topic Re: This stuff is confusing... in Understanding FICO® Scoring

This stuff is confusing...

Anonymous — Thu, 03 Jul 2014 23:56:43 GMT

So... When they switched me to the new scoring method I had a 649... Thats all fine and dandy. and was on may 18th

On may 22 I got an alert that it dropped to 643 (due to a balance increase)

May 29th bumped to 646 (due to a balance pay off on a credit card)

A few more reports of 646 on june 16th and june 21st (due to changings in ballances)

On the july 2nd I got an alert dropped to 639 (Missed closing day by one... so now I have a high util)

Point is I understand the little drops and increases because they coenside with events.

Today july 3rd I get an update. Score bumped to 652. There were no alerts attached to this. It just happened what it seems on its own. I do have one student loan that I just paid of but... I think I should get a notification that it changed by more than $5 at the same time :-)

I have two collections that should fall off first of next year. And a BK7 that discharged feb 2013.

What could it be that caused it to bump? I want to do it again :-) After timing my pay offs again I plan on a bit of a jump due to util etc.

Re: This stuff is confusing...

Anonymous — Fri, 04 Jul 2014 00:05:03 GMT

Interpreting small point changes is often very difficult.

A person would need to have expert credit knowledge, and have a report and score updating system that is working smoothly without any lags or other hitches.

As an example of what can make your score go up, there are a series of age issues -- increased AAoA, inquiries and derogatories and new accounts aging, and so on.

Re: This stuff is confusing...

Anonymous — Fri, 04 Jul 2014 00:07:49 GMT

@Anonymous wrote:
Interpreting small point changes is often very difficult.

A person would need to have expert credit knowledge, and have a report and score updating system that is working smoothly without any lags or other hitches.

As an example of what can make your score go up, there are a series of age issues -- increased AAoA, inquiries and derogatories and new accounts aging, and so on.

Are there any ideas of estamates of aging? For example. An inquirery starts aging at 3months, 6months? AAoA starts going up at 3months, 6months for a posative increase? Deragatory increases as it reaches 6months, 12months?

Any ideas?

Re: This stuff is confusing...

Anonymous — Fri, 04 Jul 2014 00:38:39 GMT

@Anonymous wrote:

@Anonymous wrote:
Interpreting small point changes is often very difficult.

A person would need to have expert credit knowledge, and have a report and score updating system that is working smoothly without any lags or other hitches.

As an example of what can make your score go up, there are a series of age issues -- increased AAoA, inquiries and derogatories and new accounts aging, and so on.

Are there any ideas of estamates of aging? For example. An inquirery starts aging at 3months, 6months? AAoA starts going up at 3months, 6months for a posative increase? Deragatory increases as it reaches 6months, 12months?

Any ideas?

There is lots of information on this contained in old threads.

For example, a 30-day late loses its impact over two years, and an inquiry loses its impact over one year.

Re: This stuff is confusing...

vanillabean — Fri, 04 Jul 2014 02:00:08 GMT

@Anonymous wrote:

an inquiry loses its impact over one year.

Barry may say as suddenly as overnight, lol.

Re: This stuff is confusing...

Anonymous — Sat, 05 Jul 2014 17:25:03 GMT

And here it is on the 5th and the score dropped back to 639. I wonder if there is some sort of a glitch?