sCORE JUMP THEN DECREASE

Anonymous · ‎01-15-2016

Good morning,

My capitol one finally reported on the 11th and my score jumped up 27 pts. When Credit one finally reported on the 14th my score went back down 27 pts. Can someone explain this to me please. No late payments. Keepint UTI at 15% for both.

Anonymous · ‎01-15-2016

Are these your only credit cards? If so then you got a boost for having a new account then dinged for having all your cards reporting a balance.

Anonymous · ‎01-16-2016

So only one card should have a balance reporting?

Anonymous · ‎01-16-2016

You'll still get dinged for having 50% of your cards reporting, but should be a smaller ding. Try to get a third card and only have one reporting.

NRB525 · ‎01-16-2016

@Anonymous wrote:
Good morning,
My capitol one finally reported on the 11th and my score jumped up 27 pts. When Credit one finally reported on the 14th my score went back down 27 pts. Can someone explain this to me please. No late payments. Keepint UTI at 15% for both.

Is the Capital One card brand new, first reporting?

Is the Credit One a new card, first reporting?

What other cards do you have? What is their status for balances vs credit limit? How long have they been reporting?

What are your scores and where are you tracking them?

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765