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2 years ago
Fri Dec 23, 2022 2:31 pm
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Beefy
Seasoned Rebel
I only pay for quarterly updates from myFICO I like to read the reports but I don’t really need them so wondering what those of you getting monthly updates are seeing but from my last 9 months of observation…
It still doesn’t matter if you let heavy usage report, as long as that usage is consistent.
In 2021 I never let balances report… my “trend” was 0-2%
This year I started letting about 1k report on my AppleCard based on what the CSR told me about reported balances and CLI… my usage was still about 1% because my limits had risen substantially, this still triggered the negative reason code high balance/usage in relation to historical usage now… if your 18 month historical usage is to report let’s say 10% and every month you let that 10% report your reported balance is no longer high in relation to historical usage your data is now trending as stable “no point loss” on my 9/2022 3b report I had gotten sloppy and had like 4 cards report a balance although this was much less than the 1k I was letting apple report I now had the reason code high number of accounts reporting a balance vs historical data. My 12/2022 only had a single 98 dollar balance report neither the high number of accounts or high usage in relation to historical limits reason codes are on my report meaning going back to AZEO 1-3 months before a major credit decision will yield the same behavior as it does in fico 8 and 9.
Are you seeing the same behavior? Or am I simply not seeing enough data points to draw a proper conclusion?
It still doesn’t matter if you let heavy usage report, as long as that usage is consistent.
In 2021 I never let balances report… my “trend” was 0-2%
This year I started letting about 1k report on my AppleCard based on what the CSR told me about reported balances and CLI… my usage was still about 1% because my limits had risen substantially, this still triggered the negative reason code high balance/usage in relation to historical usage now… if your 18 month historical usage is to report let’s say 10% and every month you let that 10% report your reported balance is no longer high in relation to historical usage your data is now trending as stable “no point loss” on my 9/2022 3b report I had gotten sloppy and had like 4 cards report a balance although this was much less than the 1k I was letting apple report I now had the reason code high number of accounts reporting a balance vs historical data. My 12/2022 only had a single 98 dollar balance report neither the high number of accounts or high usage in relation to historical limits reason codes are on my report meaning going back to AZEO 1-3 months before a major credit decision will yield the same behavior as it does in fico 8 and 9.
Are you seeing the same behavior? Or am I simply not seeing enough data points to draw a proper conclusion?
Click images to enlarge them.
![Image](https://i.postimg.cc/Zn76QLbc/Abound.jpg)
![Image](https://i.postimg.cc/Pf2bNdWw/Affinity.png)
![Image](https://i.postimg.cc/FK53wz42/applecard.png)
![Image](https://i.postimg.cc/0QZS6Cws/alt-go.png)
![Image](https://i.postimg.cc/15XGqbBY/blue-cash-everyday.webp)
![Image](https://i.postimg.cc/KvWnrQsc/creditone.png)
![Image](https://i.postimg.cc/5tBLJJ9j/discover.png)
![Image](https://i.postimg.cc/pTP8XSyC/evergreen.png)
![Image](https://i.postimg.cc/Hk7bS5fw/paypal.png)
![Image](https://i.postimg.cc/yxdZ0SmS/quicksilver-card-art.webp)
![Image](https://i.postimg.cc/VvVbgLgZ/Redstone-FCU-VS-edit-2.png)
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Score data
EQ8-791; TU8-780 EX8-766
EQ9-816; TU9-776; EX9-776
EQ5-729; TI4- 740; EX2-723 - Classic 8 Scorecard CLEAN/THICK/YOUNG/NEW-REVOLVER
- Mortgage Scorecard CLEAN/THICK/YOUNG/NEW-ACCOUNT
- AoOA 2y5m
- AoORA 2y5m
- Date of Last Inquiry and/or New Account Opening May 28th, 2024
- Garden Goal 12