topic Re: AoYA threshold question in Understanding FICO® Scoring

AoYA threshold question

UpAndComing74 — Sun, 07 Mar 2021 21:08:56 GMT

I have some anticipated improvement coming to my Mortgage Scores.. I have 4 accounts that are opened less than a year according to todays myfico pull. 1 in March 2020 One in June 2020 and 2 in July 2020. I felt the March one should be gone by now. It was opened March 19, 2020. Does it go away on the date of opening or on the month change? See below. I felt it should change at start of month.

Thanks,

Jeff

Re: AoYA threshold question

Anonymous — Sun, 07 Mar 2021 21:15:51 GMT

I hate to tell you, but for the mortgage Scores, the threshold for scorecard reassignment is greater than a year. Data points indicate the EX2 may be 17 months and we're not sure about the other two.

As for the interface telling you how many recent accounts you've opened within the last year, that's exactly what it's telling you and it has no bearing on segmentation in mortgage scores.

as for when the interface updates I'm not sure, likely when you pull your next 3B.

Re: AoYA threshold question

Anonymous — Sun, 07 Mar 2021 21:24:27 GMT

Oh and accounts age on the first of the month, so any points realized from aging would be on the first of the month.

Re: AoYA threshold question

Anonymous — Sun, 07 Mar 2021 21:29:29 GMT

Another thing I just noticed is you have delinquencies. If you have a 60 day late or worse within the last 2 years, then you'll be in a dirty Scorecard on the mortgage scores anyway and would not experience new account reassignment. (If you have an unpaid chargeoff that is regularly updating, that will also keep you in a dirty card for other readers.)

if you do not have a 60 day late or worse within the last 2 years nor an unpaid chargeoff updating, then you would be in a clean card on the mortgage Scores and Would experience new account reassignment at the appropriate Threshold.

Re: AoYA threshold question

UpAndComing74 — Sun, 07 Mar 2021 23:28:10 GMT

@Anonymous wrote:
I hate to tell you, but for the mortgage Scores, the threshold for scorecard reassignment is greater than a year. Data points indicate the EX2 may be 17 months and we're not sure about the other two.

As for the interface telling you how many recent accounts you've opened within the last year, that's exactly what it's telling you and it has no bearing on segmentation in mortgage scores.

as for when the interface updates I'm not sure, likely when you pull your next 3B.

THanks, 17 months eh? Okay good to know not to get expectations up and that by June I shall be at 700 then. Goal was 720 hoping that accounts would age a year. I do have a company working on the 2 accounts with lates that I have. Maybe if they can get those removed then I can get a bump.

Re: AoYA threshold question

UpAndComing74 — Sun, 07 Mar 2021 23:30:37 GMT

@Anonymous wrote:
Another thing I just noticed is you have delinquencies. If you have a 60 day late or worse within the last 2 years, then you'll be in a dirty Scorecard on the mortgage scores anyway and would not experience new account reassignment. (If you have an unpaid chargeoff that is regularly updating, that will also keep you in a dirty card for other readers.)

if you do not have a 60 day late or worse within the last 2 years nor an unpaid chargeoff updating, then you would be in a clean card on the mortgage Scores and Would experience new account reassignment at the appropriate Threshold.

Interesting. Is this of concern then.I have no 60 da lates within 2 years. My 60 day is 3 years ago. But the Current status still reports as 60 Days late. THink this is currently reporting late?

Re: AoYA threshold question

Anonymous — Mon, 08 Mar 2021 02:07:58 GMT

@UpAndComing74 wrote:
@Anonymous wrote:
Another thing I just noticed is you have delinquencies. If you have a 60 day late or worse within the last 2 years, then you'll be in a dirty Scorecard on the mortgage scores anyway and would not experience new account reassignment. (If you have an unpaid chargeoff that is regularly updating, that will also keep you in a dirty card for other readers.)

if you do not have a 60 day late or worse within the last 2 years nor an unpaid chargeoff updating, then you would be in a clean card on the mortgage Scores and Would experience new account reassignment at the appropriate Threshold.
Interesting. Is this of concern then.I have no 60 da lates within 2 years. My 60 day is 3 years ago. But the Current status still reports as 60 Days late. THink this is currently reporting late?

@UpAndComing74 it's over two years, you're good on that aspect. Yeah it would definitely be better if you can get them removed because you will remain in a dirty card for seven years on 8/9 but on the mortgage Scores you returned to a clean card January 2020 I believe. Yeah the new account segmentation is 17 months or more on the mortgage Scores.

and Im sad to hear that you're paying somebody to do that when you could've done it yourself with our help as well as they could've, I guarantee you!

Re: AoYA threshold question

Anonymous — Mon, 08 Mar 2021 02:26:18 GMT

@UpAndComing74 by the way that 'current status' is actually showing the highest level of delinquency the account ever had.

also I may have overshot your question to begin with. You may or may not see gains for 12 months AoYA, but it will not be from scorecard reassignment relating to AoYA on the mortgage scores, if you do.

whether or not I understood your initial question correctly, I thought you were asking if you would receive points for going to a no new account scorecard on the mortgage Scores, so if that was your question, I answered appropriately.

