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FICO Score Stress Indicators/Indexes

Birdman7
Super Contributor

Re: FICO 10/10T Changes Could Lower Your Credit Score

@CassieCard misposted so I'm reposting. It says that it's intended to being used in conjunction with those three scores, not that it necessarily draws information from them. So are we to assume it's drawing data from those three algorithms or directly from the credit report?

-Community’s scoring wisdom: Scoring Primer.
-New: MORTGAGE SECTION.
-Negative Reason Codes: CassieCard’s Score Factors.
-Calculate metrics with ccquest’s Workbook.

Clean/Thick/Mature/No New Revolver - 8,9; Clean/Thick/Mature/No New Account - 5/4/2.
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 211 of 1,064
FireMedic1
Super Contributor

Re: FICO 10/10T Changes Could Lower Your Credit Score

Score 45. 2 flags:

High percentage of revolving accounts. Huh? (AZEO)

Short Credit Hx. 18 yrs.avg.

Interesting quote: Our predictive analysis shows that people who use 5% or less of revolving credit may be more resilient in the event of an economic downturn.

Message 212 of 1,064
Throckmorton
Regular Contributor

Re: FICO 10/10T Changes Could Lower Your Credit Score


@FireMedic1 wrote:

Score 45. 2 flags:

High percentage of revolving accounts. Huh? (AZEO)

Short Credit Hx. 18 yrs.avg.

Interesting quote: Our predictive analysis shows that people who use 5% or less of revolving credit may be more resilient in the event of an economic downturn.


I think this is referring to revolving accounts as a percentage of total accounts. My wife has many old student loans and a significantly better index than I do.

Message 213 of 1,064
CassieCard
Senior Contributor

Re: FICO 10/10T Changes Could Lower Your Credit Score


@Birdman7 wrote:

@CassieCardmisposted so I'm reposting. It says that it's intended to being used in conjunction with those three scores, not that it necessarily draws information from them. So are we to assume it's drawing data from those three algorithms or directly from the credit report?


I still can't figure that out. EQ said that on their website about EQ 8, EQ 9, and EQ 5: "...FICO Resilience Index is designed for use in conjunction with FICO Scores 5, 8, and 9...."

 

And now Experian has a PDF product sheet up for it as well:

https://www.experian.com/consumer-information/fico-resilience-index

"Some lenders may use FICO Resilience Index in conjunction with the FICO Score, i.e., in a dual score matrix or as an additional decision key. Other lenders may choose to use FICO Resilience Index to generate an adjusted FICO Score — with adjustment factors tuned to the lender’s view of macroeconomic forecasts."

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 214 of 1,064
Birdman7
Super Contributor

Re: FICO 10/10T Changes Could Lower Your Credit Score

@CassieCard thank you for the clarification.
-Community’s scoring wisdom: Scoring Primer.
-New: MORTGAGE SECTION.
-Negative Reason Codes: CassieCard’s Score Factors.
-Calculate metrics with ccquest’s Workbook.

Clean/Thick/Mature/No New Revolver - 8,9; Clean/Thick/Mature/No New Account - 5/4/2.
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 215 of 1,064
CassieCard
Senior Contributor

Re: FICO Score Stress Indicators/Indexes

EQ FICO Resilience Index - Leaderboard as of June 6, 2020

It's all rainbows, unicorns, comets, and penguins.

 

*Note about this score: Lower rating (higher number) doesn't mean that person has a bad credit profile in any way. We're in Equiland now...

Member Name

Score

Red Flags

Remarks

Throckmorton's Wife

40

?

EQ 8: 829
LaHossBoss

41

0

1 CO - paid, due to drop off CR in next 2-3 months

5 CAs - 1 pfd CA was deleted this month and still waiting on 1 other pfd to delete, but it is still listed in it's entirety on this pull

1 installment loan - 25% bal/$48 mothly payment

3 CCs - at AZEO, <1% aggregate, 3% individual on non-zero bankcard with $10 payment due. 

7 of 11 defaulted SLs and 2 of 5 CAs are reporting "affected by natural/declared disaster"

