10% Utilization Dropped Equifax FICO 18 Points

[BobWang]

6/17/2011

Discover Business - $2,016 of $20,000

Citi Forward - $14 of $12,000

Citi Freedom Siggy - $305 of $10,000 (Limit does not report)

FICO 798

 

 

6/22/2011

Citi Forward - $14 of $12,000

Citi Freedom Siggy - $305 of $10,000 (Limit does not report)

FICO 810

 

So, I'm suspecting I'm being penalized 6 points for having a "high balance" on a NPSL Visa Siggy

Oh, my "high balance" on the Freedom Visa Siggy is $861

 

I've never heard of a Citi Freedom Card. Chase Freedom, yes, but not Citi. What're the bennies?

mea culpa, Chase Freedom.

 

 

I was giving you the benefit of the doubt.

Thanks!

[BobWang]

Even though Visa Signatures are not supposed to factor into utilization, my Chase Freedom reporting a balance dinged me this month.

I'll be more careful to make sure it's pre-paid in future.

[clutchcargo]

My Sapphire has a $5k limit... I don't want a 25% balance to show up, but if Chase reports siggy's correctly then it shouldn't get used in UT calculations. But it probably is in your case. Perfect. Worst of both worlds

 

 

 

 

 

Well, except for keeping total CL's a secret I guess...

[BobWang]

My $40k Chase CashPlus is my only non-Siggy Chase poking its head up.

Haven't adjusted that card since I'm still grandfathered in at 5% groceries and drugs.

 

My little girl just got notified that her CashPlus is being converted to a Chase Freedom.

[PunisherSD]

Ughhhhhh BOB welcome to the 700's lol

I'll be out next month.

 

Only if you pay 50 dollars or roll doubles.

[BobWang]

6/17/2011

Discover Business - $2,016 of $20,000

Citi Forward - $14 of $12,000

Chase Freedom Siggy - $305 of $10,000 (Limit does not report)

FICO 798

 

 

6/22/2011

Citi Forward - $14 of $12,000

Chase Freedom Siggy - $305 of $10,000 (Limit does not report)

FICO 810

 

 

6/30/2011

Citi Forward - $14 of $12,000

Chase Freedom Siggy - $305 of $10,000 (Limit does not report)

Chase Cash Plus $13 of $40,000

FICO 802

[CIO]

6/17/2011

Discover Business - $2,016 of $20,000

Citi Forward - $14 of $12,000

Chase Freedom Siggy - $305 of $10,000 (Limit does not report)

FICO 798

 

 

6/22/2011

Citi Forward - $14 of $12,000

Chase Freedom Siggy - $305 of $10,000 (Limit does not report)

FICO 810

 

 

6/30/2011

Citi Forward - $14 of $12,000

Chase Freedom Siggy - $305 of $10,000 (Limit does not report)

Chase Cash Plus $13 of $40,000

FICO 802

 

That's a nasty bucket you're being carried around in.

[BobWang]

6/17/2011

Discover Business - $2,016 of $20,000

Citi Forward - $14 of $12,000

Chase Freedom Siggy - $305 of $10,000 (Limit does not report)

FICO 798

 

 

6/22/2011

Citi Forward - $14 of $12,000

Chase Freedom Siggy - $305 of $10,000 (Limit does not report)

FICO 810

 

 

6/30/2011

Citi Forward - $14 of $12,000

Chase Freedom Siggy - $305 of $10,000 (Limit does not report)

Chase Cash Plus $13 of $40,000

FICO 802

 

That's a nasty bucket you're being carried around in.

I think the lesson is that 10% utilization demoted me to a particularly balance-sensitive bucket.

[BobWang]

My Experian bucket must have stayed the same.

Got back the 3 points I lost due to 10% utilization, at 820 again.

 

[theD43]

Wow, I wonder how much I am losing.

I have 1 card at 44%, 1 at 36%, 1 at 35% and 1 at 46%

all BT cards with overall 10%.

 

a good bit probally 30 points

[TrevorHere]

Bob, awhile back you allowed many accounts to report a balance. How many points did you lose on that? Can't find the thread right now...

