Quirks w/ Citi FICO Score?

[Anonymous]

My April Citi FICO 8 model fell from an 808 in March to a 713 in April. The score model cited "number of established accounts being too low/high" and "too few accounts currently paid as agreed". Their model says that I recently missed a payment. I freaked out, literally full on panic. Pulled my Creditkarma Equifax/Transunion report, neither show any late payments or anything negative. I checked Experian too, it is clean. My FICO scores from Discover and Amex are in the (correct) low 800s. I just got approved last week in branch for a CSP @ 33k and the 16.74 APR, so I'm assuming it is not actually on my report. I'm going to pull another fresh copy in a few days from annualcreditreport.com to triple check. I haven't knowingly missed any payments.

I'm thinking that the model pulled someone else's report by accident. Anyone ever had any issues with Citi's free FICO scores? I'm OCD about my credit and paying my revovling off in full and on-time.  

[Anonymous]

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@Anonymous wrote:

@Anonymous April Citi FICO 8 model fell from an 808 in March to a 713 in April. The score model cited "number of established accounts being too low/high" and "too few accounts currently paid as agreed". Their model says that I recently missed a payment. I freaked out, literally full on panic. Pulled my Creditkarma Equifax/Transunion report, neither show any late payments or anything negative. I checked Experian too, it is clean. My FICO scores from Discover and Amex are in the (correct) low 800s. I just got approved last week in branch for a CSP @ 33k and the 16.74 APR, so I'm assuming it is not actually on my report. I'm going to pull another fresh copy in a few days from annualcreditreport.com to triple check. I haven't knowingly missed any payments.

I'm thinking that the model pulled someone else's report by accident. Anyone ever had any issues with Citi's free FICO scores? I'm OCD about my credit and paying my revovling off in full and on-time.  

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Not sure what caused the score drop but keep in mind that the score that Citi gives you is the FICO 08 Bankcard Enhanced score so it will be diffferent than your standard FICO 08 score which Discover and Amex are giving you. Still I would pull a full Equifax report to see if there is anything negative on there that would cause the score drop.

[Anonymous]

Pulled my full EQ report from annualcreditreport.com, it is completly clean. I have no idea where Citi is getting that I paid late on one or more accounts.

[Anonymous]

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@Anonymous wrote:

Pulled my full EQ report from annualcreditreport.com, it is completly clean. I have no idea where Citi is getting that I paid late on one or more accounts.

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They didn't say that at all.  That's a common mistake with that reason code. We read it as "we paid late on one or more accounts" but what FICO really means is "you don't have enough accounts and history to make a good judgment call."

What is your AAoA?  

[Anonymous]

AAoA 5 years 7 months per Creidt Karma EQ. Oldest account is a credit card from 2005. All reported 62 accounts (including closed). Lots of cards, good mixture of auto/student loans. I've had a Citi card since 2006 (still open).

Citi SPed me on 25 April, so it looks like they pulled the right report. I am just shocked w/ the score drop. Nothing has changed on the reports.

[Anonymous]

Well, it has been said that it's the Equifax FICO® Bankcard Score 8 which scores differently than FICO 08.   I believe it gives a bigger negative punch to new accounts.

[CreditDunce]

After some big app sprees, I have seen the code "too few accounts currently paid as agreed".  I am not sure exactly what it means, but it went away after a couple of months.  I assumed it meant I had too many new accounts without an established history.  In a few months, you should be back in the 800's.