topic Re: Additional points for new address in Understanding FICO® Scoring

Additional points for new address

Tiersha — Fri, 12 Apr 2024 14:55:46 GMT

Well this was new. Exp jumped 8 points for a new address on file. I've never seen that.

I even went back a month to see if that 8 pts was reflected anywhere else for exp or otherwise, nope.

Re: Additional points for new address

Slabenstein — Fri, 12 Apr 2024 15:09:04 GMT

Addresses aren't scored by FICO algorithms. There would have been a different change in scored data that resulted in the 8 pts.

Re: Additional points for new address

NoHardLimits — Fri, 12 Apr 2024 16:33:24 GMT

@Slabenstein wrote:
Addresses aren't scored by FICO algorithms. There would have been a different change in scored data that resulted in the 8 pts.

Agreed. If nothing else seemed different, then it was likely some type of aging metric that caused the point change.

Re: Additional points for new address

pizzadude — Fri, 12 Apr 2024 19:02:40 GMT

@Tiersha wrote:
Well this was new. Exp jumped 8 points for a new address on file. I've never seen that.

I even went back a month to see if that 8 pts was reflected anywhere else for exp or otherwise, nope.

No increase or decrease in FICO scores would ever result from an address change or having a new address added. Addresses are not taken into account for scoring.

Re: Additional points for new address

Barkius — Fri, 12 Apr 2024 20:05:33 GMT

OP has found a secret hack to get to 850 🤫

Re: Additional points for new address

FicoMike0 — Fri, 12 Apr 2024 21:15:49 GMT

@Barkius wrote:
OP has found a secret hack to get to 850 🤫
Roflol ! That's great. Move to a better neighborhood, pick up fico points. I wonder if it's zip code, or who your neighbors are. Move between a banker and a stock broker, pick up 30 points. Make sure their name isn't bankman-fraud. fico scores no use from the slammer.

Re: Additional points for new address

NoHardLimits — Fri, 12 Apr 2024 21:18:56 GMT

@Barkius wrote:
OP has found a secret hack to get to 850 🤫

I can just imagine a YouTuber posting a video about how they got this tip from directly from MyFICO.

Re: Additional points for new address

CorpCrMgr1 — Fri, 12 Apr 2024 21:45:48 GMT

@Tiersha guessing you moved to a better zip code??😁

Re: Additional points for new address

NoHardLimits — Fri, 12 Apr 2024 21:56:40 GMT

@CorpCrMgr1 wrote:
@Tiersha guessing you moved to a better zip code??😁

A better zip code might actually be helpful for insurance scores and premiums, but it won't help with FICO scores.