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FICO Score Stress Indicators/Indexes

CassieCard
Senior Contributor

Re: FICO Score Stress Indicators/Indexes


@Birdman7 wrote:

I was beginning to wonder if I was crazy as well because I did not see it on mobile either. I’ll be looking for it when I refresh.


I'm going to guess your score will be in the 63-66 range.

 

Reasons to include:

1) Sheer number of accounts.

2) Sleep deprivation!

 

Equifax says that up to 5 reasons can be shown. (See EQ links I posted earlier.)

28 FICO Scores + FICO RESilience Index + 3 VS3. MTG (Mortgage), AUT (Auto), and BKC (Bankcard) are scores 5,4, and 2 from the top.

Keeper of the Scrolls of Resilience: EQ FICO Resilience Index Score Leaderboard (59 People!)

Message 41 of 1,053
Birdman7
Super Contributor

Re: FICO Score Stress Indicators/Indexes

😂😂😂

 

If they included sleep deprivation, I think it would ding me a little harder, I think it would definitely be a higher score, LOL!! ☹️😉

-Our Community’s updated scoring wisdom: Link to Scoring Primer.
-For Negative Reason Codes see: CassieCard’s Score Factors thread.
-ccquest’s workbook to calculate metrics for you: Link to Workbook.

Correct Ag.Util. under 5% all times. (Oldest/avg varies. Estimates above.)
Real world mortgage maxes are: EQ5-818, TU4-839, EX2-844.

RIP:

(Everything said is JMHO and is not endorsed by FICO or MF. I have no affiliation with either, just a grateful member.)
Message 42 of 1,053
LaHossBoss
Valued Contributor

MyFICO Resilience Scoring

So I just got this new score regarding credit resiliency

 

I am guessing I am resilient because my scores are so bad nothing can make them worse? Lol joking aside, I guess I should be proud, but not too excited yet because it just may be more bad news in my credit world, and I need to investigate more. 

 

I would love to hear what you all think and how this score reflects on your credit profile.  Also, if anyone knows any more about this and if lenders really will be using something like this, I'd be curious to know. Likely this is new to us all.

 

Thanks!

 

20200417_230022.jpg

 




Starting Score: 2•20 | EQ 550 | TU 498 | EX 505
Current Score: 4•21 | EQ [F8 651] [F9 645] [EQ5 678] [VS3 630] | TU [F8 713] [F9 684] [TU4 721] [VS3 639] | EX [F8 640] [F9 651] [EX2 655] [VS3 625]
Goal Score: 670 [X] TU


Take the myFICO Fitness Challenge

SO Starting Score: 2•20 | EQ 502 | TU 484 | EX 521
SO Current Score: 4•21 | EQ [F8 655] [F9 620] [EQ5 677] [VS3 627] | TU [F8 685] [F9 658] [TU4 639] [VS3 625] [VS4 666] | EX [F8 691] [F9 684] [EX2 658] [VS3 642]
Goal Score: 670 [X] TU [X] EX


Take the myFICO Fitness Challenge



Message 43 of 1,053
Thomas_Thumb
Senior Contributor

Re: MyFICO Resilience Scoring

Congratulations! So far you are the only poster who has listed a score in the resilient rating category.

 

There is a thread on this subject over in General Credit Topics. Link pasted below:

https://ficoforums.myfico.com/t5/General-Credit-Topics/FICO-Score-Stress-Indicators-Indexes/m-p/5962...

 

It would be useful to learn more details about your profile such as:

1) Your average age of accounts (AAoA) and age of oldest account. An AAoA of 8 years or more is best.

2) Your total (aggregate) reported balance on all your credit cards. Not sure about thresholds on this but, under $1500 is likely ok. My aggregate balance was $1050 - no red flag (UT = 1%). One poster had a UT< 5% but a red flag (balance over $4k). Another poster with a red flag had a UT< 3% but a balance over $7k.

 * The resilience score appears to consider aggregate balance in absolute $$ rather strongly (perhaps moreso than revolving utilization).

3) Your monthly payment obligations on all installment loans combined. Again, not sure about the threshold(s) on this. $1830/mo generated a red flag for me but, $1760/mo did not generate a flag for another poster.

4) Your total amount for outstanding loans.The resilience model does not appear to look at aggregate installment B/L ratio (utilization) but might look at aggregate balances in absolute $ terms.

