Greetings All,
Just wondering if anyone else has noticed some odd score swings within Experian FICO 2 Mortgage model. I subscribe to the Ultimate product and track all my scores monthly. Short story is that my reports have been basically unchanged for a couple of years now as I wait out the clock on my rebuild. Every month, I only allow one revolving account to show a balance and that balance is usually between $10 and $25 (on a credit line of about $36K on this one account). All other accounts have remained constant. As a result, while I wait out the clock, my scores have remained very constant, other than tiny increases from time to time, I assume because of my baddies are getting older. The exception is Experian FICO 2 Mortgage. It has gone back and forth - either 718 or 730. For a month or two it may be 730, then it goes to 718 for a couple of months, then back to 730. It is always 718 or 730, nothing else.
For the life of me, I cannot see what is different at all on the report, other than maybe the very small balance that I allow to show on the one revolving account.
Has anyone else noticed off score changes within the Experian FICO 2 Mortgage Model? I normally would not care, however if I am not mistaken this is one of the scoring models used by many mortgage lenders. In about 6 to 8 months all my reports should be completely clean, so probably no issue then, but in the meantime it has me perplexed.
Thank you!
Year 2012: All Scores in the 520 range, during a foreclosure, CC Settlement and high UTIL. Very ugly days...
April 2024: EX8: 839; EQ8: 845; TU8: 842 -- Middle Mortgage Score: 822
In My Wallet: Discover $73.7K; Cap1 Venture $51.7K; Amex ED $38K; Amex Optima $2.5K; Amex Delta Gold $18K; Citi Costco $24.5K; Cap1 Plat $8.4K; Barclay $7K; Chase Amazon $6K; BoA Plat $21.6K; Citi TY Pref $22K; US Bank $4K; Dell $5K; Care Credit $6.5K. Total Revolving CL: $300K+
My UTIL: Less than 1% - Only allow about $20 a month to report, on one account. .
