topic Re: Is Experian less sensitive to new TL in Understanding FICO® Scoring

Is Experian less sensitive to new TL

Kidcat — Sun, 11 Oct 2015 17:01:29 GMT

In recent months I have opened 4 new CC and 1 new auto loan. I have also closed some CC that I no longer used, and the old auto loan closed. Utility is reporting at 11% currently because I purposely wanted balances to post on the new cards.

Equifax has lost around 14 points total, between inquiries and new accounts reporting. Experian on the other hand has lost only 1 point with all the movement.

Transunion is a little slow so all of the new accounts haven't reported there. But with 2 of the new CC reporting Transunion has not budged either.

Additionally the lions share the the inquiries were on Experian...all the more reason I find it interested that there is such a lack of movement.

Scores are from CCT and Myfico. Only baddie is BK which will fall off this upcoming March/April.

Anyone else experience this? The CCT scores are daily, so any movement should be detected right?

Re: Is Experian less sensitive to new TL

Revelate — Mon, 12 Oct 2015 17:05:43 GMT

@Sladyesq wrote:
In recent months I have opened 4 new CC and 1 new auto loan. I have also closed some CC that I no longer used, and the old auto loan closed. Utility is reporting at 11% currently because I purposely wanted balances to post on the new cards.

Equifax has lost around 14 points total, between inquiries and new accounts reporting. Experian on the other hand has lost only 1 point with all the movement.

Transunion is a little slow so all of the new accounts haven't reported there. But with 2 of the new CC reporting Transunion has not budged either.

Additionally the lions share the the inquiries were on Experian...all the more reason I find it interested that there is such a lack of movement.

Scores are from CCT and Myfico. Only baddie is BK which will fall off this upcoming March/April.

Anyone else experience this? The CCT scores are daily, so any movement should be detected right?

I don't know what triggers CCT scores but presumably that's a reasonable assumption from what I've read here.

Inquiries: depends how many you had on there already, it isn't a linear penalty, diminishing returns like most other things in the algorithm and after a while additional ones stop counting altogether.

Tradelines: I've never taken a ding for a new tradeline (assuming it reported $0 on a revolver or was an installment tradeline that didn't screw with my installment utilization on FICO 8) unless I had a measurable change in AAOA. Took a drop in both of my last two sprees when I went from 2->1 years and 3->2 years respectively. I never saw any change, ever, on any model that I've regularly tracked when my AAOA was less than 2 years.

Re: Is Experian less sensitive to new TL

Kidcat — Tue, 13 Oct 2015 00:37:02 GMT

Hmmm. I have a lot of TL (40+ but not all open) so it doesn't look like my AAOA went from one band to another. Oldest account 14yr 11mos AAOA 3 years. So it was 3.something before this new wave of accounts. I believe the next band is 4 years. So maybe thats why.

My inquiries on EX =27 7 auto or mortgage, 3 of those this year then 12 other inquiries this year, including 1 to open CU checking account. So maybe those stopped having a significant impact too.

Well maybe it has stabilized until the last baddie falls off and/or AAOA gets over 4 years. Thanks

Re: Is Experian less sensitive to new TL

Revelate — Tue, 13 Oct 2015 02:24:15 GMT

@Sladyesq wrote:
Hmmm. I have a lot of TL (40+ but not all open) so it doesn't look like my AAOA went from one band to another. Oldest account 14yr 11mos AAOA 3 years. So it was 3.something before this new wave of accounts. I believe the next band is 4 years. So maybe thats why.

My inquiries on EX =27 7 auto or mortgage, 3 of those this year then 12 other inquiries this year, including 1 to open CU checking account. So maybe those stopped having a significant impact too.

Well maybe it has stabilized until the last baddie falls off and/or AAOA gets over 4 years. Thanks

Pretty much. I think the inquiry count to irrelevance is somewhere around 10, maybe even as low as 8, so with your being at roughly 14ish scoreable inquiries, you're above that line.

Score trend graphs get awfully flat when we're talking dirty buckets after we've finished establishing a decent number of tradelines; I'm expecting to get 6ish points when I cross 3 years AAOA again, and I might get a few points in the margin as my tax lien goes over an anniversary, and maybe when my oldest tradeline goes over 8 years in May of next year, those are the only things I expect to get though I'll get another 6-10 points once my inquiries are out of scoreable range, maybe.

I went from 708 to 711 with another year of perfect payment history on TU 8, basically until I get clean I don't think I'm going to get back to sniffing the 740 I was prior to starting the mortgage process and subsequent app spree after closing.

I know it's a long slog, and I've made it nearly 4 years, but darned if I'm not getting antsy with another 2 years to go .

Re: Is Experian less sensitive to new TL

Kidcat — Tue, 13 Oct 2015 03:17:22 GMT

Thanks for your input. I'm getting super antsy with 6-7 months to go. It feels like it's really going to be slow going between now and then. More incentive to garden. I want my reports to stabilize so I can see "full" impact of BK falling off. I sure hope it's not anticlimactic lol