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Predicting FNBO closing dates

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Anonymalous
Established Contributor

Re: Predicting FNBO closing dates


@Who_wuda_thought wrote:

My own experience with the FNBO Evergreen is that the statement closing date shown on my account has always been accurate, every month so far, with no variance.  What DOES vary is when the account shows up each month (after statement closing date) as reported on each of the 3 CB's.  That is terribly inconsistent and drives me nuts, lol!


It always seems to happen at the most inconvenient time! I was planning on applying for credit, so last month I paid down the 40%+ usage on my FNBO card to zero.... and it took 4 days to show up on TU, 11 days to show up on EQ, and a full 21 days to show up on EX. It was so late, I was thinking they just forgot to report to EX in October. But it did finally report.

Message 21 of 28
MySunset271
Established Contributor

Re: Predicting FNBO closing dates

Message 22 of 28
Anonymalous
Established Contributor

Re: Predicting FNBO closing dates

I clearly don't understand scoring. I just got an alert from Experian that FNBO reported (very quickly this month). As a result, 2/3 of my personal cards are showing a balance, instead of 1/3.

 

And my score went up 2 points.

Message 23 of 28
Who_wuda_thought
Regular Contributor

Re: Predicting FNBO closing dates


@Anonymalous wrote:

I clearly don't understand scoring. I just got an alert from Experian that FNBO reported (very quickly this month). As a result, 2/3 of my personal cards are showing a balance, instead of 1/3.

 

And my score went up 2 points.


Sometimes you can look at other recent changes showing (either now or within a couple of days) to get the answer.  Account aging and inquiry aging (and/or drop from being scorable) will always be intermittently increasing your scores here and there.  When you have a change that normally might negatively influence score (like 2/3 of accts reporting), the impact may be offset by the increase in score from aging changes, etc.  The increase would have been more had there not been an offset subtraction of points for # of accts reporting.

 

This may not be the case for yourself, but thought I would throw it out there as food for thought anyway.

Scores as of November 23, 2022:



The Beginning - 7/2020
Central Bank Only Card MC (Began as $250 secured) --> $2000 unsecured
** 8/2021 Joined MyFico **
2021 New Cards (Aug.-Dec.)
BoA BankAmericard WMC $1200 --> $500 | BoA Customized Cash Rewards VS $1200 --> $1900 | Cap1 Quicksilver WEMC $3000 --> $3100 | FNBO Evergreen VS $3800 --> $11,300 | DISCOVER IT Cash $3000 | Lowes $4000
2022 New Cards (Jan.-March)
Citi Costco Anywhere VS $6000 | Commerce Bank Special Connections V $1000 | Cap1 Walmart Rewards WEMC $3000
(October-November)
NFCU More Rewards Amex $14,800 | PenFed Platinum VS $9000 | AMEX BCP $2000 | Bank of the West CB WMC $8000

** Retired/Low Income south of $20k **
No Loan or Mortgage History
No BK, lates, derog's, collections or other baddies
Message 24 of 28
uncredited
Frequent Contributor

Re: Predicting FNBO closing dates


@Anonymalous wrote:

I clearly don't understand scoring. I just got an alert from Experian that FNBO reported (very quickly this month). As a result, 2/3 of my personal cards are showing a balance, instead of 1/3.

 

And my score went up 2 points.


 

Especially EX, we both have that weird nexus that our scores don't change.  Remember 2 months ago I went from 1/2 reporting to all reporting and no drop, while TU/EQ cratered to sub prime. Then an inq, no drop. And only 4 points on another inq.  Well see what new account does. But that doesn't surprise me.

 

My next month I'll have 2/3 report with new account (otherwise I'd have an all zero briefly) so we'll see if we get the same effect.

Message 25 of 28
Anonymalous
Established Contributor

Re: Predicting FNBO closing dates


@uncredited wrote:

@Anonymalous wrote:

I clearly don't understand scoring. I just got an alert from Experian that FNBO reported (very quickly this month). As a result, 2/3 of my personal cards are showing a balance, instead of 1/3.

 

And my score went up 2 points.


 

Especially EX, we both have that weird nexus that our scores don't change.  Remember 2 months ago I went from 1/2 reporting to all reporting and no drop, while TU/EQ cratered to sub prime. Then an inq, no drop. And only 4 points on another inq.  Well see what new account does. But that doesn't surprise me.

 

My next month I'll have 2/3 report with new account (otherwise I'd have an all zero briefly) so we'll see if we get the same effect.


Well, my EX FICO 8 was stuck in the 730s for most of the year. But then it dropped into the 720s when my utilization went up, and when utilization went back down, it bounced back to 747, and now 749. I don't know why. 18 months shouldn't be an aging threshold.

Message 26 of 28
Anonymalous
Established Contributor

Re: Predicting FNBO closing dates


@Who_wuda_thought wrote:

@Anonymalous wrote:

I clearly don't understand scoring. I just got an alert from Experian that FNBO reported (very quickly this month). As a result, 2/3 of my personal cards are showing a balance, instead of 1/3.

 

And my score went up 2 points.


Sometimes you can look at other recent changes showing (either now or within a couple of days) to get the answer.  Account aging and inquiry aging (and/or drop from being scorable) will always be intermittently increasing your scores here and there.  When you have a change that normally might negatively influence score (like 2/3 of accts reporting), the impact may be offset by the increase in score from aging changes, etc.  The increase would have been more had there not been an offset subtraction of points for # of accts reporting.

 

This may not be the case for yourself, but thought I would throw it out there as food for thought anyway.


My file's simple enough that this should be easy to deduce, but I'm drawing a blank on this one. I have an inquiry on EX passing the 12 month mark and becoming unscoreable either this or month or the next, but that shouldn't account for that much of a jump. My oldest card is 18 months and my newest is 9 months, so I don't think I passed an aging threshold. I've repeatedly tested 2/3 or even 3/3 cards reporting, and doesn't seem to do much to my score one way or the other, as long as the utilization is very low (couple percent). I wonder if it's largely irrelevant for young files.

Message 27 of 28
SouthJamaica
Mega Contributor

Re: Predicting FNBO closing dates


@MySunset271 wrote:

@SouthJamaica 55E6827D-2FB9-4FEC-B2F8-98905DE80106.jpeg

 

9AC4C7A4-15C2-4B07-8604-D0E0EB087F2C.jpeg

 


Thanks. Very interesting.  My account does not have that.

 


Total revolving limits 721200 (619200 reporting) FICO 8: EQ 725 TU 723 EX 700

Message 28 of 28
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