topic Re: 843 Experian FICO in General Credit Topics

843 Experian FICO

sebonne1 — Mon, 09 Oct 2017 07:34:52 GMT

Went from 761 to 843 yesterday when I was alerted that my new car loan showed up (old loan is still showing as well) ...but score went up because BK finally fell off! 10 yrs of struggling and research to make sure my credit went up. One of my cards is at 45% utilization with making interest free monthly payments, but all others are below 10% and paid off every month. I have auto, student loans and 9 credit cards.. no current mortgage loans. Sooo happy!!!!!

Re: 843 Experian FICO

Anonymous — Mon, 09 Oct 2017 10:57:18 GMT

Wow that is awesome!!

Hope I can get there someday..

Re: 843 Experian FICO

Anonymous — Mon, 09 Oct 2017 14:35:28 GMT

Final major baddies falling off usually give a sweet 60-100 point bump. Well deserved and congratulations!

Re: 843 Experian FICO

Anonymous — Mon, 09 Oct 2017 14:59:15 GMT

Congrats OP!!! 3 more yers for my Ch7 to fall...10/2020. I will try to get it removed on 7/2020

Re: 843 Experian FICO

Revelate — Mon, 09 Oct 2017 20:21:48 GMT

Congrats OP!

Also to say a 761 on FICO 8 with a BK showing is a great accomplishment in it's own right, not many of us with a PR on our records get that high.

Re: 843 Experian FICO

Anonymous — Mon, 09 Oct 2017 20:49:17 GMT

Rev, do you know the weight that different major delinquencies/derogs carry relative to one another? I mean, I assume a BK is the worst, but then other things like COs, collections, 120 day lates, etc? I'm wondering if the data is out there that gives us a good idea of how we'd rank these negatives in order of most impactful to score to least impactful.

Re: 843 Experian FICO

Cprman — Tue, 10 Oct 2017 13:21:52 GMT

Solid work! Now you can go get a nice mortgage with the best rate possible..maybe even push you eventually to 850.

Re: 843 Experian FICO

EW800 — Tue, 10 Oct 2017 13:54:50 GMT

Congratulations! Such a great accomplishment!

I hope to experience something similar in about 6 to 8 months, when I try for some EE's. My FICO 8's are in the 736-747 range, with a foreclosure and a credit card settlement reporting from 2011/2012. I am hoping that much like you have experienced, when the two major baddie's fall off, I should go over 800. My FIco 9 scores are already in the 780-790 range.

Again, congratulations on such a great recovery!

Re: 843 Experian FICO

Anonymous — Tue, 10 Oct 2017 17:17:47 GMT

Time to garden for 5 years to get that last 7 points.

Re: 843 Experian FICO

sebonne1 — Tue, 10 Oct 2017 20:15:57 GMT

Lol- the new auto loan cost me 7 points! I really don't know how I got to 843. Congrats and good luck to everyone with their scores!

Re: 843 Experian FICO

Revelate — Wed, 11 Oct 2017 17:45:19 GMT

@Anonymous wrote:
Rev, do you know the weight that different major delinquencies/derogs carry relative to one another? I mean, I assume a BK is the worst, but then other things like COs, collections, 120 day lates, etc? I'm wondering if the data is out there that gives us a good idea of how we'd rank these negatives in order of most impactful to score to least impactful.

Not a firm idea, confident that a PR = PR for bucketing purposes, so BK, tax lien, judgement, collection are all scored very similarly... and everyone I've seen typically tops out around 740-765 regardless of type of PR so I suspect they may be scored darned near identically. 761 for a BK 765 for a tax lien IIRC, fact is 4 points is a rounding error.

120 lates are an obvious deliquency but may get lumped in with the others.... we've seen old 90 day lates in the 780+ range though which suggests a different bucket on FICO 8.

Not sure as a result without a lot more data (since we're never going to get a set of identical files with different derogatories) that we can stack rank the negatives.