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so we are aware that individual has a play on your fico score, what im not quite sure was clear was just how much it can mean something. Heres some dps
EXP: 760, overall uti 1%
EQ: 710, overall uti 3%, one individual uti @ 100%
TU: 771, same as EXP
approaching 4 years credit in novemeber, auto loan from 2021.
the only difference between the bureuas is report and which received the update first, pretty interesting to see a few hundred bucks shovel a score down 50-60
Edit: FICO 08 Scoring models provided from Experian app.
@elixerin wrote:so we are aware that individual has a play on your fico score, what im not quite sure was clear was just how much it can mean something. Heres some dps
EXP: 760, overall uti 1%
EQ: 710, overall uti 3%, one individual uti @ 100%
TU: 771, same as EXP
approaching 4 years credit in novemeber, auto loan from 2021.
the only difference between the bureuas is report and which received the update first, pretty interesting to see a few hundred bucks shovel a score down 50-60
It's not the dollar amount that matters, it's the utilization - In your case having a maxed out card ( 100% utilization ).
@elixerin - can you please verify the scoring model used for each CRA's score you presented? I assume they are all FICO 8, but I don't like to assume, because for many it is difficult to obtain a FICO 8 for TU and EQ - especially for the same exact day as EX ... thanks
@calisig wrote:@elixerin - can you please verify the scoring model used for each CRA's score you presented? I assume they are all FICO 8, but I don't like to assume, because for many it is difficult to obtain a FICO 8 for TU and EQ - especially for the same exact day as EX ... thanks
yes sorry, i used FICO 08's provided in the Experian app. free trial and just happened to refresh my 3 bureau at a snapshot that allowed me to share this DP.
Who's the creditor that only reports to EQ?
@FireMedic1 wrote:Who's the creditor that only reports to EQ?
none to my knowledge, this was just to show an individual utilization DP and how i was able to was good old lag on reporting amongst the bureaus and my happened timing of refreshing the 3b report, nothing else. if i were to be able to check again today, im sure EQ would now be up to date
@pizzadude wrote:
@elixerin wrote:so we are aware that individual has a play on your fico score, what im not quite sure was clear was just how much it can mean something. Heres some dps
EXP: 760, overall uti 1%
EQ: 710, overall uti 3%, one individual uti @ 100%
TU: 771, same as EXP
approaching 4 years credit in novemeber, auto loan from 2021.
the only difference between the bureuas is report and which received the update first, pretty interesting to see a few hundred bucks shovel a score down 50-60
It's not the dollar amount that matters, it's the utilization - In your case having a maxed out card ( 100% utilization ).
The impact of individual utilization drives me nuts. I know the game we play for maximizing sores isn't going to change significantly anytime soon, but I'll forever find it ridiculous that 2 people with the same aggregate card limits and aggregate balances will have vastly different scores based on the distribution of the balances. If someone has 2 cards, one withn a $500 limit and one with a $5k limit and $500 reporting as of statement close, it shouldn't matter how that $500 is distributed amongst the cards. $500 is $500 no matter how you package it imo, but I'm not a CRA nor am I a Fair Isaac employee so my opinion doesn't matter!
This is accurate. Fico does NOT LIKE high utilization on even a single card. Stay under 30% to avoid maximum hits to your score, and under 10% for maximum boosts in scores.