5) Your percentage of accounts that are credit cards. Too high a percent (say over 75%) is a red flag. I had a red flag for 85% of my accounts being CCs. Not sure if the % is based on open accounts only or open + closed accounts. My guess is open only.

6) Your quantity of open and closed loans by type. This model wants to see more than one type of loan on file. Closed loans likely count but, nothing is stated specifically.

 

Side notes:

* Fico 98, Fico 04, Fico 8 and Fico 9 all consider # and/or % of cards with balances but, the EQ resilience score may not.

* Fico 8 puts a lot of emphasis on installment B/L but, the EQ resilience looks at payment obligations and/or outstanding balances in $ amounts only.

* Fico 98, Fico 04, Fico 8 and Fico 9 all put a lot of emphasis on revolving utilization. EQ resilience appears more focused toward aggregate balance in $.

* Late payments, collections and defaults are a big deal with Fico credit scores (these scores represents risk of a 90 day late payment) but, perhaps not as much with the resilience score assuming the lates & collections are paid. From what I can tell, the resilience score assesses ease of a given profile to weathering a job loss assuming nominal savings. If so, it makes sense that payment obligations in dollars are given priority.

Fico 9: .......EQ 850 TU 850 EX 850
Fico 8: .......EQ 850 TU 850 EX 850
Fico 4 .....:. EQ 809 TU 823 EX 830 EX Fico 98: 842
Fico 8 BC:. EQ 892 TU 900 EX 900
Fico 8 AU:. EQ 887 TU 897 EX 899
Fico 4 BC:. EQ 826 TU 858, EX Fico 98 BC: 870
Fico 4 AU:. EQ 831 TU 872, EX Fico 98 AU: 861
VS 3.0:...... EQ 835 TU 835 EX 835
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950
Message 44 of 1,053
LaHossBoss
Valued Contributor

Re: MyFICO Resilience Scoring


@Thomas_Thumb wrote:

Congratulations! So far you are the only poster who has listed a score in the resilient rating category.

 

There is a thread on this subject over in General Credit Topics. Link pasted below:

https://ficoforums.myfico.com/t5/General-Credit-Topics/FICO-Score-Stress-Indicators-Indexes/m-p/5962...

 

It would be useful to learn more details about your profile such as:

1) Your average age of accounts (AAoA) and age of oldest account. An AAoA of 8 years or more is best.

2) Your total (aggregate) reported balance on all your credit cards. Not sure about thresholds on this but, under $1200 appears ok.

 * The resilience score appears to consider aggregate balance in absolute $$ rather strongly (perhaps moreso than revolving utilization).

3) Your monthly payment obligations on all installment loans combined. Again, not sure about the threshold(s) on this. $1830/mo generated a red flag for me but, $1760/mo did not generate a flag for another poster.

4) Your total amount for outstanding loans.The resilience model does not appear to look at aggregate installment B/L ratio (utilization) but might look at aggregate balances in absolute $ terms.

5) Your percentage of accounts that are credit cards. Too high a percent (say over 75%) is a red flag. I had a red flag for 85% of my accounts being CCs. Not sure if the % is based on open accounts only or open + closed accounts. My guess is open only.

6) Your quantity of open and closed loans by type. This model wants to see more than one type of loan on file. Closed loans likely count but, nothing is stated specifically.

 


Thank you. I did not search that thread. I will check it out!




Starting Score: 2•20 | EQ 550 | TU 498 | EX 505
Current Score: 4•21 | EQ [F8 651] [F9 645] [EQ5 678] [VS3 630] | TU [F8 713] [F9 684] [TU4 721] [VS3 639] | EX [F8 640] [F9 651] [EX2 655] [VS3 625]
Goal Score: 670 [X] TU


Take the myFICO Fitness Challenge

SO Starting Score: 2•20 | EQ 502 | TU 484 | EX 521
SO Current Score: 4•21 | EQ [F8 655] [F9 620] [EQ5 677] [VS3 627] | TU [F8 685] [F9 658] [TU4 639] [VS3 625] [VS4 666] | EX [F8 691] [F9 684] [EX2 658] [VS3 642]
Goal Score: 670 [X] TU [X] EX


Take the myFICO Fitness Challenge



Message 45 of 1,053
NRB525
Super Contributor

Re: MyFICO Resilience Scoring

OP do you have a mortgage or auto loan? Or only CC debt?

How much total debt?

