Saw this looking through my Alliant account but hadn't paid it any attention, had theorized paid liens and paid collections were discounted but there's not any mention of my 30/60 lates either from my old, closed BOFA tradeline.
1. The date that you opened your oldest account is too recent
2. Lack of sufficient credit history
3. Lack of sufficient relevant real estate account information
4. The total of all balances on your open accounts is too high
5. The number of inquiries was also a factor, but effect was not significant
Anyone else mind posting their factors if they can be found for reference? Mine looks suspiciously gold-plated other than the admittedly short credit history and was sitting at 768 according to Alliant from their March 2015 data.
@AndySoCal wrote:Here is a link to the FICO guide to score reasons.
http://www.scoreinfo.org/overview-of-fico-scores/fico-score-factors-guide/
Ah this is for Vantage Score, looking for comparisons from that to see if things like paid tax liens and paid collections and what not can be confirmed as not counting under VS 3.0.
My apologies for not being clear.
@Revelate wrote:
@AndySoCal wrote:Here is a link to the FICO guide to score reasons.
http://www.scoreinfo.org/overview-of-fico-scores/fico-score-factors-guide/
Ah this is for Vantage Score, looking for comparisons from that to see if things like paid tax liens and paid collections and what not can be confirmed as not counting under VS 3.0.
My apologies for not being clear.
Don't know about VS3 but I scored just over 900 in the older VS2 range with a paid tax lien, paid collections and thin file. FICOs were around 670 at the time.Lien was removed prior to VS3 so I have no experience with that.
Another reference point is that VS3 does apparently factor in whether a CC is secured or not. I saw that somewhere buried on the VS official site. Including secured status is not neccesarily a negative and it's possible it even helps. At the time both my CCs were secured with CLs of 10k and 25k so it might also be considering the CL size.
@cashnocredit wrote:
@Revelate wrote:
@AndySoCal wrote:Here is a link to the FICO guide to score reasons.
http://www.scoreinfo.org/overview-of-fico-scores/fico-score-factors-guide/
Ah this is for Vantage Score, looking for comparisons from that to see if things like paid tax liens and paid collections and what not can be confirmed as not counting under VS 3.0.
My apologies for not being clear.
Don't know about VS3 but I scored just over 900 in the older VS2 range with a paid tax lien, paid collections and thin file. FICOs were around 670 at the time.Lien was removed prior to VS3 so I have no experience with that.
Another reference point is that VS3 does apparently factor in whether a CC is secured or not. I saw that somewhere buried on the VS official site. Including secured status is not neccesarily a negative and it's possible it even helps. At the time both my CCs were secured with CLs of 10k and 25k so it might also be considering the CL size.
Now that's interesting. I got as close to confirmation as possible from FICO that the secured tag doesn't matter to them: they had it listed on their mobile app a while back, I raised it to the FICO folks here, they got it straightened out and removed from the app. I only have my old DCU secured left at 2K and I'm likely going to get rid of that somewhere between 2 and 14 months from now and I'm guessing it's not a substantial factor.
I haven't looked at the VS released literature, I just know there's a few people with Alliant loans here that can get the factors from their accounts too and maybe something interesting could come out of it. Appreciate the insight!