $100 balances didn't get you a lot of points, regardless of whatever else is going on in your profile.


Total revolving limits 569520 (505320 reporting) FICO 8: EQ 699 TU 696 EX 682




Message 6 of 10
hapagrrl
Regular Contributor

Re: Why have none of the 3 bureaus have picked up on my significantly lower util rate?

The only thing that I can think of is a re-fi that I did recently, which is huge, of course. Otherwise, no significant changes..

Starting Score, 2011: TU 635, EQ 637, EX/FAKO 538
2014 (mortgage broker pull): TU 670, EQ 669, EX 674
2017 FICO 8: TU 730, EQ 732, EX 738 - Finally made the 700 club!
2021 FICO 8: TU 693 EQ 705 EX 690
I only have four cards, so not worth showing. $15,600 total CL.
Message 7 of 10
SouthJamaica
Mega Contributor

Re: Why have none of the 3 bureaus have picked up on my significantly lower util rate?


@hapagrrl wrote:

The only thing that I can think of is a re-fi that I did recently, which is huge, of course. Otherwise, no significant changes..


Well yes that might have played a part Smiley Happy


Total revolving limits 569520 (505320 reporting) FICO 8: EQ 699 TU 696 EX 682




Message 8 of 10
hapagrrl
Regular Contributor

Re: Why have none of the 3 bureaus have picked up on my significantly lower util rate?

Sounds like I just need to wait for things to "calm down," so to speak. Sigh.. 

Starting Score, 2011: TU 635, EQ 637, EX/FAKO 538
2014 (mortgage broker pull): TU 670, EQ 669, EX 674
2017 FICO 8: TU 730, EQ 732, EX 738 - Finally made the 700 club!
2021 FICO 8: TU 693 EQ 705 EX 690
I only have four cards, so not worth showing. $15,600 total CL.
Message 9 of 10
SouthJamaica
Mega Contributor

Re: Why have none of the 3 bureaus have picked up on my significantly lower util rate?


@hapagrrl wrote:

Sounds like I just need to wait for things to "calm down," so to speak. Sigh.. 


Yes.  You will get the points back.


Total revolving limits 569520 (505320 reporting) FICO 8: EQ 699 TU 696 EX 682




Message 10 of 10
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