topic Re: Fico TU08 decline in Understanding FICO® Scoring

Fico TU08 decline

mongstradamus — Tue, 24 Jun 2014 04:08:18 GMT

I am trying to understand what happened with my TU08 Score that just posted. the only real change i had since last time i pulled it was I added a new account to my credit report. The funny thing about that is that my eq08 went up 5 points, my CK fako went up 10 points , and my Credit.com Fako went up 36 points, because of the new account that was added. My TU08 score went down 7 points though, so i am wondering why would TU08 score go down but all my other scores go up from addition of new account. I know some of those scores are fako scores, but my eq08 which is supposed to be an fico score did go up.

I am trying to understand the intricacies of fico scoring, but it doesn't seem like there is any method to the madness, which is very frusturating.

Re: Fico TU08 decline

Anonymous — Tue, 24 Jun 2014 12:08:07 GMT

I assume you've taken into account the TU 98 -> TU 08 change.

Beyond that, you would have to also account for various small factors that can bounce your score around a few points, for example small changes in utilization, account aging, old inquiries dropping off, improved AAoA, and so on.

Re: Fico TU08 decline

mongstradamus — Tue, 24 Jun 2014 12:40:54 GMT

@Anonymous wrote:
I assume you've taken into account the TU 98 -> TU 08 change.

Beyond that, you would have to also account for various small factors that can bounce your score around a few points, for example small changes in utilization, account aging, old inquiries dropping off, improved AAoA, and so on.

Yeah the change in score was from my Walmart tu08 and discover tu08 which were about two weeks apart.I don't think I changed much utilization wise just the one additional inq and one new account. I just don't understand how my other scores went up,there must be something wrong with my TU I am thinking

Re: Fico TU08 decline

Anonymous — Tue, 24 Jun 2014 18:01:35 GMT

@mongstradamus wrote:
@Anonymous wrote:
I assume you've taken into account the TU 98 -> TU 08 change.

Beyond that, you would have to also account for various small factors that can bounce your score around a few points, for example small changes in utilization, account aging, old inquiries dropping off, improved AAoA, and so on.

Yeah the change in score was from my Walmart tu08 and discover tu08 which were about two weeks apart.I don't think I changed much utilization wise just the one additional inq and one new account. I just don't understand how my other scores went up,there must be something wrong with my TU I am thinking

The one new acct may have hurt you more than the inq. Did your AAOA drop?

Re: Fico TU08 decline

mongstradamus — Wed, 25 Jun 2014 00:29:03 GMT

@Anonymous wrote:
@mongstradamus wrote:
@Anonymous wrote:
I assume you've taken into account the TU 98 -> TU 08 change.

Beyond that, you would have to also account for various small factors that can bounce your score around a few points, for example small changes in utilization, account aging, old inquiries dropping off, improved AAoA, and so on.

Yeah the change in score was from my Walmart tu08 and discover tu08 which were about two weeks apart.I don't think I changed much utilization wise just the one additional inq and one new account. I just don't understand how my other scores went up,there must be something wrong with my TU I am thinking
The one new acct may have hurt you more than the inq. Did your AAOA drop?

I will have to pull my TU 08 to see, the one thing I don't understand is my eq and TU have same data but scores went in opposite directions.