I am at 75% CCs / 25% installment loans credit mix

$58 in total monthly obligations reported for May 2020

AoOA 18y 5m | AAoA 9y 4m

EQ 8: 605 | EQ 9: 671 | EQ 5: 641

FireMedic1

45

2

EQ 8: 740 | EQ 9: 827
PicoFico

45

2

Rebuild start: 5/15/19
EW800

46

2

850 FICO 8s and 9s
tacpoly

46

2

 
Thomas_Thumb

48

2

Perfect credit profile.
sjt

51

2

Was 52 then 47 now 51. 830+ all FICO 8s
LaHossBoss SO

52

2

Unpaid CAs, SLs defaulted
angelwingz

53

2

EQ 8 770, AAoA 1yr 8mo, Recent account (4mo)
Trudy

54

1

EQ 8 850, EQ 9 850, EQ 5 817, AoOA 24y2m, AAOA 11y10mo
CassieCard

55

2

Was 53. EQ 8 734, EQ 9 739, EQ 5 727, AAoA 1yr2mo, AoOA 2yr5mo, Recent Accounts (2 @ 3mo), 4 cards with 4% on each one, 4% aggr. $587 to $1149 aggr balance with the same 4% aggr

resulted in losing 2 points (53 to 55).

Now homeless and shoplifting for fun and profit.

CreditObsessedinFL

56

2

Up from 58. One of the flags changed from 'age of revolving accounts' to 'number of revolving accounts' as recent account age passed 3mos.
TMB_

56

2

EQ 8: 771
sarge12

59

2

Serving time in a women's prison. Got pardon. Still won't leave. FICO 8s 819+
NRB525

63

2

All FICO 8's 800+. 6% EQ utilization.
Revelate

63

2

EQ 8 826 and EQ 5 799. Putting it on his dating profile because it says 'Sensitive'. It's going to work.
Birdman7

64

2

Sleeping. EQ 8 800, EQ 9 820, EQ 5 788. AoOA 25yr+
RehabbingANDBlabbing

66

2

 
Dumbee

67

?

 
Remedios

67

2

Was 65. Got prison tattoo and it got worse. Long history, very good profile. EQ gonna EQ though.
Kenro

72

?

High 700s across all FICO 8s.

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 216 of 1,064
Remedios
Moderator

Re: FICO Score Stress Indicators/Indexes

Hold my beer, imma gonna apply for something to knock Kenro out of first place. 

 

On a serious note, I have no idea what my resilience score is right now, and unless I pay for a new report, I wont know till July 1st.

I dont feel inclined to pay $20.00 for EQ to tell me i suck. As a reference point, here is my EQ FICO 8 classic 

 

Now excuse me while I rob a lender or 15

 

Screenshot_20200606-090927_myFICO.jpg

 

Undead Danny Trejo looks strangely like dead Danny Trejo, who looks exactly like alive Danny Trejo. Thanks, Netflix!
Message 217 of 1,064
CassieCard
Senior Contributor

Re: FICO Score Stress Indicators/Indexes


@Remedios wrote:

Hold my beer, imma gonna apply for something to knock Kenro out of first place. 

lol first

 

 

On a serious note, I have no idea what my resilience score is right now, and unless I pay for a new report, I wont know till July 1st.

I dont feel inclined to pay $20.00 for EQ to tell me i suck. As a reference point, here is my EQ FICO 8 classic 

 

Now excuse me while I rob a lender or 15

 

Screenshot_20200606-090927_myFICO.jpg

 


I'm surprised it's not this:

angry_eq.png

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 218 of 1,064
Remedios
Moderator

Re: FICO Score Stress Indicators/Indexes

@CassieCard  can it be this 🖕

Undead Danny Trejo looks strangely like dead Danny Trejo, who looks exactly like alive Danny Trejo. Thanks, Netflix!
Message 219 of 1,064
Tonya-E
Established Contributor

Re: FICO Score Stress Indicators/Indexes

Figured I would add my data points.

Score & Red Flags (2)

74FADC97-FDB2-4FB1-8AF2-54FEB49DA85C.jpegD0C54E50-09C1-4B3D-893C-0F592F187524.jpeg

 

I have a 2,140 balance on one card-Citi card (roughly 10%)

The installment loans factored in are my car and mortgage (10% & 79% balance remaining respectively)

 

My student loans are deferred until October so there is no payment being shown to factor in. 

Wallet: Amex BCP-39k| Barclays Rewards MC-26.3k| Citi Thank You Preferred-27.5k| Citi Double Cash-14k| Target MC-11k| Walmart MC-7.5k| Chase Freedom Unlimited Signature-6k


Take the myFICO Fitness Challenge
Message 220 of 1,064
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