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
Message 46 of 1,053
LaHossBoss
Valued Contributor

Re: FICO Score Stress Indicators/Indexes

Proud to be improving my credit, but it did make me laugh that I am considered resilient, but with bad scores lol

 

* 14% Util

* $123456789 in SLs, some in rehab, all reporting defaulted

* 34% balance on Self Lender Installment Loan

* 6 CAs total, all unpaid

* 2 paid COs

* No mortgage

* 3/6 and 4/12 in new TLs

* Inq: 3/12; 3/24 EQ, 1/12; 2/24 TU, 1/12; 1/24 EX

* AoOA 18y 9m

* AAoA 9y 3m

* AoYA 0y 2m

 

20200417_230022.jpg

 




Starting Score: 2•20 | EQ 550 | TU 498 | EX 505
Current Score: 4•21 | EQ [F8 651] [F9 645] [EQ5 678] [VS3 630] | TU [F8 713] [F9 684] [TU4 721] [VS3 639] | EX [F8 640] [F9 651] [EX2 655] [VS3 625]
Goal Score: 670 [X] TU


Take the myFICO Fitness Challenge

SO Starting Score: 2•20 | EQ 502 | TU 484 | EX 521
SO Current Score: 4•21 | EQ [F8 655] [F9 620] [EQ5 677] [VS3 627] | TU [F8 685] [F9 658] [TU4 639] [VS3 625] [VS4 666] | EX [F8 691] [F9 684] [EX2 658] [VS3 642]
Goal Score: 670 [X] TU [X] EX


Take the myFICO Fitness Challenge



Message 47 of 1,053
LaHossBoss
Valued Contributor

Re: MyFICO Resilience Scoring


@LaHossBoss wrote:

@Thomas_Thumb wrote:

Congratulations! So far you are the only poster who has listed a score in the resilient rating category.

 

There is a thread on this subject over in General Credit Topics. Link pasted below:

https://ficoforums.myfico.com/t5/General-Credit-Topics/FICO-Score-Stress-Indicators-Indexes/m-p/5962...

 

It would be useful to learn more details about your profile such as:

1) Your average age of accounts (AAoA) and age of oldest account. An AAoA of 8 years or more is best.

2) Your total (aggregate) reported balance on all your credit cards. Not sure about thresholds on this but, under $1200 appears ok.

 * The resilience score appears to consider aggregate balance in absolute $$ rather strongly (perhaps moreso than revolving utilization).

3) Your monthly payment obligations on all installment loans combined. Again, not sure about the threshold(s) on this. $1830/mo generated a red flag for me but, $1760/mo did not generate a flag for another poster.

4) Your total amount for outstanding loans.The resilience model does not appear to look at aggregate installment B/L ratio (utilization) but might look at aggregate balances in absolute $ terms.

5) Your percentage of accounts that are credit cards. Too high a percent (say over 75%) is a red flag. I had a red flag for 85% of my accounts being CCs. Not sure if the % is based on open accounts only or open + closed accounts. My guess is open only.

6) Your quantity of open and closed loans by type. This model wants to see more than one type of loan on file. Closed loans likely count but, nothing is stated specifically.

 


Thank you. I did not search that thread. I will check it out!


@NRB525 

 

I will post this info in the main thread




Starting Score: 2•20 | EQ 550 | TU 498 | EX 505
Current Score: 4•21 | EQ [F8 651] [F9 645] [EQ5 678] [VS3 630] | TU [F8 713] [F9 684] [TU4 721] [VS3 639] | EX [F8 640] [F9 651] [EX2 655] [VS3 625]
Goal Score: 670 [X] TU


Take the myFICO Fitness Challenge

SO Starting Score: 2•20 | EQ 502 | TU 484 | EX 521
SO Current Score: 4•21 | EQ [F8 655] [F9 620] [EQ5 677] [VS3 627] | TU [F8 685] [F9 658] [TU4 639] [VS3 625] [VS4 666] | EX [F8 691] [F9 684] [EX2 658] [VS3 642]
Goal Score: 670 [X] TU [X] EX


Take the myFICO Fitness Challenge



Message 48 of 1,053
LaHossBoss
Valued Contributor

Re: FICO Score Stress Indicators/Indexes

It would be useful to learn more details about your profile such as:

1) Your average age of accounts (AAoA) and age of oldest account. An AAoA of 8 years or more is best.

 

* AAoA 9y 3m

* AoOA 18y 9m

 

2) Your total (aggregate) reported balance on all your credit cards. Not sure about thresholds on this but, under $1500 is likely ok. My aggregate balance was $1050 - no red flag (UT = 1%). One poster had a UT< 5% but a red flag (balance over $4k). Another poster with a red flag had a UT< 3% but a balance over $7k.

