topic Re: Discover FICO 8 Transunion Shocking Score! in Understanding FICO® Scoring

Discover FICO 8 Transunion Shocking Score!

CA4Closure — Mon, 12 Oct 2020 17:33:12 GMT

Traditionally Transunion has always been the lowest of my FICO scores. The highest I ever acheived with Transunion FICO 8 was 819. This month it rose to 829! Typically, Transunion FICO 8 is around 815 and not a blip for 18 consecutive months even though my utilization is <1%! This is the highest jump ever in my 5 years with Discover! I always had -2 or +2 score movements.

Equifax and Experian, my FICO scores are in the 840-849 areas.

Re: Discover FICO 8 Transunion Shocking Score!

AllZero — Mon, 12 Oct 2020 17:45:22 GMT

Congratulations on your score increase. You are getting closer to 850s.

Re: Discover FICO 8 Transunion Shocking Score!

M_Smart007 — Mon, 12 Oct 2020 19:17:21 GMT

@CA4Closure, Congrats on the nice work ... Great score's!!!

Re: Discover FICO 8 Transunion Shocking Score!

OmarGB9 — Tue, 13 Oct 2020 07:24:31 GMT

Congrats on the jump!

Re: Discover FICO 8 Transunion Shocking Score!

Anonymous — Tue, 13 Oct 2020 20:49:52 GMT

@CA4Closure wrote:
This month it rose to 829!

Do you know why?

My guess would be something age of accounts related. The question is what were your age of accounts factors at the end of September and what did they become on October 1? Perhaps with that data we can determine if a potential threshold was crossed. You didn't happen to last open an account in October 2019 did you?

Also, did you have any inquiries reach 365 days of age?

Re: Discover FICO 8 Transunion Shocking Score!

Remedios — Wed, 14 Oct 2020 13:21:39 GMT

@Anonymous Bingo!

Re: Discover FICO 8 Transunion Shocking Score!

CA4Closure — Fri, 16 Oct 2020 04:49:39 GMT

@Anonymous wrote:
@CA4Closure wrote:
This month it rose to 829!
Do you know why?

My guess would be something age of accounts related. The question is what were your age of accounts factors at the end of September and what did they become on October 1? Perhaps with that data we can determine if a potential threshold was crossed. You didn't happen to last open an account in October 2019 did you?

Also, did you have any inquiries reach 365 days of age?

Yes, I had one inquiry fall off. Good observation! My oldest account was Capital One which I closed two months ago at 19 years 11 months. Yes, that affected my AAoA to 10.1 years instead of 19 years 11 months.

Re: Discover FICO 8 Transunion Shocking Score!

Anonymous — Fri, 16 Oct 2020 23:33:38 GMT

Closing that account has no effect on your age metrics unless the tradeline was removed completely from your reports. If it's there and just reporting closed, it still factors in and you maintain that AoOA.

Re: Discover FICO 8 Transunion Shocking Score!

CA4Closure — Fri, 13 Nov 2020 04:19:36 GMT

I recently closed a 20 year old Capital One credit card. This is the card that had a monthly fee of $5 and no rewards. It was stuck at $6,500 credit line and I never used it. I kept te Quicksilver card because it had no AF and has rewards.

Just two recorded inquiries by Vantage 2.0 in the last 2 years.

@Anonymous wrote:
@CA4Closure wrote:
This month it rose to 829!
Do you know why?

My guess would be something age of accounts related. The question is what were your age of accounts factors at the end of September and what did they become on October 1? Perhaps with that data we can determine if a potential threshold was crossed. You didn't happen to last open an account in October 2019 did you?

Also, did you have any inquiries reach 365 days of age?

Re: Discover FICO 8 Transunion Shocking Score!

Anonymous — Fri, 13 Nov 2020 06:44:27 GMT

While it's too late now, perhaps a lesson learned here for the OP or anyone else that comes across this thread. While closing ones oldest [20 year old] account today has no real Fico score bearing, when that account falls off it will mean an AoOA/AAoA drop. Whether or not they are significant is profile-dependent.

OP, I understand that you were paying a AF on the card and that your limit was stagnant. In the case of the AF often one can PC to a different/non-AF product with a phone call when you're talking a major bank card.

Re: Discover FICO 8 Transunion Shocking Score!

CA4Closure — Mon, 16 Nov 2020 19:55:07 GMT

@Anonymous wrote:
While it's too late now, perhaps a lesson learned here for the OP or anyone else that comes across this thread. While closing ones oldest [20 year old] account today has no real Fico score bearing, when that account falls off it will mean an AoOA/AAoA drop. Whether or not they are significant is profile-dependent.

OP, I understand that you were paying a AF on the card and that your limit was stagnant. In the case of the AF often one can PC to a different/non-AF product with a phone call when you're talking a major bank card.

I tried numerous times. That Platinum Mastercard was not upgradeable. Nor would they eliminate that $5 monthly fee. My Quicksilver is upgradeable to Venture. But I did not want the annual fee. Additionally, the Platinum had no rewards so there was no justification to use it. It did have a 9.9% APR but that was the only positive about that card!

Capital One also reported the closing of this account by Creditor. I told them to mark it as closed by customer. I disputed this with all three credit bureaus and it was changed to closed by the customer.