topic Re: Stuck at same score for over 3 months in Understanding FICO® Scoring

Stuck at same score for over 3 months

DaYooper — Wed, 26 May 2021 06:15:05 GMT

I need to ask the experts at what might be holding me back. I have been at 784 (EX8) since Feb. 21st. The only negative is one 30-day late from February 2019 (slightly over two years). According to the 30-day lates vs time graph, (posted in another thread), it should only ding me around 30 points. My NFCU-supplied FICO9 is 826. I feel my EX8 should be at 800 by now. DPs to follow:

Total Debt: $218K
CC Utilization: $406 / $112,300 (0.3%)
CC balance 1: $255 / $5800 (4.3%)
CC balance 2: $151 / $18000 (0.8%)
Five CCs with $0 balance
Mortgage: $192K balance out of $235K
Home Equity Loan: $19K out of $21K
Student Loans: $6100 balance out of $11K
Collections: none
DTI: 19%
AAoA: 8yr 3mo
AoOA: 13yr 11mo
AoYA: going on 2mo
Credit Mix: Exceptional
HP Inquiries: 0
Two NFCU credit cards issued this year (Jan and April)

Besides the 30-day late, what else is preventing the score from going higher?

Thank you for your time. Off to bed, and will check this sometime tomorrow.

Re: Stuck at same score for over 3 months

AllZero — Wed, 26 May 2021 06:22:30 GMT

Who is the 30 day delinquency from? Have you tried writing GW Good Will letters?

Re: Stuck at same score for over 3 months

babygirl1256 — Wed, 26 May 2021 17:40:53 GMT

@DaYooper I'm certainly not the expert -and- have been following these great minds (and I have learned so much) . . . I'm certain one of them will be able to answer your question and/or provide guidance.

@M_Smart007 , @Anonymous , @AllZero . . . Thanks all.

Re: Stuck at same score for over 3 months

Slabenstein — Wed, 26 May 2021 06:42:16 GMT

Two things about your profile that aren't optimal for FICO8 are AoYRA < 1 year and balance-to-loan ratio > 9.4%, but neither of those are metrics you can really do anything about right now. I do want to say that a single 30D holds down score pretty severely on a profile with otherwise perfect payment history, and I suspect that, even after 2 years, it's costing you more than 30 points. One thing to keep in mind w/ graphs, charts, etc. like the one you're referencing is that they can be great tools for understanding how FICO works in general but that the exact score impacts for any particular person are going to be very profile-dependant.

Re: Stuck at same score for over 3 months

Jnbmom — Wed, 26 May 2021 08:21:01 GMT

With that 30 day late reporting I don't see your scores going up much at all at this point . That's holding it down

You can try a GW campaign but not much else .

Re: Stuck at same score for over 3 months

DaYooper — Wed, 26 May 2021 16:29:16 GMT

@AllZero wrote:
Who is the 30 day delinquency from? Have you tried writing GW Good Will letters?

The 30-day is Home Depot. I think I read somewhere they are not too receptive to GW letters. I remember it was a boneheaded move - I set the bill aside and it got buried instead of putting it in my bills stack, and I forgot about it.

Re: Stuck at same score for over 3 months

babygirl1256 — Wed, 26 May 2021 20:42:42 GMT

@DaYooper Nothing beats a failute but a try . . . you can't lose anything . . . try reaching out to the Executive Office. Wishing you success in getting the 30-day late removed.

Re: Stuck at same score for over 3 months

AllZero — Wed, 26 May 2021 21:00:06 GMT

@DaYooper wrote:
I feel my EX8 should be at 800 by now.

It's possible to achieve FICO 8s 800 with the 30 day delinquency. You just need more time to pass.

https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Achieved-800-FICO-with-30-day-late-reporting/m-p/6123884

Re: Stuck at same score for over 3 months

DaYooper — Thu, 27 May 2021 05:18:26 GMT

Thanks for all the infomation and refereneces. Maybe I'll get a suprise when the 30-day passes 3 years and 4 years.