topic Re: FICO Reason Codes in Understanding FICO® Scoring

FICO Reason Codes

Zoostation1 — Mon, 03 Jul 2023 23:41:42 GMT

Got my 3B pull today and noticed some changes to my reason codes caught my attention when looking at scores. For EX8 "you have an insufficient number of accounts that are currently paid as agreed" reappeared. That reason code previously went away from being displayed on all 3 several months back.

Also saw on my EQ10T and EX10T "your ratio of recent to historical balances on credit card or other revolving and/or open-ended accounts is high." My 10T scores are not at their highest (though many of my others are), but did rise this month despite seeing this reason code for the first time. I guess 10T doesn't like my last couple months utilization (relatively speaking since it's still higher than my FICO 8 and 10) and my initial assumption is this code is specific to 10T only.

For DP purposes the last 6 months it's always been AZEO with utilization (indiv, aggregate) being:

2%, 1%

2%, <1%

2% <1%

32%, 7%

28%, 4%

Re: FICO Reason Codes

GZG — Tue, 04 Jul 2023 04:54:38 GMT

@Zoostation1 wrote:
For EX8 "you have an insufficient number of accounts that are currently paid as agreed" reappeared. That reason code previously went away from being displayed on all 3 several months back.

I wonder if that goes away at 5 open paid as agrees accounts? do you have other accounts open besides the 4 cards?

Re: FICO Reason Codes

Zoostation1 — Tue, 04 Jul 2023 06:42:29 GMT

@GZG wrote:
@Zoostation1 wrote:
For EX8 "you have an insufficient number of accounts that are currently paid as agreed" reappeared. That reason code previously went away from being displayed on all 3 several months back.
I wonder if that goes away at 5 open paid as agrees accounts? do you have other accounts open besides the 4 cards?

I don't know what threshold makes it go away, but I have nothing else open or closed reporting besides the 4 cards. I had a pretty significant gap between between DOFD and when I filed along with another signficiant gap between filing and deciding it was time to start rebuilding (so my BK is older than any accounts on my report).

Re: FICO Reason Codes

Thomas_Thumb — Tue, 04 Jul 2023 14:27:51 GMT

@Zoostation1 wrote:
Got my 3B pull today and noticed some changes to my reason codes caught my attention when looking at scores. For EX8 "you have an insufficient number of accounts that are currently paid as agreed" reappeared. That reason code previously went away from being displayed on all 3 several months back.

Also saw on my EQ10T and EX10T "your ratio of recent to historical balances on credit card or other revolving and/or open-ended accounts is high."

For DP purposes the last 6 months it's always been AZEO with utilization (indiv, aggregate) being:

2%, 1%
2%, 1%
2%, <1%
2% <1%
32%, 7%
28%, 4%

I always had the insufficient # of accounts paid as agreed even when I showed balances on all of my 5 cards, 2 AU card and 1 mortgage. Never had a late payment. My top 2 statements were usually insufficient # of accounts and too many accounts reporting balances.

It would appear critical mass to satisfy this metric requires more than 6 cards or 7 accounts. If the metric looks at bank cards only, I only have 3 of those.

There were a few times when the reason statement did not show. It was still lurking in the background but had dropped in rank due to a hard inquiry associated with a CLI.