-24 pts EX 8 for Installment Utilization

TU8 799/EX8 786/EQ8 805 EQ5 770/EX2 757 8/18/2023

3 years ago

Fri Nov 12, 2021 5:34 pm

Saeren

Rebel Administrator

Recent HP or new account.

Level0 Last INQFriday, August 23, 2024 Gardening For24 days, 13 hours, and 33 minutes Next Level in6 days, 10 hours, and 27 minutes on September 23rd INQ 1yr onSaturday, August 23, 2025 INQ 1yr in11 months, 6 days, 10 hours, and 27 minutes INQ 2yr onSunday, August 23, 2026 INQ 2yr in1 year, 11 months, 6 days, 10 hours, and 27 minutes Goal6 months Goal DateSunday, February 23, 2025 Goal In5 months, 6 days, 10 hours, and 27 minutes

That is quite the penalty for sure. Yikes.

3 years ago

Fri Nov 12, 2021 7:39 pm

AllZero

Outlier

AllZero has been gardening for over 2 years.

Level29 Last INQSaturday, March 26, 2022 Gardening For2 years, 5 months, 21 days, 13 hours, and 33 minutes Next Level in9 days, 10 hours, and 27 minutes on September 26th INQ 1yr onSunday, March 26, 2023 INQ 1yr reached1 year, 5 months, 21 days, 13 hours, and 33 minutes ago INQ 2yr onTuesday, March 26, 2024 INQ 2yr reached5 months, 21 days, 13 hours, and 33 minutes ago

Thank you for sharing the data points. Agreed, that's steep score reduction.

3 years ago

Fri Nov 12, 2021 8:12 pm

SoonerSoldier33

Seasoned RebelTeam Cash Back

Level9 Last INQMonday, November 27, 2023 Gardening For9 months, 20 days, 13 hours, and 33 minutes Next Level in10 days, 10 hours, and 27 minutes on September 27th INQ 1yr onWednesday, November 27, 2024 INQ 1yr in2 months, 10 days, 10 hours, and 27 minutes INQ 2yr onThursday, November 27, 2025 INQ 2yr in1 year, 2 months, 10 days, 10 hours, and 27 minutes Goal24 months Goal DateThursday, November 27, 2025 Goal In1 year, 2 months, 10 days, 10 hours, and 27 minutes

AllZero wrote: ↑Fri Nov 12, 2021 7:39 pm Thank you for sharing the data points. Agreed, that's steep score reduction.

On a dirty scorecard where score losses and increases are so often minimized, I was really surprised myself. It will be interesting to see how the other CRAs react, bc EX has been hypersensitive to the recent changes to my file, where TU and EQ seem not to be so far.

3 years ago

Sat Nov 13, 2021 12:59 am

BrutalBodyShots

Senior AdministratorGoodwill Saturation Technique Author

BrutalBodyShots has been gardening for over 2 years.
BrutalBodyShots has achieved the Garden Goal !!

Level27 Last INQMonday, May 23, 2022 Gardening For2 years, 3 months, 24 days, 13 hours, and 33 minutes Next Level in6 days, 10 hours, and 27 minutes on September 23rd INQ 1yr onTuesday, May 23, 2023 INQ 1yr reached1 year, 3 months, 24 days, 13 hours, and 33 minutes ago INQ 2yr onThursday, May 23, 2024 INQ 2yr reached3 months, 24 days, 13 hours, and 33 minutes ago Goal24 months Goal DateThursday, May 23, 2024 Goal Achieved3 months, 24 days, 13 hours, and 33 minutes ago

Prior to going from 64% to 100% installment loan utilization, didn't you first move from 3% to 64% installment loan utilization from before to when the truck loan reported? Perhaps I misread what you wrote?

I would think there would be more of a score change in moving from 3% to 64% compared to moving from 64% to 100%, but who knows. The score change you referenced seems more in line with moving across the "almost paid off" threshold, so if it indeed came from 64% to 100% that is a bit surprising to me anyway.

3 years ago

Sat Nov 13, 2021 5:16 pm

Birdman

Primer AuthorCo-Founder

Birdman has been gardening for over 2 years.

