10% Utilization Dropped Equifax FICO 18 Points

[BobWang]

9/22/2011

Citi Forward Visa $33 of $12,000

FICO 816

 

10/22/2011

Citi Forward Visa $1 of $12,000 (Reported as $0.00)

FICO 804

 

11/25/2011

Citi Forward Visa $0.00 of $12,000

FICO 804

 

12/23/2011

Citi Forward Visa $11 of $12,000

FICO 816

[BobWang]

9/22/2011

Citi Forward Visa $33 of $12,000

Eq 816

Ex 823

TU 825

 

10/22/2011

Citi Forward Visa $1 of $12,000 (Equifax ONLY Reported as $0.00)

Eq 804

Ex 823

TU 825

 

11/25/2011

Citi Forward Visa $0.00 of $12,000

Eq 804

Ex 815

TU 811

 

01/13/2012

Citi Forward Visa $11 of $12,000

Eq 816

Ex 840

TU 825

[BobWang]

12/31/2011

Citi Forward Visa $11 of $12,000

Eq 816

Ex 840

TU 825

 

01/13/2012

Citi Forward Visa $11 of $12,000

PenFed Visa $7 of $30,000

Eq 816

Ex 840

TU 825

[selfmadetool]

ACK!

I forgot that Citi reports a $1.00 balance as $0.00

 

Lost 12 points due to NO balances reporting.

 

Thank you for the confirmation, BobWang. I've read that you should allow a balance to report on at least one card every month in order to show you can manage debt, but was never sure if that was a fact or myth.

[BobWang]

01/13/2012

Citi Forward Visa $11 of $12,000

PenFed Visa $7 of $30,000

Eq 816

Ex 840

TU 825

 

01/20/2012

PenFed Visa $7 of $30,000

Eq 816

Ex 840

TU 825

[Menta33]

I don't see how rebucketing could persist after the supposed cause (10% utility) is no longer detectable on your credit report.

[BobWang]

Menta, I'm just using this thread as a chronicle of my credit scores.

 

This way, people who are interested, can see how different factors affect my scores.

[TCisME]

If you are only charging 7 bucks on a 25k limit, why do you have so much credit? I know I am missing something here.

[TCisME]

If you are only charging 7 bucks on a 25k limit, why do you have so much credit? I know I am missing something here.

[doyler]

Hey Bob how do you go about setting this up for yourself? (not necessarily needed right away but next time I apply for credit wouldn't mine any little bump I could get) and do you find it easier with any creditors than others to do this?

[BobWang]

If you are only charging 7 bucks on a 25k limit, why do you have so much credit? I know I am missing something here.

Yes you are.

[BobWang]

Hey Bob how do you go about setting this up for yourself? (not necessarily needed right away but next time I apply for credit wouldn't mine any little bump I could get) and do you find it easier with any creditors than others to do this?

Every card that offers it, I set up for AutoPay of full statement balance.

 

I also push payments from Alliant to cover any charges that might sneak in before statement close.

 

PenFed is nice in that I can over-push to my PenFed Visa directly from my PenFed checking account.

 

For cards with frequent activity, I routinely push $500.00 - $1,000.00 over balance, including pending charges.

[doyler]

Right, I've got PIF setup for every card I can (everything but my Walmart Discover which is nice)

 

But other than that is there any way to tell when statements cut so I'd know when I could charge something and have it hit between my payment and the reporting?

 

Thanks for that heads up though, I'll probably do it with my PenFed when I do since that seems the best way

Edited January 24, 2012 by doyler

[BobWang]

I answered in this thread:

 

http://creditboards....dpost&p=4612827

[BobWang]

01/20/2012

Visa $7 of $30,000

Eq 816

Ex 840

TU 825

 

01/27/2012

Visa $7 of $30,000

MasterCard $18 of $18,000

Eq 816

Ex 840

TU 825

[visorboy1974]

01/20/2012

Visa $7 of $30,000

Eq 816

Ex 840

TU 825

 

01/27/2012

Visa $7 of $30,000

MasterCard $18 of $18,000

Eq 816

Ex 840

TU 825

 

The creditors have their eyes on you Bob...your UTIL is going through the roof!

[1234]

01/20/2012

Visa $7 of $30,000

Eq 816

Ex 840

TU 825

 

01/27/2012

Visa $7 of $30,000

MasterCard $18 of $18,000

Eq 816

Ex 840

TU 825

 

The creditors have their eyes on you Bob...your UTIL is going through the roof!

Lets hope is not going through the roof because he will have to replace it and is UTIL will higher.

[BobWang]

01/20/2012

Visa $7 of $30,000

Eq 816

Ex 840

TU 825

 

01/27/2012

Visa $7 of $30,000

MasterCard $18 of $18,000

AmEx $5 of $5,000

Eq 816

Ex 840

TU 825

[BobWang]

[swizzle1969]

bob, how often do you open a new account?

[BobWang]

bob, how often do you open a new account?

I used to open at least an account a month.

 

But, after losing $200k due to AA from my last app spree, I've reformed.

 

Last new account was Wally Discover in July, 2011.

 

That bumped up my available credit by $1.3k, and I didn't lose anything!

[swizzle1969]

And myfico scorewatch gives you a real EQ FICO score each time it changes just for the monthly fee? or are you paying for those FICO scores each time you post one?

[BobWang]

And myfico scorewatch gives you a real EQ FICO score each time it changes just for the monthly fee? or are you paying for those FICO scores each time you post one?

Both myFICO & Equifax's Score Watch will alert you to Equifax FICO score changes.

 

The alert may be delayed a day or two from the actual score change.

[BobWang]

Before signing up for either product, make sure you know what C* is.

[swizzle1969]

Before signing up for either product, make sure you know what C* is.

 

 

can you point me in the right direction?