Credit.com starting new monitoring product

[Anonymous]

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@randomguy1 wrote:

With MyFico can it update even with locks?

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@randomguy1All my CMSs update without unfrezing.

[FlaDude]

For those of us that signed up when it first started, new TU and Ex scores are available today. My FICO 9 scores went down (15 and 17 points) while my 8s went up (2 and 8 points). The main difference that I see on my report is that I had been doing AZEO, this month one revolver and one charge card reported a balance. My understanding is that FICO 8 doesn't count charge cards in the AZEO calc, maybe FICO 9 does.

I also have a most recent account age of 12 months, so I'm not sure if that brings an increase or if that will happen when it goes to 13 months.

Other than that I'm just paying down 4 loans.

[Anonymous]

@FlaDude Charge cards count towards number of accounts with a balance in score 8. But the utilization does not count.

On version 8 you get your points back at 12 months, on the first of the month.

[FlaDude]

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@Anonymous wrote:

@FlaDude Charge cards count towards number of accounts with a balance in score 8. But the utilization does not count.

On version 8 you get your points back at 12 months, on the first of the month.

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Thanks, I'll be more careful with AZEO next month and see what happens.

[Anonymous]

Depending on how many cards you have, there may not be a difference between AZEO and AZE2. Keep that in mind, because I don’t know anything about your profile.

And remember, AZEO is primarily for the mortgage scores.

[FlaDude]

I've got 9 bank revolvers, 2 charge, 2 sync cards, well aged profile (see siggy).

I haven't pulled my ACRs but just going from what I can see on the credit.com report, the changes for the month are:

AZEO to AZE2

most recent account hitting 12 months

Regular monthly payments on 4 loans (2 car, 2 unsecured) that did not cross any thresholds.

TU scores made the changes below, Ex and EQ similar with FICO 8s going up a little, 9s taking a good size drop, older scores mixed.

[Anonymous]

@FlaDude I apologise I didn’t even look at your signature. No caffeine, no sleep, so excuse me.

Yeah you’ve got enough cards that one less shouldn't make much of a difference to F8, but it is very interesting that version 9 many times seems to go to the opposite direction than it should. It’s an enigma.

When did/does your youngest revolver turn 12 months of age?

Yes, you’re in a clean/thick/aged profile. The only question is whether it’s a new account profile or no new account profile, depending on whether the youngest revolver has crossed the 12 month line for version 8 yet.

You should see significant points for that.

[FlaDude]

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@Anonymous wrote:

Yeah you’ve got enough cards that one less shouldn't make much of a difference to F8, but it is very interesting that version 9 many times seems to go to the opposite direction than it should. It’s an enigma.

When did/does your youngest revolver turn 12 months of age?

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My youngest account shows 1 year, 0 months old on Credit.com, CK shows it being opened on 8/12/19, so technically a few days shy of 1 year. I want to get the United Explorer card because it is back up to 60k SUB, but I also want to hold off until my scores reflect no new accounts just to see where that lands me. The SUB offer runs to the end of September so hopefully the newest account will fully reflect over 1 year by then. And of course new cards  can take a bit of time to show up on the report so that should help. I'm not sure if Chase is always an HP for new accounts or not, I've got 25 year positive history with them so I don't know if I'll get an INQ or not.

I thought I had read that FICO 9 uses trended data unlike 8 which has no util memory, but that wouldn't explain the drop either.

[Anonymous]

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@FlaDude wrote:

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@Anonymous wrote:

Yeah you’ve got enough cards that one less shouldn't make much of a difference to F8, but it is very interesting that version 9 many times seems to go to the opposite direction than it should. It’s an enigma.

When did/does your youngest revolver turn 12 months of age?

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My youngest account shows 1 year, 0 months old on Credit.com, CK shows it being opened on 8/12/19, so technically a few days shy of 1 year. I want to get the United Explorer card because it is back up to 60k SUB, but I also want to hold off until my scores reflect no new accounts just to see where that lands me. The SUB offer runs to the end of September so hopefully the newest account will fully reflect over 1 year by then. And of course new cards  can take a bit of time to show up on the report so that should help. I'm not sure if Chase is always an HP for new accounts or not, I've got 25 year positive history with them so I don't know if I'll get an INQ or not.

I thought I had read that FICO 9 uses trended data unlike 8 which has no util memory, but that wouldn't explain the drop either.

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@FlaDude They go by the first of the month of the month they were opened, so it turned a year old on the first of this month and you should've seen a score increase then, if that is your youngest revolver.

I have never heard of Chase not being at HP. 

No version 9 does not use trended data, that does not begin until version 10 and then only in the 10T version. So version 9 has no utilisation memory. 

[FlaDude]

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@Anonymous wrote:

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@FlaDude They go by the first of the month of the month they were opened, so it turned a year old on the first of this month and you should've seen a score increase then, if that is your youngest revolver.

I have never heard of Chase not being at HP. 

No version 9 does not use trended data, that does not begin until version 10 and then only in the 10T version. So version 9 has no utilisation memory. 

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Thanks for your help and info. At this point I'll just need to wait until next month and see if things bounce back when I do full AZEO.