topic Re: Resiliance index? in Understanding FICO® Scoring

Resiliance index?

disdreamin — Sat, 03 Jul 2021 01:08:39 GMT

The resilience index was something new for me, and I'm curious about the flags it threw. One was for revolvers which I understand, I've got bunches. The other I'm a little unclear on why this was flagged - it was amount of debt. It indicated "High installment loan amounts due."

Does anyone know how they determine that, because that flag seems a little odd for my profile. Is it based on monthly payments with no income to weigh it against? Or is it how many you have? It surprised me both that I was flagged for those that and that my index fell in the moderate category. I guess I think my situation is more resilient than the FICO algorithms do, haha.

Re: Resiliance index?

Anonymous — Sat, 03 Jul 2021 02:45:31 GMT

@disdreamin wrote:
The resilience index was something new for me, and I'm curious about the flags it threw. One was for revolvers which I understand, I've got bunches. The other I'm a little unclear on why this was flagged - it was amount of debt. It indicated "High installment loan amounts due."

Does anyone know how they determine that, because that flag seems a little odd for my profile. Is it based on monthly payments with no income to weigh it against? Or is it how many you have? It surprised me both that I was flagged for those that and that my index fell in the moderate category. I guess I think my situation is more resilient than the FICO algorithms do, haha.

Fico does not take your income into consideration and is not listed on your credit report.

Over a certain raw $ threshold it can be considered "too high". I believe I saw it when the payment amount was over $100/mo.

Probably biggest thing for the resiliency index is having more than 1:1 ratio of revolvers:installment loans.

Re: Resiliance index?

disdreamin — Sat, 03 Jul 2021 22:11:24 GMT

@Anonymous wrote:
@disdreamin wrote:
The resilience index was something new for me, and I'm curious about the flags it threw. One was for revolvers which I understand, I've got bunches. The other I'm a little unclear on why this was flagged - it was amount of debt. It indicated "High installment loan amounts due."

Does anyone know how they determine that, because that flag seems a little odd for my profile. Is it based on monthly payments with no income to weigh it against? Or is it how many you have? It surprised me both that I was flagged for those that and that my index fell in the moderate category. I guess I think my situation is more resilient than the FICO algorithms do, haha.
Fico does not take your income into consideration and is not listed on your credit report.

Over a certain raw $ threshold it can be considered "too high". I believe I saw it when the payment amount was over $100/mo.

Probably biggest thing for the resiliency index is having more than 1:1 ratio of revolvers:installment loans.

Yeah my active revolver to active installment loan is about to go to 6:0 I think, so we'll see what happens. I'm sure the resiliency index will love that move.