Level30 Last INQWednesday, March 2, 2022 Gardening For2 years, 6 months, 14 days, 13 hours, and 33 minutes Next Level in15 days, 10 hours, and 27 minutes on October 2nd INQ 1yr onThursday, March 2, 2023 INQ 1yr reached1 year, 6 months, 14 days, 13 hours, and 33 minutes ago INQ 2yr onSaturday, March 2, 2024 INQ 2yr reached6 months, 14 days, 13 hours, and 33 minutes ago

@SoonerSoldier33 while it is true that many things are minimized on a dirty Scorecard, Utilization is not one of them. It is weighed more heavily there because you’re higher risk, IIRC. Second largest known threshold for loan Utilization is 65%, but there are some minor ones above that. Likewise I’d like to know what happened when you went from 3% to 64 as BBS asked.

3 years ago

Sat Nov 13, 2021 7:10 pm

SoonerSoldier33

Seasoned RebelTeam Cash Back

Level9 Last INQMonday, November 27, 2023 Gardening For9 months, 20 days, 13 hours, and 33 minutes Next Level in10 days, 10 hours, and 27 minutes on September 27th INQ 1yr onWednesday, November 27, 2024 INQ 1yr in2 months, 10 days, 10 hours, and 27 minutes INQ 2yr onThursday, November 27, 2025 INQ 2yr in1 year, 2 months, 10 days, 10 hours, and 27 minutes Goal24 months Goal DateThursday, November 27, 2025 Goal In1 year, 2 months, 10 days, 10 hours, and 27 minutes

@Birdman @BrutalBodyShots It's hard to isolate bc there was so much noise on my reports around the 1st, and MF is terrible about notifying you about score changes in real time, and often the 'reason' they give you for a score change isn't actually what caused the change. I got a large bump on EX (+17), and small increases on TU (+4) and EQ (+7) around the 1st. I'm assuming this was aging metrics (AoOA went to 10 years?).

Screenshot_20211113-175714_myFICO.jpg 187.67 KiB Viewed 94 times

Then, between the 2nd and 3rd, my Affinity Cash Rewards card and auto loan both reported across the CRAs. MF says the new accounts caused the EX 17 point gain, but I can't see how. It doesn't show that EQ lost points, but it did. TU so far has lost just 1 point. So, it doesn't appear that going from 4% to 64% utilization caused much movement, but it's impossible to tell for sure.

Screenshot_20211113-173506_myFICO.jpg 208.5 KiB Viewed 94 times

3 years ago

Sat Nov 13, 2021 7:44 pm

BrutalBodyShots

Senior AdministratorGoodwill Saturation Technique Author

BrutalBodyShots has been gardening for over 2 years.
BrutalBodyShots has achieved the Garden Goal !!

Level27 Last INQMonday, May 23, 2022 Gardening For2 years, 3 months, 24 days, 13 hours, and 33 minutes Next Level in6 days, 10 hours, and 27 minutes on September 23rd INQ 1yr onTuesday, May 23, 2023 INQ 1yr reached1 year, 3 months, 24 days, 13 hours, and 33 minutes ago INQ 2yr onThursday, May 23, 2024 INQ 2yr reached3 months, 24 days, 13 hours, and 33 minutes ago Goal24 months Goal DateThursday, May 23, 2024 Goal Achieved3 months, 24 days, 13 hours, and 33 minutes ago

Just a FYI, which you may already know from the other forum, but MF doesn't give reasons for score changes. It just provides you with alerts to changes on your CR, and those alerts are accompanied with a fresh score at the time.

Something like a [significant] change in aggregate installment loan utilization may not be an alertable event, but certainly can result in a relatively big score change. The unalertable event may go unnoticed as the result of the score change when it's surrounded by other alerts for CR changes.

3 years ago

Sun Nov 14, 2021 9:54 am

SoonerSoldier33

Seasoned RebelTeam Cash Back

Level9 Last INQMonday, November 27, 2023 Gardening For9 months, 20 days, 13 hours, and 33 minutes Next Level in10 days, 10 hours, and 27 minutes on September 27th INQ 1yr onWednesday, November 27, 2024 INQ 1yr in2 months, 10 days, 10 hours, and 27 minutes INQ 2yr onThursday, November 27, 2025 INQ 2yr in1 year, 2 months, 10 days, 10 hours, and 27 minutes Goal24 months Goal DateThursday, November 27, 2025 Goal In1 year, 2 months, 10 days, 10 hours, and 27 minutes

BrutalBodyShots wrote: ↑Sat Nov 13, 2021 7:44 pm Just a FYI, which you may already know from the other forum, but MF doesn't give reasons for score changes. It just provides you with alerts to changes on your CR, and those alerts are accompanied with a fresh score at the time. Something like a [significant] change in aggregate installment loan utilization may not be an alertable event, but certainly can result in a relatively big score change. The unalertable event may go unnoticed as the result of the score change when it's surrounded by other alerts for CR changes.