 * The resilience score appears to consider aggregate balance in absolute $$ rather strongly (perhaps moreso than revolving utilization).

 

* $223 total reported balance across revolvers (14% util of $1550 total revolving credit)

* 2 of 3 revolvers are store cards. My 1 bank card has $12 reported balance (4% util of $300 credit limit - not secured card)

 

3) Your monthly payment obligations on all installment loans combined. Again, not sure about the threshold(s) on this. $1830/mo generated a red flag for me but, $1760/mo did not generate a flag for another poster.

 

* Good question. All SLs are defaulted (some in rehab). Roughly $1k/mo at standard repayment.

* $48/mo for SSL installment loan

 

4) Your total amount for outstanding loans.The resilience model does not appear to look at aggregate installment B/L ratio (utilization) but might look at aggregate balances in absolute $ terms.

 

* $114k in SLs (all well over 100% util on every single one)

* $234 reported bal on SSL (34% util)

 

5) Your percentage of accounts that are credit cards. Too high a percent (say over 75%) is a red flag. I had a red flag for 85% of my accounts being CCs. Not sure if the % is based on open accounts only or open + closed accounts. My guess is open only.

 

* Open only accounts: 20%

* Open & Closed accounts: 15.6%

 

6) Your quantity of open and closed loans by type. This model wants to see more than one type of loan on file. Closed loans likely count but, nothing is stated specifically.

 

* 23 SLs: 11 open, 12 closed

* 1 SSL, open

* 1 PL, closed

* 1 Auto loan, closed

 

Side notes:

* Fico 98, Fico 04, Fico 8 and Fico 9 all consider # and/or % of cards with balances but, the EQ resilience score may not.

* Fico 8 puts a lot of emphasis on installment B/L but, the EQ resilience looks at payment obligations and/or outstanding balances in $ amounts only.

* Fico 98, Fico 04, Fico 8 and Fico 9 put a lot of emphasis on revolving utilization. EQ resilience appears more focused toward aggregate balance in $.

* Late payments and collections are a big deal with Fico credit scores (which reflect risk of a 90 day late payment) but, perhaps not as much with the resilience score given they have been paid. From what I can tell, the resilience score assesses ease of a given profile to weathering a job loss assuming nominal savings. If so, it makes sense that payment obligations in dollars are given priority.

 

* other info, regarding baddies, etc., in my post above this one.

 

I hope this helps you figure out what they are looking for!

 

I have zero red flags

Screenshot_20200418-020701_myFICO.jpg

 




Starting Score: 2•20 | EQ 550 | TU 498 | EX 505
Current Score: 4•21 | EQ [F8 651] [F9 645] [EQ5 678] [VS3 630] | TU [F8 713] [F9 684] [TU4 721] [VS3 639] | EX [F8 640] [F9 651] [EX2 655] [VS3 625]
Goal Score: 670 [X] TU


Take the myFICO Fitness Challenge

SO Starting Score: 2•20 | EQ 502 | TU 484 | EX 521
SO Current Score: 4•21 | EQ [F8 655] [F9 620] [EQ5 677] [VS3 627] | TU [F8 685] [F9 658] [TU4 639] [VS3 625] [VS4 666] | EX [F8 691] [F9 684] [EX2 658] [VS3 642]
Goal Score: 670 [X] TU [X] EX


Take the myFICO Fitness Challenge



Message 49 of 1,053
CassieCard
Senior Contributor

Re: FICO Score Stress Indicators/Indexes


@LaHossBoss wrote:

Proud to be improving my credit, but it did make me laugh that I am considered resilient, but with bad scores lol


That's a very interesting report, @LaHossBoss !

 

From FICO: "We looked for patterns in consumers' profiles who ended up missing or making payments in the Great Recession."

 

It looks like there was a rather large percentage of people with derogatories who at least didn't do more damage to their credit profile, around the time of the Great Recession.

 

I'm going to guess that a lot of people with your profile were paying closer attention to making payments on time.

28 FICO Scores + FICO RESilience Index + 3 VS3. MTG (Mortgage), AUT (Auto), and BKC (Bankcard) are scores 5,4, and 2 from the top.

Keeper of the Scrolls of Resilience: EQ FICO Resilience Index Score Leaderboard (59 People!)

Message 50 of 1,053
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