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.
10% Utilization Dropped Equifax FICO 18 Points
Started by
BobWang
, Jun 05 2011 08:36 AM
308 replies to this topic
#1
Posted 05 June 2011 - 08:36 AM
#2
Posted 05 June 2011 - 08:45 AM
Ughhhhhh BOB welcome to the 700's lol
#3
Posted 05 June 2011 - 08:49 AM
I'll be out next month.Ughhhhhh BOB welcome to the 700's lol
#4
Posted 05 June 2011 - 09:12 AM
I always wanted to say that by the way......
#5
Posted 05 June 2011 - 06:11 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%.
I have 1 card at 44%, 1 at 36%, 1 at 35% and 1 at 46%
all BT cards with overall 10%.
#6
Posted 05 June 2011 - 09:58 PM
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.
#7
Posted 07 June 2011 - 11:55 PM
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.
Now I only have 2 cards reporting balances, and got 8 points back.
#8
Posted 08 June 2011 - 12:34 AM
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.
#9
Posted 20 June 2011 - 09:45 AM
So, 10% utilization costs me 10 points.
10% utilization AND 3 accounts with balances costs another 8 points.
10% utilization AND 3 accounts with balances costs another 8 points.
#10
Posted 20 June 2011 - 10:43 AM
So, 10% utilization costs me 10 points.
10% utilization AND 3 accounts with balances costs another 8 points.
Super risky now...slummin' it in the 2% group!!! 
That 10% util on one card must really be freaking your FICO score card out.
#11
Posted 20 June 2011 - 10:50 AM
My hypothetical fixed mortgage rate has gone up 0.03%
So, 10% utilization costs me 10 points.
10% utilization AND 3 accounts with balances costs another 8 points.
That 10% util on one card must really be freaking your FICO score card out.
#12
Posted 20 June 2011 - 11:02 AM
My hypothetical fixed mortgage rate has gone up 0.03%
So, 10% utilization costs me 10 points.
10% utilization AND 3 accounts with balances costs another 8 points.
That 10% util on one card must really be freaking your FICO score card out.
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.
#13
Posted 20 June 2011 - 11:08 AM
If we didn't apply for any more cards for 10 years, we'd both be in the 835+ group.
My hypothetical fixed mortgage rate has gone up 0.03%
So, 10% utilization costs me 10 points.
10% utilization AND 3 accounts with balances costs another 8 points.
That 10% util on one card must really be freaking your FICO score card out.
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.
#14
Posted 20 June 2011 - 11:10 AM
If we didn't apply for any more cards for 10 years, we'd both be in the 835+ group.
My hypothetical fixed mortgage rate has gone up 0.03%
So, 10% utilization costs me 10 points.
10% utilization AND 3 accounts with balances costs another 8 points.
That 10% util on one card must really be freaking your FICO score card out.
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.
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.
#15
Posted 20 June 2011 - 11:14 AM
Sounds familiar.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.
Marcus's spirit lives on.
#16
Posted 20 June 2011 - 11:16 AM
Sounds familiar.
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.
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.
#17
Posted 20 June 2011 - 11:18 AM
He's busy saving the world.
Sounds familiar.
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.
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.
#18
Posted 20 June 2011 - 12:49 PM
My hypothetical fixed mortgage rate has gone up 0.03%
So, 10% utilization costs me 10 points.
10% utilization AND 3 accounts with balances costs another 8 points.
That 10% util on one card must really be freaking your FICO score card out.
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.
#19
Posted 23 June 2011 - 09:54 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
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
#20
Posted 23 June 2011 - 09:59 AM
Oh, my "high balance" on the Freedom Visa Siggy is $8616/17/2011
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
#21
Posted 23 June 2011 - 10:59 AM
Oh, my "high balance" on the Freedom Visa Siggy is $861
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
I've never heard of a Citi Freedom Card. Chase Freedom, yes, but not Citi. What're the bennies?
#22
Posted 23 June 2011 - 10:59 AM
Oh, my "high balance" on the Freedom Visa Siggy is $861
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
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...
#23
Posted 23 June 2011 - 11:03 AM
mea culpa, Chase Freedom.
Oh, my "high balance" on the Freedom Visa Siggy is $861
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
I've never heard of a Citi Freedom Card. Chase Freedom, yes, but not Citi. What're the bennies?
#24
Posted 23 June 2011 - 11:04 AM
mea culpa, Chase Freedom.
Oh, my "high balance" on the Freedom Visa Siggy is $861
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
I've never heard of a Citi Freedom Card. Chase Freedom, yes, but not Citi. What're the bennies?
I was giving you the benefit of the doubt.
#25
Posted 23 June 2011 - 11:04 AM
My Chase Freedom Visa Siggy almost always reports a $0 balance since I pre-pay it.
Oh, my "high balance" on the Freedom Visa Siggy is $861
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
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...
This is the first time in years that a balance has reported, and it cost me 6 points.
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