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Least no. of accts w/bal and rec neg reason code?

tag
NRB525
Super Contributor

Re: Least no. of accts w/bal and rec neg reason code?

TT, there are two possibilities here:

1) Your credit file is in a shambles, is a complete mess.

2) FICO Reason Codes are drawn from a Magic 8 Ball until perfected, and thus cannot be managed, should not be worried about once one reaches 800.

 

Who thinks #2 ?

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765
Message 31 of 34
Thomas_Thumb
Senior Contributor

Re: Least no. of accts w/bal and rec neg reason code?

NRB525, I figured it out - I'm being scammed by the CRAs! Smiley Surprised

 

The CRAs keep dropping off older payment records on my open accounts. Only the latest 7 years of payment info shows on each account. Prior history - gone. Now I see how they can get away with "short credit history" and "you have not established a long credit history". Smiley Frustrated Without the associated payment history the value of old accounts is diminished.

Fico 9: .......EQ 850 TU 850 EX 850
Fico 8: .......EQ 850 TU 850 EX 850
Fico 4 .....:. EQ 809 TU 823 EX 830 EX Fico 98: 842
Fico 8 BC:. EQ 892 TU 900 EX 900
Fico 8 AU:. EQ 887 TU 897 EX 899
Fico 4 BC:. EQ 826 TU 858, EX Fico 98 BC: 870
Fico 4 AU:. EQ 831 TU 872, EX Fico 98 AU: 861
VS 3.0:...... EQ 835 TU 835 EX 835
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950
Message 32 of 34
NRB525
Super Contributor

Re: Least no. of accts w/bal and rec neg reason code?

Which banks are your accounts with? Seems odd one persons file or certain files are handled differently than others. 

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765
Message 33 of 34
Thomas_Thumb
Senior Contributor

Re: Least no. of accts w/bal and rec neg reason code?

NRB525 - I'm sure my accounts are handled no differently than anyone else's. My above post was a bit in jest - no real epiphany nor shock nor frustration on my part. 

 

The drop in credit history I was referring to is payment information displayed on CRA reports. Pasted below are examples of what I see on a CRA report. On CRA reports - payment history on the reports is truncated nominally at 6 to 7 years. Thus, the above jest. 

 

Dates for each account opening are listed correctly so AAoA and AoOA are undoubtedly calculated correctly by Fico. I took the opportunity to play on the truncation as a justification for getting the "short credit history" reason statement although AoOA is 34 years, AAoA is 18 years and AoYA is 6 years.

 

I realize it would be impractical to list monthly details on all accounts back to time account was opened. 

card reporting data TU.jpg

card use reporting EXP.jpg

 

Fico 9: .......EQ 850 TU 850 EX 850
Fico 8: .......EQ 850 TU 850 EX 850
Fico 4 .....:. EQ 809 TU 823 EX 830 EX Fico 98: 842
Fico 8 BC:. EQ 892 TU 900 EX 900
Fico 8 AU:. EQ 887 TU 897 EX 899
Fico 4 BC:. EQ 826 TU 858, EX Fico 98 BC: 870
Fico 4 AU:. EQ 831 TU 872, EX Fico 98 AU: 861
VS 3.0:...... EQ 835 TU 835 EX 835
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950
Message 34 of 34
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