Yea, I understand, and I worded that wrong. It's hard to discern exactly when/why score changes occur on MF. I try to use Experian.com in conjunction with MF, but there is just going to be a lot of noise on my reports for a bit as I have new accounts posting, old accounts closing, and negatives being resolved. I'm trying to stay on top of what events are causing score loss/gain. I'm like you and @Birdman where I thought I would see a decrease going from 3% installment utilization to 64%, but, if I did, it was minimal. The biggest loss (on EX so far) occurred going from 64% to 100% best I can tell. I'll see if TU and EQ react similarly as the closed loan reports to them.

3 years ago

Sun Nov 14, 2021 5:33 pm

SoonerSoldier33

Seasoned RebelTeam Cash Back

Level9 Last INQMonday, November 27, 2023 Gardening For9 months, 20 days, 13 hours, and 33 minutes Next Level in10 days, 10 hours, and 27 minutes on September 27th INQ 1yr onWednesday, November 27, 2024 INQ 1yr in2 months, 10 days, 10 hours, and 27 minutes INQ 2yr onThursday, November 27, 2025 INQ 2yr in1 year, 2 months, 10 days, 10 hours, and 27 minutes Goal24 months Goal DateThursday, November 27, 2025 Goal In1 year, 2 months, 10 days, 10 hours, and 27 minutes

EQ followed suit today with the exact same 24 point score loss. My FAKO apps have alerted me that the account has reported closed to TU as well, so I'll report the result on TU when MF catches up.

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3 years ago

Sun Nov 14, 2021 10:58 pm

BrutalBodyShots

Senior AdministratorGoodwill Saturation Technique Author

BrutalBodyShots has been gardening for over 2 years.
BrutalBodyShots has achieved the Garden Goal !!

Level27 Last INQMonday, May 23, 2022 Gardening For2 years, 3 months, 24 days, 13 hours, and 33 minutes Next Level in6 days, 10 hours, and 27 minutes on September 23rd INQ 1yr onTuesday, May 23, 2023 INQ 1yr reached1 year, 3 months, 24 days, 13 hours, and 33 minutes ago INQ 2yr onThursday, May 23, 2024 INQ 2yr reached3 months, 24 days, 13 hours, and 33 minutes ago Goal24 months Goal DateThursday, May 23, 2024 Goal Achieved3 months, 24 days, 13 hours, and 33 minutes ago

I can't explain that one. It just goes against what we've come to learn about almost-paid-off aggregate installment loan utilization.

3 years ago

Tue Nov 16, 2021 12:49 pm

SoonerSoldier33

Seasoned RebelTeam Cash Back

Level9 Last INQMonday, November 27, 2023 Gardening For9 months, 20 days, 13 hours, and 33 minutes Next Level in10 days, 10 hours, and 27 minutes on September 27th INQ 1yr onWednesday, November 27, 2024 INQ 1yr in2 months, 10 days, 10 hours, and 27 minutes INQ 2yr onThursday, November 27, 2025 INQ 2yr in1 year, 2 months, 10 days, 10 hours, and 27 minutes Goal24 months Goal DateThursday, November 27, 2025 Goal In1 year, 2 months, 10 days, 10 hours, and 27 minutes

So, the last piece of the puzzle was my TU FICO 8 which updated yesterday with a 13 point drop. So, not as severe as EX and EQ, and more in line with what the score loss I thought I'd see. Looking forward to building them all back up now!

Screenshot_20211116-114637_myFICO.jpg 161.37 KiB Viewed 79 times

3 years ago

Wed Nov 17, 2021 12:27 am

Birdman

Primer AuthorCo-Founder

Birdman has been gardening for over 2 years.

Level30 Last INQWednesday, March 2, 2022 Gardening For2 years, 6 months, 14 days, 13 hours, and 33 minutes Next Level in15 days, 10 hours, and 27 minutes on October 2nd INQ 1yr onThursday, March 2, 2023 INQ 1yr reached1 year, 6 months, 14 days, 13 hours, and 33 minutes ago INQ 2yr onSaturday, March 2, 2024 INQ 2yr reached6 months, 14 days, 13 hours, and 33 minutes ago

Glad you reminded me, that’s right there was a lot of noise on the first datapoint so we cannot be sure. I believe the first Score change included the 10% threshold and I think the second one included the 65% and higher ones, along with the change in age metrics and other changes etc. Obviously they’re not discrete, so it’s hard to know how much to attribute to everything.

Please remind me to review the data points next month when I’m feeling better.