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Registered: ‎12-30-2011
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Re: FICO EXPERTS: Place your wagers here.............

[ Edited ]

Involver wrote:

Two years is too soon.  Expect some incremental relief beginning at four.


Depends on model, FICO '08 might be at 3 years, or shorter possibly.  The score disparity from my state tax lien with a new tax lien added was something like 50 points when my EQ '04 barely even moved, 5-6 points.

 

ETA: it could well be sooner, my state lien was 12/10, and I was sitting at EX '08 of 718 vs. 660 EQ '04 on 7/4/13.  EX has an additional fed tax lien on it compared to EQ so the report is unquestionably worse.

 

Starting Score: EQ 04 561, TU 98 567, EX 98 599 (12/30/11)
Current Score: EQ 04 700, TU 04 731, EX 98 725 (05/24/15)
Goal Score: 700 on EQ 04 (01/01/16)


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Posts: 1,694
Registered: ‎07-16-2013
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Re: FICO EXPERTS: Place your wagers here.............


Revelate wrote:

Involver wrote:

Two years is too soon.  Expect some incremental relief beginning at four.


Depends on model, FICO '08 might be at 3 years, or shorter possibly.  The score disparity from my state tax lien with a new tax lien added was something like 50 points when my EQ '04 barely even moved, 5-6 points.

 

ETA: it could well be sooner, my state lien was 12/10, and I was sitting at EX '08 of 718 vs. 660 EQ '04 on 7/4/13.  EX has an additional fed tax lien on it compared to EQ so the report is unquestionably worse.

 


All valid points.  I didn't delve into the specific scoring models for the sake of brevity.

 

From my personal experience (student loan TLs were a major derog) I suffered severely for the first four years (minor increases), and then began to saw some increases in scoring.  

 

I am now at 6.5+ and did just pick up a pretty interesting data point for my profile.  On EQ my TL open date lists as "N/A" whereas it is correct on EX and TU.  Consequently my AAoA on EQ is quite a bit lower as this account is over 9 years old.  I disputed the open date through EQ and my file updated to list my most recent late as a 120 2 months ago vs 6 years and my score dropped 44 points.  So, that's pretty much exacly how much I gained in 5 yrs, 8 months.  

 

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