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Forum » Quick FICO question
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Thread: Quick FICO question

post 1689441133 09-03-2023, 08:34 AM
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#1
  1. IonZephyr
  2. Anacrime Miscer
  1. IonZephyr
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Quick FICO question

Hello misc

Last month I had a single balance reported of $122 (total credit line is 90,500 fwiw)

This month I have $0 balance across all my credit cards reported... yet my score dropped 25 points.

Experian score dropped from 823 to 798. Would have thought a zero balance reported would be a good thing, not a bad thing...

Any input on this?
post 1689441393 09-03-2023, 08:37 AM
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#2
  1. BrooksKoepka
  1. BrooksKoepka
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30% ideal
post 1689472473 09-03-2023, 04:49 PM
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#3
  1. IonZephyr
  2. Anacrime Miscer
  1. IonZephyr
  2. Anacrime Miscer
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So reporting $0 across the board is a bad thing?

Surprised to see the drastic score drop
post 1689472513 09-03-2023, 04:50 PM
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#4
  1. BrooksKoepka
  1. BrooksKoepka
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Yeah. It’s not good. I’ve heard friends comment as such.
post 1689472713 09-03-2023, 04:53 PM
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#5
  1. WWWWWWWQWWWWWWW
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  1. WWWWWWWQWWWWWWW
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Guessing there's some sort of risk assigned to having so much credit available at once and using none of it.

Check to see if any accounts have auto-closed though, that could explain a change like this
trt crew

200+g protein every day crew

manual tranny crew
post 1689474263 09-03-2023, 05:20 PM
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#6
  1. Destor
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  1. Destor
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Originally Posted By WWWWWWWQWWWWWWW⏩
Guessing there's some sort of risk assigned to having so much credit available at once and using none of it.

Check to see if any accounts have auto-closed though, that could explain a change like this
It’s because having an account with zero balance does not indicate your risk if you were to have a balance, having an account with a balance and keeping up with payments does suggest something about your risk.

These are fine details tho, it’s not gonna make a difference if you were to actually apply for more credit
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