topic Re: TU FICO®8 has jumped +29 FICO's to "831"😎 in Understanding FICO® Scoring

TU FICO®8 has jumped +29 FICO's to "831"😎

M_Smart007 — Sat, 27 May 2023 10:38:26 GMT

IN CREDIT NEWS:

BOA reporting TU FICO8 has jumped +29 FICO's

FICO® Score. The score lenders use.

Information about your credit score

Credit score 831

+29

Change

in Fico Score

Credit rating is EXCEPTIONAL

Fico Score As of 5/27/2023 Updated monthly by

So I had to go searching for what caused the jump?

So it is all just a guess at this point, I am AZE5 (revolvers) (AZE6 with open Installment)

(2) AoYRA's hit 1mo, (4) CC's hit 5yrs & (1) (closed) installment hit 10yrs. ALL at the same time.

ETA: (2) Inquiries under 12 months were somehow deleted from my TU report.

So it is hard to pinpoint TU FICO8 gains by just an individual event.

(Age metrics pulled fron EQ)

(Click image to enlarge)(Click image to enlarge)(Click image to enlarge)(Click image to enlarge)

AZE5 (AZE6 with Installment)

ACCOUNTS WITH A BALANCE BALANCE AVAILABLE BALANCE CREDIT LIMIT
REVOLVING ACCOUNTS 88
ACCOUNTS WITH A BALANCE 5

INSTALLMENT 1 1 $20 $24,980 $25,000

TOTAL 89 6 $28,720 $1,877,180 $1,905,900

Further DP's;

88 open Revolving TL's reporting / 1 open Installment loan reporting

43 Closed Accts. reporting / 8 closed installment loans reporting.

AZE5 (AZE6 with one open Installment)

AoYRA(s) 1mo.

AAoA 4yrs

AoORA 39+ AMERICAN EXPRESS (Will be 40yrs. in June 2023)

No Mortgage reporting (PIF 2005)

No open auto loans reporting (5 PIF closed reporting)

Some Inqs are Business PG related.

10/12 scoreable Inqs.

Inqs/24 New Accts./24

(Click image to enlarge)

Disclosure:

I do not claim to Understand FICO® Scoring

ETA: (2) Inquiries under 12 months were somehow deleted from my TU report.

Re: TU FICO®8 has jumped +29 FICO's to "831"😎

SouthJamaica — Sat, 27 May 2023 11:43:28 GMT

@M_Smart007 wrote:
IN CREDIT NEWS:

BOA reporting TU FICO8 has jumped +29 FICO's
FICO® Score. The score lenders use.

Information about your credit score
Credit score 831
+29
Change
in Fico Score
Credit rating is EXCEPTIONAL
Fico Score As of 5/27/2023 Updated monthly by

So I had to go searching for what caused the jump?

So it is all just a guess at this point, I am AZE5 (revolvers) (AZE6 with open Installment)
(2) AoYRA's hit 1mo, (4) CC's hit 5yrs & (1) (closed) installment hit 10yrs. ALL at the same time.
ETA: (2) Inquiries under 12 months were somehow deleted from my TU report.
So it is hard to pinpoint TU FICO8 gains by just an individual event.
(Age metrics pulled fron EQ)
(Click image to enlarge)(Click image to enlarge)(Click image to enlarge)(Click image to enlarge)
AZE5 (AZE6 with Installment)
ACCOUNTS WITH A BALANCE BALANCE AVAILABLE BALANCE CREDIT LIMIT
REVOLVING ACCOUNTS 88
ACCOUNTS WITH A BALANCE 5
INSTALLMENT 1 1 $20                                $24,980                            $25,000
TOTAL 89 6             $28,720                         $1,877,180                       $1,905,900

Further DP's;
88 open Revolving TL's reporting / 1 open Installment loan reporting
43 Closed Accts. reporting / 8 closed installment loans reporting.
AZE5 (AZE6 with one open Installment)
AoYRA(s) 1mo.
AAoA 4yrs
AoORA 39+ AMERICAN EXPRESS (Will be 40yrs. in June 2023)
No Mortgage reporting (PIF 2005)
No open auto loans reporting (5 PIF closed reporting)
Some Inqs are Business PG related.
10/12 scoreable Inqs.
Inqs/24            New Accts./24
(Click image to enlarge)
Disclosure:
I do not claim to Understand FICO® Scoring

ETA: (2) Inquiries under 12 months were somehow deleted from my TU report.

Congratulations on the uptick.

That's a pretty big one, though, and your failure to isolate the reason(s) for it is quite disappointing in view of your investigatory credentials working for CONTROL.

