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10% Utilization Dropped Equifax FICO 18 Points

Started by BobWang , Jun 05 2011 08:36 AM

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308 replies to this topic

#26 BobWang

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Posted 23 June 2011 - 11:05 AM

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!

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#27 BobWang

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Posted 23 June 2011 - 11:08 AM

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.

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#28 clutchcargo

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Posted 23 June 2011 - 11:12 AM

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...

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#29 BobWang

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Posted 23 June 2011 - 11:21 AM

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.

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#30 PunisherSD

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Posted 23 June 2011 - 01:15 PM

Ughhhhhh BOB welcome to the 700's lol
I'll be out next month.

Only if you pay 50 dollars or roll doubles.

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#31 BobWang

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Posted 02 July 2011 - 01:54 AM

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

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#32 CIO

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Posted 02 July 2011 - 01:56 AM

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.

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#33 BobWang

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Posted 02 July 2011 - 02:00 AM

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.

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#34 BobWang

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Posted 12 July 2011 - 10:46 AM

My Experian bucket must have stayed the same.
Got back the 3 points I lost due to 10% utilization, at 820 again.

Posted Image

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#35 theD43

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Posted 12 July 2011 - 12:42 PM

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

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#36 TrevorHere

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Posted 12 July 2011 - 12:43 PM

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...

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#37 BobWang

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Posted 12 July 2011 - 12:51 PM

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.

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#38 CIO

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Posted 12 July 2011 - 12:54 PM

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.

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#39 BobWang

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Posted 12 July 2011 - 12:57 PM

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.

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#40 CIO

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Posted 12 July 2011 - 01:06 PM

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.

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#41 BobWang

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Posted 12 July 2011 - 01:13 PM

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.

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#42 CIO

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Posted 12 July 2011 - 01:25 PM

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

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#43 BobWang

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Posted 12 July 2011 - 01:44 PM

I did drop from 816 to 786 in my last spree in 2009
Took 6 months to claw back to 816.

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#44 BobWang

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Posted 22 July 2011 - 07:50 AM

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

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#45 BobWang

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Posted 22 July 2011 - 08:41 AM

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

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#46 BDK

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Posted 22 July 2011 - 09:49 AM

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.

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#47 BobWang

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Posted 22 July 2011 - 10:01 AM

I try, I try

-DB

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#48 CIO

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Posted 22 July 2011 - 10:44 AM

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