[BobWang]

Bob, awhile back you allowed many accounts to report a balance. How many points did you lose on that? Can't find the thread right now...

I let 2 dozen accounts report small balances.

Absolutely no change on myFICO ScoreWatch.

 

Didn't have PSECU at that time, so don't know if my Experian FICO took a hit.

 

But, 0 points lost for >20 accounts with teeny balances.

[CIO]

Bob, awhile back you allowed many accounts to report a balance. How many points did you lose on that? Can't find the thread right now...

I let 2 dozen accounts report small balances.

Absolutely no change on myFICO ScoreWatch.

 

Didn't have PSECU at that time, so don't know if my Experian FICO took a hit.

 

But, 0 points lost for >20 accounts with teeny balances.

 

Yep, I remember that, and that's why I was shocked when you lost so many points, and thought maybe you'd been re-bucketed.

[BobWang]

Bob, awhile back you allowed many accounts to report a balance. How many points did you lose on that? Can't find the thread right now...

I let 2 dozen accounts report small balances.

Absolutely no change on myFICO ScoreWatch.

 

Didn't have PSECU at that time, so don't know if my Experian FICO took a hit.

 

But, 0 points lost for >20 accounts with teeny balances.

 

Yep, I remember that, and that's why I was shocked when you lost so many points, and thought maybe you'd been re-bucketed.

Yeah, I'm quite sure that 10% uitilization re-bucketed me, since I haven't gotten those 18 points back.

[CIO]

Bob, awhile back you allowed many accounts to report a balance. How many points did you lose on that? Can't find the thread right now...

I let 2 dozen accounts report small balances.

Absolutely no change on myFICO ScoreWatch.

 

Didn't have PSECU at that time, so don't know if my Experian FICO took a hit.

 

But, 0 points lost for >20 accounts with teeny balances.

 

Yep, I remember that, and that's why I was shocked when you lost so many points, and thought maybe you'd been re-bucketed.

Yeah, I'm quite sure that 10% uitilization re-bucketed me, since I haven't gotten those 18 points back.

 

It could be worse...you could be slummin' it with me down in the FICO pits. I'm sure mine's got another 20 points to drop. Won't be pretty for a few months, but I added 6 figures.

[BobWang]

Bob, awhile back you allowed many accounts to report a balance. How many points did you lose on that? Can't find the thread right now...

I let 2 dozen accounts report small balances.

Absolutely no change on myFICO ScoreWatch.

 

Didn't have PSECU at that time, so don't know if my Experian FICO took a hit.

 

But, 0 points lost for >20 accounts with teeny balances.

 

Yep, I remember that, and that's why I was shocked when you lost so many points, and thought maybe you'd been re-bucketed.

Yeah, I'm quite sure that 10% uitilization re-bucketed me, since I haven't gotten those 18 points back.

 

It could be worse...you could be slummin' it with me down in the FICO pits. I'm sure mine's got another 20 points to drop. Won't be pretty for a few months, but I added 6 figures.

My last spree barely affected my Equifax FICO.

I hope I haven't been re-bucketed into the 50 point drop group again.

[CIO]

Bob, awhile back you allowed many accounts to report a balance. How many points did you lose on that? Can't find the thread right now...

I let 2 dozen accounts report small balances.

Absolutely no change on myFICO ScoreWatch.

 

Didn't have PSECU at that time, so don't know if my Experian FICO took a hit.

 

But, 0 points lost for >20 accounts with teeny balances.

 

Yep, I remember that, and that's why I was shocked when you lost so many points, and thought maybe you'd been re-bucketed.

Yeah, I'm quite sure that 10% uitilization re-bucketed me, since I haven't gotten those 18 points back.

 

It could be worse...you could be slummin' it with me down in the FICO pits. I'm sure mine's got another 20 points to drop. Won't be pretty for a few months, but I added 6 figures.

My last spree barely affected my Equifax FICO.

I hope I haven't been re-bucketed into the 50 point drop group again.

 

I always get HAMMERED in points lost in the second month of a new TL reporting, so that's why I'm feelin' pessimistic that this ain't the bottom for me. LOL

[BobWang]

I did drop from 816 to 786 in my last spree in 2009

Took 6 months to claw back to 816.

