[Final update 12/11] Car loan & installment loan thresholds

[Thomas_Thumb]

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@SouthJamaica wrote:

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@oilcan12 wrote:

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Any idea why your TU 04 gained 14 points?

Not a clue

Is the same data currently being reported to each bureau?

1. An old public record which aged off of TU is still showing up on EQ and EX.

2. An Amex account which morphed into a Barclays account is still showing up as open on EX, while TU & EQ consider it closed.

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SJ - I saw differences in account data in the 3B report I pulled on 7/23. Didn't realize it until I looked at details for each CB. It ended up that EX listed balances on 3 of 6 cards instead of the 5 of 6 that EQ and TU showed. Also, EX had a lower aggregate balance across all CCs. Have you checked those details? - click on amount of debt tab to find details See below example

[SouthJamaica]

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@Thomas_Thumb wrote:

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@SouthJamaica wrote:

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@oilcan12 wrote:

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Any idea why your TU 04 gained 14 points?

Not a clue

Is the same data currently being reported to each bureau?

1. An old public record which aged off of TU is still showing up on EQ and EX.

2. An Amex account which morphed into a Barclays account is still showing up as open on EX, while TU & EQ consider it closed.

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 SJ - I saw differences in account data in the 3B report I pulled on 7/23. Didn't realize it until I looked at details for each CB. It ended up that EX listed balances on 3 of 6 cards instead of the 5 of 6 that EQ and TU showed. Also, EX had a lower aggregate balance across all CCs. Have you checked those details?

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I don't have the time; I have 19 to 20 open accounts

[Thomas_Thumb]

It's a quick check with current 3B reports (see above post for info).

Unfortunately I was unable to update my prior post with the quick check method before you responded.

[SouthJamaica]

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@Thomas_Thumb wrote:

It's a quick check with current 3B reports (see above post for info).

Unfortunately I was unable to update my prior post with the quick check method before you responded.

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All balances are the same, except that TU is showing a 1202 balance on one account while the others are showing a 648 balance.

[JLK93]

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@Thomas_Thumb wrote:

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@SouthJamaica wrote:

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@oilcan12 wrote:

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Any idea why your TU 04 gained 14 points?

Not a clue

Is the same data currently being reported to each bureau?

1. An old public record which aged off of TU is still showing up on EQ and EX.

2. An Amex account which morphed into a Barclays account is still showing up as open on EX, while TU & EQ consider it closed.

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SJ - I saw differences in account data in the 3B report I pulled on 7/23. Didn't realize it until I looked at details for each CB. It ended up that EX listed balances on 3 of 6 cards instead of the 5 of 6 that EQ and TU showed. Also, EX had a lower aggregate balance across all CCs. Have you checked those details? - click on amount of debt tab to find details See below example

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How do you get to this screen shot from a 3B report.

[SouthJamaica]

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@oilcan12 wrote:

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@Thomas_Thumb wrote:

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@SouthJamaica wrote:

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@oilcan12 wrote:

---

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Any idea why your TU 04 gained 14 points?

Not a clue

Is the same data currently being reported to each bureau?

1. An old public record which aged off of TU is still showing up on EQ and EX.

2. An Amex account which morphed into a Barclays account is still showing up as open on EX, while TU & EQ consider it closed.

---

SJ - I saw differences in account data in the 3B report I pulled on 7/23. Didn't realize it until I looked at details for each CB. It ended up that EX listed balances on 3 of 6 cards instead of the 5 of 6 that EQ and TU showed. Also, EX had a lower aggregate balance across all CCs. Have you checked those details? - click on amount of debt tab to find details See below example

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How do you get to this screen shot from a 3B report.

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You can't get to that from the report, you go to it from the site. I didn't know TT was talking about that, yes I'm always looking at that but it just gives the totals.

Yes as mentioned in my case there was a difference in balances, but the one that had the highest balances was TU, the one that's treating me kindest

[Thomas_Thumb]

SJ - Sorry about the confusion on navigating to get this informatiom.

I had to purchase a 3B report - but this summary is not part of the report. It is found in the scores tab. See past below. Also, I cropped 3 screen shots and put them together into a single image for the above.

[JLK93]

Thanks TT.

[JLK93]

SJ's data doesn't seem to support an upper FICO scoring threshold for an aggregate of installment and auto loans. At least not without grasping at straws.

My own data shows that there is no upper break point for SSLs. My own data, along with my observations of other posters data, suggests that there is only one scoring threshold for SSLs. That is <10%. I don't see any evidence to support thresholds of 80%, 70%, 9% or 8%

Do we even know that auto loans have an upper break point for FICO 8?

There are currently 0 data points to support an upper scoring threshold for SSLs. There has now been over a year to accumulate that 1 data point. It seemingly doesn't exist.

There was 1 (arguably weak) data point, based on Captool's data, to support an upper break point for an aggregate of SSLs and Lending Club type loans. Who knows how FICO scores those type of loans? I'm not sure it is even worth the effort to make that determination.

Thank you SJ for your efforts in presenting your data. Your efforts are greatly appreciated.

[JLK93]

TT,

Doesn't the number of accounts with balances, on your Myfico screenshots, include your mortgage? Myfico has always included my installment loan in the number of accounts with balances.

It will be very easy to verify if you have a CreditKarma, Wallethub or savvymoney pull from the same day.

You could also go to the accounts page of the 3B report and count the balances. Since, you only have 6 cards it wouldn't take very long. In my case, it is absurdly time consuming. 

So, wouldn't that mean that your had 4 cards with balances on TU and EQ and 2 cards with balances on EX.