topic Re: For what it's worth - EX may have an odd (or known by others) threshold for installment loans in Understanding FICO® Scoring

For what it's worth - EX may have an odd (or known by others) threshold for installment loans

Trudy — Thu, 10 Dec 2020 02:57:09 GMT

Nothing reports between the 9th and 23rd.

I paid off my auto loan mid October. I lost points on all bureaus for several score models. Note that since mid - November which has now reported and after auto payoff I opened a new revolving account 11/15, reported 11/29 (took the hit for INQ on TU only). Lost more points, mainly and clearly on 8's and 5,4,2's once new account and balance reported. But what is interesting is that although I lost points paying off my auto and opening a new account it seems moving from 73.16% UTL on my MTG to 71.28% caused a 4 pt increase on all of my 8's today. The only change is reporting a balance of 2 revolvers instead of my usual 1 which may hurt and never helps (understanding retail vs bankcard). But that happened 5 days before my MTG balance update reported which is the last to report for my cycle. My MTG activity is isolate and the last to update by at least 3 - 5 days depending on bureaus. Note that I have an EX subscription with daily updates. I can find no other reason for this change.

I'm open to thoughts regarding other possibilities?

Re: For what it's worth - EX may have an odd (or known by others) threshold for installment loans

Anonymous — Thu, 10 Dec 2020 04:41:21 GMT

How about a minor AAoA drop across a threshold when the new account reported in late November, which then crossed back over when it aged 1 month in December?

Re: For what it's worth - EX may have an odd (or known by others) threshold for installment loans

Trudy — Thu, 10 Dec 2020 05:16:16 GMT

My AAoA went from 12y3m to 11y7m. From what I've gathered here this range for AAoA is beyond impacting my score. Maybe not?

Another thing I noticed is that my new revolving account 9/2019 which reset my AoYA from 1y to 0, and had an EX8 - 850 before and as a result dropped to 843 to 845 om onths later until that acct aged to 1yr, back to 850. EQ and TU returned to 850 within 3 - 6 months ( lost 1 pt with EQ and more with TU). Buffers probably. Although I don't give much if any stock to simulators, EX's simulator would not return me to 850 until I reach 1 year, and that's what happened. My AGG installment was lower (60%) during this time as I'd been milking my auto loan before payoff for a year. My sig shows my age of accounts and I seldom carry balances on, let alone significant balance on more than 1 or 2 cards and haven't carried high or known changing threshold balances that I couldn't account for and didn't question. I guess it's possible I changed score cards? because now a month later from a new account I'm back to 848 within a month. Just thought I'd throw that in there for more feedback..

Re: For what it's worth - EX may have an odd (or known by others) threshold for installment loans

Anonymous — Thu, 17 Dec 2020 09:22:39 GMT

@Trudy wrote:
Nothing reports between the 9th and 23rd.

I paid off my auto loan mid October. I lost points on all bureaus for several score models. Note that since mid - November which has now reported and after auto payoff I opened a new revolving account 11/15, reported 11/29 (took the hit for INQ on TU only). Lost more points, mainly and clearly on 8's and 5,4,2's once new account and balance reported. But what is interesting is that although I lost points paying off my auto and opening a new account it seems moving from 73.16% UTL on my MTG to 71.28% caused a 4 pt increase on all of my 8's today. The only change is reporting a balance of 2 revolvers instead of my usual 1 which may hurt and never helps (understanding retail vs bankcard). But that happened 5 days before my MTG balance update reported which is the last to report for my cycle. My MTG activity is isolate and the last to update by at least 3 - 5 days depending on bureaus. Note that I have an EX subscription with daily updates. I can find no other reason for this change.

I'm open to thoughts regarding other possibilities?

@Trudy balances. Dollar amount paid off from original amount borrowed, or potentially total balance still owed on mortgage?