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mrage

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I've got a question for the FICO gurus here.

 

The essential question is a store card vs. major card question, and whether utilization factors in differently for one than another... or if I was just rebucketed.

 

 

Now, the long version -

 

I have a young, thin, clean TU file. I have 5 revolving accounts, but 2 opened last month have not reported to TU and neither resulted in TU inq's, so for our purposes, I have 3 revolvers:

 

CapOne QS1 opened 4/14

Barclays Rewards opened 8/14

Walmart store card opened 8/14

 

 

My October Walmart TU08 FICO, which was purported to have been pulled Oct. 1, was 716, with following utilization:

 

CapOne 0%

Barclays 23%

Walmart 0%

------------------

Overall Uti: 12%

 

 

I decided this month I would let Walmart report a tiny balance and zero out the rest and see what my current max possible FICO is:

 

CapOne 0%

Barclays 0%

Walmart <1% ($5 balance)

---------------------------------

Overall Uti: <1%

 

Result: November Walmart TU08 FICO of 710

 

 

I expected it would go up, but it went down. So, is there some wrinkle in the utilization scoring that prefers you have that one small balance on a major revolver instead of store card, or did I perhaps get rebucketed for my oldest account hitting 6 months? I'm guessing the latter, but I must defer to the experts.

 

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My understanding is that FICO rounds utilization %, so that this month you showed up with 0% utilization ... which scores worse than having 1% (and seemingly less than your former 12% utilization).

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My understanding is that FICO rounds utilization %, so that this month you showed up with 0% utilization ... which scores worse than having 1% (and seemingly less than your former 12% utilization).

 

Normally anything that reports lower than 1% counts as 1% though.

 

Something else must have changed.

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