Wrong utilization showing from fico app and experian?

[Crossgamerhd]

Hey guys, 

My experian is showing I have a 17 percent utilization and hoping it will be like 3 percent by end of month.

Why does my fico still showing a whopping 59 percent even though all credits are paid off. Well almost all only card left is at 90 percent uti but  it's closing date isn't gonna be here until 28th and it's fully paid off to 0

So I'm not sure why everything is so higher on the fico app but experian showing the right stuff.

Doesn't seem like fico updated in real time? 

[OmarGB9]

what is the date for the MyFICO report? Is it the same as your EX application?

[expatCanuck]

Have all cards reported all payments to the bureaus?  IIRC, lenders report a few days after statement close (except US Bank and any others who report the EOM balance), and it can often take a day or three for that report receipt to impact scores.

[FireMedic1]

It will catch up. CRA's do updates just like banks. Took TU to update my balance from PENFED a week after the others showed it correctly.

[Crossgamerhd]

Hi,

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@OmarGB9 wrote:

what is the date for the MyFICO report? Is it the same as your EX application?

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Yeah, it is the same as EX.

So weird the revolving are still high even though everything is paid off lol

But hope on the 1st things will reflect properly.

Finally, will be able to manage my finances properly with all cards paid off. 

[Crossgamerhd]

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@expatCanuck wrote:

Have all cards reported all payments to the bureaus?  IIRC, lenders report a few days after statement close (except US Bank and any others who report the EOM balance), and it can often take a day or three for that report receipt to impact scores.

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Yeah, EX reporter 95% of them I saw some that missed their reported date last month but hope that should change this month as well.

I'm expected 3% uti next week.

And move closer to good standing. I hope. 🙏