I'm going to start paying down my revolving debt shortly - it's currently at about 95% usage. Does anybody know at what usage levels I should expect to see improvement in my scores? Do all of the CRAs weight credit usage the same - I thought that I read somewhere that EX weighs it heavier than the others.
Not sure about your second question. The scoring resons from what I read say that around 36% is the national average. I have had this show as a negative reason on my scores...when my utilization was only 34%. When my utilizatio was 26%, it came up as a positive factor. Also, EXP seems to weigh EVERYTHING more heavily. I get the biggest point drops with their inquiries and anything else. From what Ive read, eq has the most accurate fico score model when it comes to a true fico.
I've read a couple of comments about the accuracy of the EX score. Do lenders see a different score from EX? If they don't, does it really matter how it matches up with EQ's "real" FICO score since lenders will use it anyway? I'm new so pardon my ignorance if these are stupid questions (I'd still like the answers though).
I think they see something different...either that, or 1 inq gave me a major hit. I asked a lender who pulled my exp what my score was...it was 38 points lower according to the lender, which is weird becasue I have NO derogs on exp. I may be wrong in this assumption, though, so don't quote me, lol. No stupid questions...only stupid ca's, lol.