If you were just wondering about regular AoYA Thresholds, then I just answered above: you may or may not see gains related to it. We haven't really nailed it down, but it seems like it may be tied to young/thin profiles, not really sure.

Re: AoYA threshold question

UpAndComing74 — Mon, 08 Mar 2021 04:17:38 GMT

@Anonymous wrote:
@UpAndComing74 wrote:
@Anonymous wrote:
Another thing I just noticed is you have delinquencies. If you have a 60 day late or worse within the last 2 years, then you'll be in a dirty Scorecard on the mortgage scores anyway and would not experience new account reassignment. (If you have an unpaid chargeoff that is regularly updating, that will also keep you in a dirty card for other readers.)

if you do not have a 60 day late or worse within the last 2 years nor an unpaid chargeoff updating, then you would be in a clean card on the mortgage Scores and Would experience new account reassignment at the appropriate Threshold.
Interesting. Is this of concern then.I have no 60 da lates within 2 years. My 60 day is 3 years ago. But the Current status still reports as 60 Days late. THink this is currently reporting late?

@UpAndComing74 it's over two years, you're good on that aspect. Yeah it would definitely be better if you can get them removed because you will remain in a dirty card for seven years on 8/9 but on the mortgage Scores you returned to a clean card January 2020 I believe. Yeah the new account segmentation is 17 months or more on the mortgage Scores.

and Im sad to hear that you're paying somebody to do that when you could've done it yourself with our help as well as they could've, I guarantee you!

Ah man!!! Dont tell me that! lol.. I have been trying since August to remove 1 30 day late from 01/2020 and 1 account wit the d60 day late. Im that close to the best position for a mid 720 for the best rate. It goes 660-719 then 720+. I have tried everything I could think of. in a panic I almost hired a hacker.. but the English was broken and it was FB so didnt trust it.. I settled for a "repair" company my mortgage lender reccommended!

Re: AoYA threshold question

Anonymous — Mon, 08 Mar 2021 05:56:53 GMT

I sure hope you reach it and I hope it works out well for you! It’s not easy to get accounts deleted

Re: AoYA threshold question

Anonymous — Mon, 08 Mar 2021 06:19:20 GMT

@Anonymous curious, If "account/current status" says current, but is chock full of lates, what does that do?

Not to jump in on the thread, but accounts went from "120d+ late" to "current", but lates were not removed. Does this change anything regarding scorecard assignment or anything else?

Re: AoYA threshold question

Anonymous — Sat, 13 Mar 2021 05:07:02 GMT

@Anonymous wrote:
@Anonymous curious, If "account/current status" says current, but is chock full of lates, what does that do?

Not to jump in on the thread, but accounts went from "120d+ late" to "current", but lates were not removed. Does this change anything regarding scorecard assignment or anything else?

@Anonymous from what I see it appears the algorithm goes from the text field not the Payment grid. It would be nice to know that for sure by comparing Reason Codes. We know there are no 'new account' reason codes in a dirty card. So if someone's only dirty had your situation you're proposing, we would need to look for a new account reason code on one of the versions.

Re: AoYA threshold question

UpAndComing74 — Sat, 13 Mar 2021 15:07:17 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous curious, If "account/current status" says current, but is chock full of lates, what does that do?

Not to jump in on the thread, but accounts went from "120d+ late" to "current", but lates were not removed. Does this change anything regarding scorecard assignment or anything else?
@Anonymous from what I see it appears the algorithm goes from the text field not the Payment grid. It would be nice to know that for sure by comparing Reason Codes. We know there are no 'new account' reason codes in a dirty card. So if someone's only dirty had your situation you're proposing, we would need to look for a new account reason code on one of the versions.

@Anonymous Whoa Nelly! So could this be holding me back on points. I have 2 negati ves that I am fighting..THey wont budge. But one shows a "Current Status of 60 days past due". This account has been closed since 2018. Is the Text hurting me?

Re: AoYA threshold question

UpAndComing74 — Sat, 13 Mar 2021 15:10:57 GMT

@UpAndComing74 wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous curious, If "account/current status" says current, but is chock full of lates, what does that do?

Not to jump in on the thread, but accounts went from "120d+ late" to "current", but lates were not removed. Does this change anything regarding scorecard assignment or anything else?
@Anonymous from what I see it appears the algorithm goes from the text field not the Payment grid. It would be nice to know that for sure by comparing Reason Codes. We know there are no 'new account' reason codes in a dirty card. So if someone's only dirty had your situation you're proposing, we would need to look for a new account reason code on one of the versions.
@Anonymous Whoa Nelly! So could this be holding me back on points. I have 2 negati ves that I am fighting..THey wont budge. But one shows a "Current Status of 60 days past due". This account has been closed since 2018. Is the Text hurting me?

@Anonymous Another thing that I find interesting. They have a estimated date for removal as if it is a charge off? My other account does not have this designation.

