@Lou-natic wrote:"The FICO Score 10 Suite is the newest FICO credit scoring model, consisting of two scores: FICO 10 and FICO 10T. The FICO 10T credit score includes trended data, which looks at individual consumers' payment and debt history for the previous 24-plus months to help calculate their credit scores." So it appears they would be looking at utilization for every month going back 2 years instead of just the current month like they do with the older scores. So no more cheating doing AZEO the month before you apply for your mortgage to "boost" your scores to make things look good on paper.
@Curious_George2 wrote:
@Revelate wrote:My gold plated EX file for giggles (zero inquiry, *almost* AZEO, just installment utilization is the only "problem" with the file these days).
EX FICO 2: 821
EX FICO 10T: 846
I wonder what's missing for 4 more points
ETA: well crap I have 2 revolvers with balances actually, Zync had it's AF come due hahahahaha.
It cares what your utilization has been for the past 24 months, right?
Do we know if that's the only trend it cares about? Or will one's trends in, say, credit limits or the number of baddies, open accounts or closed accounts also affect 10T scores?
Yeah, when they first announced it I thought it was going to be a major step forward for credit scoring in general and could stop worrying about the stupid reindeer games when it came to revolving balances reporting. I personally have been PIFing for a lot longer than 24 months so I should be pretty on that front... I have yet to pull a recent report from the bureaus though to see if all accounts are providing trended data, so I wouldn't be surprised if there was a secondary calculation too on current balances. Hard to say.
I can't really tease anything out about FICO 10/10T from either report, both on my dirty birdy EQ (unpaid, not updating CO for $182 from over 2 years ago) and my bulletproof EX those two are each my highest 2 scores, but whereas EX has 10T 9 points higher, EQ has 10 Classic 5 points higher.
The reason codes are identical on the EQ side, FICO 10T still cares about installment loan utilization haha. Either that or maybe longer history are the only paths to the pointless perfect for me apparently.
Some things don't change. 
Just something I got a kick out of the other day about my VS4 score. The descriptions make more sense but I still found it funny.
3/3/24
@LADave wrote:
@Revelate wrote:Final question do we really *know* that VS 4 is discounting closed accounts? We've never been sure of that even on VS 3 AFAIK because Credit Karma and others are not reference AT ALL for the actual model and I don't think any of the CRAs have disclosed publicly?
The only source I found that definitively says yes to this is a 2014 article from DoctorOfCredit.com (https://www.doctorofcredit.com/how-average-age-of-accounts-is-calculated-affects-your-credit-score/). Back then 3.0 was the latest version of VantageScore. I'm not sure what DoC's source was, and VS themselves don't appear to be saying. My VS 3.0 scores did drop when I closed my oldest account, a Credit One card that had an annual fee with no benefits, but a new card also reported for me at the same time.
I thought I had read that VS4 was not counting closed accounts towards AAoA, but I might have been wrong about that.
Even with the lack of confirmed data, I believe it's still worth it to act as if closed accounts do not help VantageScores.
I guess it doesn't really matter one way or the other: the credit file is the credit file, VS gonna VS just like FICO gonna FICO.
Re: DoC, sometimes their sources are this forum, so I don't really count an uncredited article there as reference FWIW.
Pretty sure this upcoming mortgage will be sorted on the traditional tri-merge, by the time I look at anything else VS4 will probably be available somewhere easily. Don't know why CK hasn't switched yet actually.