Have you looked at your TU report carefully?

Re: TU FICO®8 has jumped +29 FICO's to "831"😎

Thomas_Thumb — Sat, 27 May 2023 18:00:13 GMT

My AoOA is an AMEX at 39 years as well. Beyond that our profiles have very little in common. I have 6 open credit cards and 1 closed loan.

You have far to many accounts to pinpoint cause(s) for such a score change.

A few things that tend to shift score around 25 points are a lone car or SSL loan dropping below 9% B/L, a lone 30 day late dropping off a report with no other derogs on file, reducing one or more highly utilized/maxed out credit cards to a point where highest card UT is under 29% or a scorecard reassignment.

Re: TU FICO®8 has jumped +29 FICO's to "831"😎

Jnbmom — Sat, 27 May 2023 14:44:33 GMT

@M_Smart007

Congrats 😊😊😊😊 I was excited when my TU went to 805 , I would be over the moon with that one ❤️

Re: TU FICO®8 has jumped +29 FICO's to "831"😎

M_Smart007 — Sat, 27 May 2023 22:25:15 GMT

@Jnbmom wrote:
@M_Smart007

Congrats 😊😊😊😊 I was excited when my TU went to 805 , I would be over the moon with that one ❤️

@Jnbmom, Thank You

I almost fell over,

I still have not figured it out yet, and I might not ever

It is not a mistake, as I did a 3B pull to verify, and also pulled TU from https://www.annualcreditreport.com/index.action

Everything looks the same?, just a few aging metrics.

Maybe like @Thomas_Thumb pointed out, ->" or a scorecard reassignment."??

Aggregate utilization is a little higher and a couple more cards reporting balances ...so ¯\_(ツ)_/¯

I know my TU has a couple of accounts NOT being reported "HSBC Premier" and "HSBC Cash Rewards",

also one older $50K PLOC with zero bal. is reporting.

So AAoA is a little more lengthy than EX or EQ.

I have not had any, BK's, CO's, Lates, Repo's or Medical Collections ...or any other type of derogs on my report.

I have only had (1) open installment reporting a $20 bal. out of $25K for the last 3 years.

But never the less, i'll take it.

Re: TU FICO®8 has jumped +29 FICO's to "831"😎

Thomas_Thumb — Sat, 27 May 2023 23:05:40 GMT

Years ago CAPTOOL experienced a bouncing ball score effect on his Fico 8 TU. Score was shifting over 70 points. Fico 8 EX and EQ were essentially stable during these times. Don't think cause was ever figured out. His TU score had been depressed due to a derog on that CB only. His score spiked when it was removed from his TU report. We speculated he had something like a split file on TU that was cycling between clean/dirty as if the derog was being factored in one credit pull but not the next.

It will be interesting to see how your EQ/EX scores behave. Are those being tracked as well? Are you able to compare all accounts on each CB? Are you AU on any accounts?

Re: TU FICO®8 has jumped +29 FICO's to "831"😎

M_Smart007 — Sun, 28 May 2023 01:31:26 GMT

@Thomas_Thumb wrote:
Years ago CAPTOOL experienced a bouncing ball score effect on his Fico 8 TU. Score was shifting over 70 points. Fico 8 EX and EQ were essentially stable during these times. Don't think cause was ever figured out. His TU score had been depressed due to a derog on that CB only. His score spiked when it was removed from his TU report. We speculated he had something like a split file on TU that was cycling between clean/dirty as if the derog was being factored in one credit pull but not the next.

It will be interesting to see how your EQ/EX scores behave. Are those being tracked as well? Are you able to compare all accounts on each CB? Are you AU on any accounts?

So far I have not seen a spike in EX or EQ .. I will be watching to see and report back.

All accounts are exactly the same across all three CB's with the exception of TU not having the (2) HSBC MC's and very old PLOC.

No, I have never been an AU on any accounts.

Re: TU FICO®8 has jumped +29 FICO's to "831"😎

FireMedic1 — Sun, 28 May 2023 09:10:10 GMT

If it sticks......Booyah! Congrats @M_Smart007 ! You earned the rare...............

Re: TU FICO®8 has jumped +29 FICO's to "831"😎

SweetCreditObsession — Fri, 02 Jun 2023 03:27:58 GMT

@M_Smart007 woohoo! Congratulations and thanks for the detailed DPs.

Re: TU FICO®8 has jumped +29 FICO's to "831"😎

PayAndProsper — Sun, 04 Jun 2023 04:51:57 GMT

@M_Smart007 nice job on the score and the clean profile.