Re: AoYA threshold question

Revelate — Sun, 14 Mar 2021 18:24:41 GMT

@UpAndComing74 wrote:
@UpAndComing74 wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous curious, If "account/current status" says current, but is chock full of lates, what does that do?

Not to jump in on the thread, but accounts went from "120d+ late" to "current", but lates were not removed. Does this change anything regarding scorecard assignment or anything else?
@Anonymous from what I see it appears the algorithm goes from the text field not the Payment grid. It would be nice to know that for sure by comparing Reason Codes. We know there are no 'new account' reason codes in a dirty card. So if someone's only dirty had your situation you're proposing, we would need to look for a new account reason code on one of the versions.
@Anonymous Whoa Nelly! So could this be holding me back on points. I have 2 negati ves that I am fighting..THey wont budge. But one shows a "Current Status of 60 days past due". This account has been closed since 2018. Is the Text hurting me?

@Anonymous Another thing that I find interesting. They have a estimated date for removal as if it is a charge off? My other account does not have this designation.

That's their own public facing algorithm AFAIK, might be in their data model but uncertain. No bearing on FICO scores, it's just a FYI. I've had accounts inconsistently marked with drop off dates or not as well, everything in my experience came off right on time though worst case it's a dispute away if it does not.

Re: AoYA threshold question

Anonymous — Sun, 14 Mar 2021 20:02:39 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous curious, If "account/current status" says current, but is chock full of lates, what does that do?

Not to jump in on the thread, but accounts went from "120d+ late" to "current", but lates were not removed. Does this change anything regarding scorecard assignment or anything else?
@Anonymous from what I see it appears the algorithm goes from the text field not the Payment grid. It would be nice to know that for sure by comparing Reason Codes. We know there are no 'new account' reason codes in a dirty card. So if someone's only dirty had your situation you're proposing, we would need to look for a new account reason code on one of the versions.

Is this different than the "new account" negative reason codes you are talking about?

Re: AoYA threshold question

Anonymous — Sun, 14 Mar 2021 20:36:44 GMT

@UpAndComing74 wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous curious, If "account/current status" says current, but is chock full of lates, what does that do?

Not to jump in on the thread, but accounts went from "120d+ late" to "current", but lates were not removed. Does this change anything regarding scorecard assignment or anything else?
@Anonymous from what I see it appears the algorithm goes from the text field not the Payment grid. It would be nice to know that for sure by comparing Reason Codes. We know there are no 'new account' reason codes in a dirty card. So if someone's only dirty had your situation you're proposing, we would need to look for a new account reason code on one of the versions.
@Anonymous Whoa Nelly! So could this be holding me back on points. I have 2 negati ves that I am fighting..THey wont budge. But one shows a "Current Status of 60 days past due". This account has been closed since 2018. Is the Text hurting me?

@UpAndComing74 yes that should keep you in a dirty card on 8/9 until it ages off. But on the 60 day lates second year anniversary you went to a clean card on the mortgage Scores. The 30 day late doesn't cause scorecard change.

Re: AoYA threshold question

Anonymous — Sun, 14 Mar 2021 20:39:43 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous curious, If "account/current status" says current, but is chock full of lates, what does that do?

Not to jump in on the thread, but accounts went from "120d+ late" to "current", but lates were not removed. Does this change anything regarding scorecard assignment or anything else?
@Anonymous from what I see it appears the algorithm goes from the text field not the Payment grid. It would be nice to know that for sure by comparing Reason Codes. We know there are no 'new account' reason codes in a dirty card. So if someone's only dirty had your situation you're proposing, we would need to look for a new account reason code on one of the versions.
Is this different than the "new account" negative reason codes you are talking about?

@Anonymous yes that new account reason code is only supposed to show up on clean cards. That's score 8. Who's is that? That would mean no 60 day late or worse anywhere on record.

Re: AoYA threshold question

Anonymous — Mon, 15 Mar 2021 00:25:32 GMT

@Anonymous there are actually two different codes: a new account reason code and a many new accounts Reason code.

I was under the assumption neither was seen in a dirty Scorecard is that correct @Revelate ?

Re: AoYA threshold question

Anonymous — Mon, 15 Mar 2021 05:03:05 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous curious, If "account/current status" says current, but is chock full of lates, what does that do?

Not to jump in on the thread, but accounts went from "120d+ late" to "current", but lates were not removed. Does this change anything regarding scorecard assignment or anything else?
@Anonymous from what I see it appears the algorithm goes from the text field not the Payment grid. It would be nice to know that for sure by comparing Reason Codes. We know there are no 'new account' reason codes in a dirty card. So if someone's only dirty had your situation you're proposing, we would need to look for a new account reason code on one of the versions.
Is this different than the "new account" negative reason codes you are talking about?

@Anonymous yes that new account reason code is only supposed to show up on clean cards. That's score 8. Who's is that? That would mean no 60 day late or worse anywhere on record.

PR scorecard. 1 CA, 2 COs. Variety of lates, not as many as TU or EX. This is SO's EQ. It is also on EX F3. Non-PR dirty scorecard. No CAs, 2 COs, and lots of lates.