topic FICO 2 mortgage score nonchalant? in Understanding FICO® Scoring

FICO 2 mortgage score nonchalant?

SouthJamaica — Wed, 26 Dec 2018 22:33:36 GMT

I was expecting a big shift in my EX scores with a large increase in one of my revolving balances, increasing from 0 to 26%, increasing rounded overall utilization from 6% to 9%, and increasing number of accounts with balances from 11 to 12.

And it happened in FICO 8, Auto 8, and Bankcard 8, but not in FICO 2:

FICO 8 -7

Auto 8 -9

Bankcard 8 -7

FICO 2 +-0

Update 12/26/18 5:30 PM

It appears that the effect on TU & EQ FICO 8's was:

EQ FICO 8 -4

TU FICO 8 -6

Unfortunately I have no way of knowing the effect, if any, on the corresponding mortgage scores without paying a bunch of money.

Re: FICO 2 mortgage score nonchalant?

Revelate — Wed, 26 Dec 2018 16:47:31 GMT

I never got those swings even in FICO 8 when I was explicitly testing on a dirty scorecard: will see when my 56% balance gets whacked in two weeks when Chase reports again (apparently I didn't reach $0 long enough heh) and check if anything moves.

I do know that the various models do have different breakpoints, just a matter to tease them out now that we have better access to the information from some of the other models, specifically Experian.

Re: FICO 2 mortgage score nonchalant?

Revelate — Wed, 26 Dec 2018 16:51:22 GMT

Actually just found something interesting looking at the data.

Had an auto inquiry on 11/23; appears to be counting against me finally on 12/23. 0->1 inquiries on EX.

FICO 8 and associated industry options didn't budge.

FICO 2/3 and industry options all dropped ~10 points. I don't think the grace period extended in FICO 8 which suggests 0-1 binned together on EX FICO 8 and not on the earlier models.

Hooray for better data access!