10% Utilization Dropped Equifax FICO 18 Points

[BobWang]

Discover was offering a bonus for spending $2,000.

So, I decided to let it report as an experiment.

Equifax FICO went from 816 to 798.

[iWhat]

Ughhhhhh BOB welcome to the 700's lol

[BobWang]

Ughhhhhh BOB welcome to the 700's lol

I'll be out next month.

[iWhat]

I always wanted to say that by the way......

[wanabe]

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%.

[supraman]

Not liking the sound of that, might have some financing to do soon and I have a new 4400 balance transfer sitting on a 10,500 limit card that will report this month. Wonder how bad it's going to hurt.

[BobWang]

Looks like it was a combination of 3 cards reporting a balance, with one of them at 10%.

Now I only have 2 cards reporting balances, and got 8 points back.

[CIO]

Looks like it was a combination of 3 cards reporting a balance, with one of them at 10%.

Now I only have 2 cards reporting balances, and got 8 points back.

 

Bob, sounds like you've moved onto another score card since last year, when you had a ton of cards report balances and had no effect. Unless it's the 10% factor weighing so heavily.

[BobWang]

So, 10% utilization costs me 10 points.

10% utilization AND 3 accounts with balances costs another 8 points.

[CIO]

So, 10% utilization costs me 10 points.

10% utilization AND 3 accounts with balances costs another 8 points.

 

:swoon: Super risky now...slummin' it in the 2% group!!!

 

That 10% util on one card must really be freaking your FICO score card out.

[BobWang]

So, 10% utilization costs me 10 points.

10% utilization AND 3 accounts with balances costs another 8 points.

 

:swoon: Super risky now...slummin' it in the 2% group!!!

 

That 10% util on one card must really be freaking your FICO score card out.

My hypothetical fixed mortgage rate has gone up 0.03%

[CIO]

So, 10% utilization costs me 10 points.

10% utilization AND 3 accounts with balances costs another 8 points.

 

:swoon: Super risky now...slummin' it in the 2% group!!!

 

That 10% util on one card must really be freaking your FICO score card out.

My hypothetical fixed mortgage rate has gone up 0.03%

 

I don't know how people maintain these 835+ scores consistently. One slip up and you're toast. Oh, that's right...they're usually not CW/CPs like us, juggling multiple cards and trying to remember stmt dates to PIF before hand.

[BobWang]

So, 10% utilization costs me 10 points.

10% utilization AND 3 accounts with balances costs another 8 points.

 

:swoon: Super risky now...slummin' it in the 2% group!!!

 

That 10% util on one card must really be freaking your FICO score card out.

My hypothetical fixed mortgage rate has gone up 0.03%

 

I don't know how people maintain these 835+ scores consistently. One slip up and you're toast. Oh, that's right...they're usually not CW/CPs like us, juggling multiple cards and trying to remember stmt dates to PIF before hand.

If we didn't apply for any more cards for 10 years, we'd both be in the 835+ group.

[CIO]

So, 10% utilization costs me 10 points.

10% utilization AND 3 accounts with balances costs another 8 points.

 

:swoon: Super risky now...slummin' it in the 2% group!!!

 

That 10% util on one card must really be freaking your FICO score card out.

My hypothetical fixed mortgage rate has gone up 0.03%

 

I don't know how people maintain these 835+ scores consistently. One slip up and you're toast. Oh, that's right...they're usually not CW/CPs like us, juggling multiple cards and trying to remember stmt dates to PIF before hand.

If we didn't apply for any more cards for 10 years, we'd both be in the 835+ group.

 

1 year down next month, and 9 more to go. Nah...no fun in that. Gotta take the FICO for a spin every once in awhile.

[BobWang]

1 year down next month, and 9 more to go. Nah...no fun in that. Gotta take the FICO for a spin every once in awhile.

Sounds familiar.

 

Marcus's spirit lives on.

[CIO]

1 year down next month, and 9 more to go. Nah...no fun in that. Gotta take the FICO for a spin every once in awhile.

Sounds familiar.

 

Marcus's spirit lives on.

 

I still remember that article comparing it to a shiny sports car. Still read his stuff and reference it to others. I miss his presence on here.

[BobWang]

1 year down next month, and 9 more to go. Nah...no fun in that. Gotta take the FICO for a spin every once in awhile.

Sounds familiar.

 

Marcus's spirit lives on.

 

I still remember that article comparing it to a shiny sports car. Still read his stuff and reference it to others. I miss his presence on here.

He's busy saving the world.

[markca]

So, 10% utilization costs me 10 points.

10% utilization AND 3 accounts with balances costs another 8 points.

 

:swoon: Super risky now...slummin' it in the 2% group!!!

 

That 10% util on one card must really be freaking your FICO score card out.

My hypothetical fixed mortgage rate has gone up 0.03%

 

I don't know how people maintain these 835+ scores consistently. One slip up and you're toast. Oh, that's right...they're usually not CW/CPs like us, juggling multiple cards and trying to remember stmt dates to PIF before hand.

 

That's because we're badasses here who like to live on the edge.

[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

[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

[CIO]

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?

[clutchcargo]

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

 

So Chase siggy's don't report limits? The Sapphire is my first Chase signature and I was a little concerned about how much reported on it's first statement cut. (Don't want to get flagged for pre-paying it) But if Chase doesn't report the limit then it really doesn't matter what the balance is...

[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.

[CIO]

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.

[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

 

So Chase siggy's don't report limits? The Sapphire is my first Chase signature and I was a little concerned about how much reported on it's first statement cut. (Don't want to get flagged for pre-paying it) But if Chase doesn't report the limit then it really doesn't matter what the balance is...

My Chase Freedom Visa Siggy almost always reports a $0 balance since I pre-pay it.

This is the first time in years that a balance has reported, and it cost me 6 points.