[BobWang]

Silver lining in Citi Forward erroneously reporting as a $0 balance is gaining 8 points going from 3 cards with a balance to 2.

I'm hoping when my Visa siggy reports $0 balance in the next few days, I'll recover completely to 816.

 

6/17/2011

Discover Business - $2,016 of $20,000

Citi Forward - $14 of $12,000

Chase Freedom Siggy - $305 of $10,000 (Limit does not report)

FICO 798

 

 

6/22/2011

Citi Forward - $14 of $12,000

Chase Freedom Siggy - $305 of $10,000 (Limit does not report)

FICO 810

 

 

6/30/2011

Citi Forward - $14 of $12,000

Chase Freedom Siggy - $305 of $10,000 (Limit does not report)

Chase Cash Plus $13 of $40,000

FICO 802

 

 

7/22/2011

Chase Freedom Siggy - $305 of $10,000 (Limit does not report)

Chase Cash Plus $13 of $40,000

FICO 810

[BobWang]

I take it all back.

I looked back, and the 10% utilization did not hurt me TILL 3 cards, one of them a Visa Siggy reported balances

 

 

5/5/2011

Discover Business - $2,016 of $20,000

Citi Forward - $46 of $12,000

FICO 816

 

 

6/17/2011

Discover Business - $2,016 of $20,000

Citi Forward - $14 of $12,000

Chase Freedom Siggy - $305 of $10,000 (Limit does not report)

FICO 798

 

 

6/22/2011

Citi Forward - $14 of $12,000

Chase Freedom Siggy - $305 of $10,000 (Limit does not report)

FICO 810

 

 

6/30/2011

Citi Forward - $14 of $12,000

Chase Freedom Siggy - $305 of $10,000 (Limit does not report)

Chase Cash Plus $13 of $40,000

FICO 802

 

 

7/22/2011

Chase Freedom Siggy - $305 of $10,000 (Limit does not report)

Chase Cash Plus $13 of $40,000

FICO 810

[BDK]

I take it all back.

I looked back, and the 10% utilization did not hurt me TILL 3 cards, one of them a Visa Siggy reported balances

 

 

5/5/2011

Discover Business - $2,016 of $20,000

Citi Forward - $46 of $12,000

FICO 816

 

 

6/17/2011

Discover Business - $2,016 of $20,000

Citi Forward - $14 of $12,000

Chase Freedom Siggy - $305 of $10,000 (Limit does not report)

FICO 798

 

 

6/22/2011

Citi Forward - $14 of $12,000

Chase Freedom Siggy - $305 of $10,000 (Limit does not report)

FICO 810

 

 

6/30/2011

Citi Forward - $14 of $12,000

Chase Freedom Siggy - $305 of $10,000 (Limit does not report)

Chase Cash Plus $13 of $40,000

FICO 802

 

 

7/22/2011

Chase Freedom Siggy - $305 of $10,000 (Limit does not report)

Chase Cash Plus $13 of $40,000

FICO 810

 

PYBDB.

[BobWang]

I try, I try

 

-DB

[CIO]

I take it all back.

I looked back, and the 10% utilization did not hurt me TILL 3 cards, one of them a Visa Siggy reported balances

 

 

5/5/2011

Discover Business - $2,016 of $20,000

Citi Forward - $46 of $12,000

FICO 816

 

 

6/17/2011

Discover Business - $2,016 of $20,000

Citi Forward - $14 of $12,000

Chase Freedom Siggy - $305 of $10,000 (Limit does not report)

FICO 798

 

 

6/22/2011

Citi Forward - $14 of $12,000

Chase Freedom Siggy - $305 of $10,000 (Limit does not report)

FICO 810

 

 

6/30/2011

Citi Forward - $14 of $12,000

Chase Freedom Siggy - $305 of $10,000 (Limit does not report)

Chase Cash Plus $13 of $40,000

FICO 802

 

 

7/22/2011

Chase Freedom Siggy - $305 of $10,000 (Limit does not report)

Chase Cash Plus $13 of $40,000

FICO 810

 

 

I'll say it again, that's one HARSH bucket! Wowza...3 balances reporting and hammered.

[BobWang]

[BobWang]