topic Re: Paging any FICO9 analyst in Understanding FICO® Scoring

Paging any FICO9 analyst

Meanmchine — Sat, 22 Feb 2025 19:37:07 GMT

This is the third time over the years that this happened.

On the day that I go one full year without any apps/inquiries, my Fico9 scores plummets

Re: Paging any FICO9 analyst

GZG — Sat, 22 Feb 2025 19:48:24 GMT

@Meanmchine wrote:
This is the third time over the years that this happened.
On the day that I go one full year without any apps/inquiries, my Fico9 scores plummets

I wonder if the no new apps mature/thick/no derogs scorecard is tougher on scores than the has new apps/mature/thick/no derogs scorecard

it wouldn't surprise me if it's harder to get higher scores in the "no new apps scorecard" because of all of the extremely stable profiles that haven't applied for credit for years and decades compared to much less stable profiles from the "has new apps scorecard"

only explanation I can reasonably think of

Re: Paging any FICO9 analyst

Patient957 — Sat, 22 Feb 2025 19:50:12 GMT

Interesting. When was your last new account and was it a revolver or installment?

Did you get any bump or change in your Fico 8 or Fico 5/4/2 at the same time or did they stay the same?

Re: Paging any FICO9 analyst

Meanmchine — Sat, 22 Feb 2025 21:07:07 GMT

@Patient957 wrote:
Interesting. When was your last new account and was it a revolver or installment?

Did you get any bump or change in your Fico 8 or Fico 5/4/2 at the same time or did they stay the same?

EQ8 stayed at 850

EX8 stayed at 842

TU8 ?

Van3 stayed the same

Re: Paging any FICO9 analyst

Thomas_Thumb — Sun, 23 Feb 2025 00:44:09 GMT

Is the F9 drop transitory or does it remain depressed for more than a month assuming no new credit seeking activity? If short term transitory; it is likely an algorithm glitch that self corrects in the days following a scorecard reassignment.

Curious - how many cards do you have and how many are reporting balances before/after the 12 month age? Also, what are your aggregate and highest card utilization levels?

Re: Paging any FICO9 analyst

Meanmchine — Sun, 23 Feb 2025 00:54:00 GMT

@Thomas_Thumb wrote:
Is the F9 drop transitory or does it remain depressed for more than a month assuming no new credit seeking activity?

Curious - how many cards do you have and how many are reporting balances before/after the 12 month age? Also, what are your aggregate and highest card utilization levels?

It takes awhile 6-9 months to get most of it back

Last new account 2/24

30+ open 1 account $3k bal. 2 accounts of less then $50 reporting

Remember, the day before yesterday, it was an 850 score. Nothing else occured beside the 1 year mark being reached

In addition to 2 accounts turning 1 year old, 2 inquiries are reporting 1/12 2/24 currently

Re: Paging any FICO9 analyst

Thomas_Thumb — Sun, 23 Feb 2025 02:04:40 GMT

Strange indeed. Fico 9's new account scorecard may put little or no weight on too many revolving accounts or too few open loans. Once you switch scorecards perhaps you are receiving an F9 penalty for qty of open accounts or ratio of revolving to installment accounts that does not exist with F8. Then the hypothesized F9 penalty for too many revolvers or too high a ratio diminishes over time as AoYA increases.

Some reports will list a couple negative reasons whenever score drops below 850. Unfortunately, the Fico reports require Classic scores to fall below 800 before listing reasons. Do you have access to any reports from CC companies listing reason statements?

* refer to credit scoring primer thread (message 5) suggesting R/I ratio of 3:1 to 4:1 as a preferred range. Not sure Fico looks at such a ratio but my ratio of 5:1 was fine.

My newest card account is 2011 so I can't speak directly to impact on score of a newest account aging to 12 months. I can say lack of any newish accounts were never an impediment for Fico 9 850s in my situation. I "only" have 5 cards plus 1 AU card and 1 installment loan, now closed.

Re: Paging any FICO9 analyst

Meanmchine — Sun, 23 Feb 2025 01:55:09 GMT

@Thomas_Thumb wrote:
Strange indeed. Fico 9's new account scorecard may put little or no weight on too many revolving accounts or too few open loans. Once you switch scorecards perhaps you are receiving an F9 penalty for qty of open accounts that does not exist with F8. Then the hypothesized F9 penalty for too many revolvers or too few open installment loans diminishes over time as AoYA increases.

Some reports will list a couple negative reasons whenever score drops below 850. Unfortunately, the Fico reports require Classic scores to fall below 800 before listing reasons. Do you have access to any reports from CC companies listing reason statements?

My newest card account is 2011 so I can't speak directly to impact on score of a newest account aging to 12 months. I can say lack of any newish accounts were never an impediment for Fico 9 850s in my situation. I "only" have 5 cards plus 1 AU card.

At lease someone still loves me. Van3 TU

Re: Paging any FICO9 analyst

Thomas_Thumb — Sun, 23 Feb 2025 02:07:59 GMT

It should. VS3 likes to see a boatload of open revolving accounts - atleast 10 -19.

Re: Paging any FICO9 analyst

SouthJamaica — Mon, 24 Feb 2025 20:56:24 GMT

@Meanmchine wrote:
This is the third time over the years that this happened.
On the day that I go one full year without any apps/inquiries, my Fico9 scores plummets

I can't imagine why that would occur. I'm not aware of a scorecard change based on inquiries.

I'm not sure what you meant when you said "2 inquiries are reporting 1/12 2/24 currently". Isn't that inconsistent with what you said in your first post, that you've just gone one full year without any inquiries?

Re: Paging any FICO9 analyst

FlaDude — Mon, 24 Feb 2025 22:45:59 GMT

I captured this a while ago so I can't really tell you what the changes were, but at one point my 8 and 9 scores see-sawed in opposite directions every month for at least three months so 9 can definitely view things differently than 8.

Re: Paging any FICO9 analyst

FicoMike0 — Tue, 04 Mar 2025 22:02:26 GMT

Wow, that is interesting! Be nice to know what's causing it.

Re: Paging any FICO9 analyst

FlaDude — Wed, 05 Mar 2025 20:37:14 GMT

This was a couple of years ago, but one month 8's were up and 9's were down, the next month exactly the opposite, and I'm pretty sure the third month was back to the first pattern. After that they settled down. I should have looked more closely at the time to understand what the factors might have been but that was a busy time in my life. My wife and I were looking at homes but hadn't had an accepted offer so hadn't applied for mortgages at that point.

Re: Paging any FICO9 analyst

hdporter — Thu, 06 Mar 2025 00:08:45 GMT

I frequently frown when someone blames a score change on a score card switch; but this time I find the explanation very plausible.

Bottom line, if your score is 800+, don't sweat the minutia!

Re: Paging any FICO9 analyst

GZG — Thu, 06 Mar 2025 22:58:26 GMT

interestingly, I just gained ~30 points in Experian FICO 9 for going 0/12, although I feel utilization was a part of that 30 point gain though too

Re: Paging any FICO9 analyst

FicoMike0 — Fri, 07 Mar 2025 02:10:04 GMT

Congratulations!

Nice boost.