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FICO Score Stress Indicators/Indexes

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Super Contributor

Re: FICO Score Stress Indicators/Indexes

@LaHossBoss No, you're absolutely correct. I plead lack of sleep. I was thinking of fico regular scoring. Definitely cares about monthly obligation. It may also care about utilization, too?

For a collection of our current FICO scoring wisdom, updated as we learn, read the following. Watch the revision dates on the bottom of the first 8 posts as they are regularly updated: Link to Scoring Primer.

RIP:







Updated June 2020, unless otherwise noted. I took an HP on EX, will reflect on next update.

(Forgive typos, mobile.)(Everything said is Just IMHO.)

In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? Severity and recency? (clean/dirty), Number of accounts, both open and closed on CRs (thick/thin), AoOA? (aged/nonaged), AOYRA-Age of Youngest Revolving Account (new accounts/no new accounts)? Open/closed loan on CR?
For example, mine is clean/thick/aged/new account, with open loan on record.
If you don't know where you fall, just detail any baddies, your number of open and closed accounts, AoOA, AOYRA and whether you have a loan on record.

For utilization questions, list individual and aggregate utilizations, revolving and installment, please.
Message 301 of 446
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Super Contributor

Re: FICO Score Stress Indicators/Indexes


@Trudy wrote:

@Birdman7 wrote:

@Trudy wrote:

Sounds about right Smiley Indifferent  Increase your debt load exponentially and you can remove that flag.  Sounds like a plan for resiliency if ever I heard of one.


Oh no, @Trudy , Life is not that easy. Once you go get that installment loan the flag will be replaced by high installment balances, just ask @Remedios. I imagine once you pay it down to 9% you can get rid of flags relating to installment. Lol.

 

@CassieCard Well you've done a great job and you've contributed a great deal to the community while doing so! Sure glad you decided to do this. I have enjoyed learning with you and from you.


Oh, I'm aware my friend @Birdman7 , it's my 2nd flag:  High installment loan due that will likely replace it.  And my 1st flag: High % of revolving accounts, well… I have no other choice other than to accept my ranking with this new.fandango.thing. Smiley Tongue

 

At least it’s something we can all try to dissect as this seems to be what drives many of us here anyway.  I'm going to try to bow out although I may use this thread for entertainment purposes going forward until I have some kind of an awakening.

 

And ditto to the @CassieCard mention.  


@Trudy oh no. I won't be dissecting this. That's what I've already been using this thread for is entertainment, LOL. 😉

For a collection of our current FICO scoring wisdom, updated as we learn, read the following. Watch the revision dates on the bottom of the first 8 posts as they are regularly updated: Link to Scoring Primer.

RIP:







Updated June 2020, unless otherwise noted. I took an HP on EX, will reflect on next update.

(Forgive typos, mobile.)(Everything said is Just IMHO.)

In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? Severity and recency? (clean/dirty), Number of accounts, both open and closed on CRs (thick/thin), AoOA? (aged/nonaged), AOYRA-Age of Youngest Revolving Account (new accounts/no new accounts)? Open/closed loan on CR?
For example, mine is clean/thick/aged/new account, with open loan on record.
If you don't know where you fall, just detail any baddies, your number of open and closed accounts, AoOA, AOYRA and whether you have a loan on record.

For utilization questions, list individual and aggregate utilizations, revolving and installment, please.
Message 302 of 446
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Valued Contributor

Re: FICO Score Stress Indicators/Indexes


@LaHossBoss wrote:

Again, I feel like it is more about monthly obligations than the standard scoring stuff like baddies and utilization. this is a gross simplification, of course. "How well someone will do in an economic downturn" sounds like "they will be (un)likely to keep up with their monthly obligations because they are low/high.


I think you're right about the total monthly obligations.

 

Since this is logistic regression, it's really ""How well someone with my profile data did during that economic downturn". The downturn being the Great Recession, and the dataset used for regression is profile data from around that time.

 

They already have data on who 'failed' that stress test, and those profiles no doubt had increasing utilization common to all of them. Probably a lot of 800s in that subset, with high income and great payment history - which we now know, years later, didn't mean much when so many financial executives lost their jobs and probably 100pts on their credit scores.

 

I'm really not surprised that you got a 41 Resilient on this, and it turns out they actually got it perfectly right: you're actively trying to improve your credit profile and are certainly not going to let another derogatory slip in there if you can help it.

Tracking the first year with credit cards: 13 contiguous monthly reports of 28 FICO scores with reason statements for each one.

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

myFICO Premier subscriber since December 2018.

Message 303 of 446
Valued Contributor

Re: FICO Score Stress Indicators/Indexes

ok so this will be an interesting comparison.

 

3 April 2020 - when I pulled my last 3B MF report, it was at 76 - very sensitive.

 

  • High revolving accoun balances
  • high installment loan balances.
  • High percent of revolving accounts

FICO8's were EQ685, TU711, EX693

UTIL 53%

5 cards reported right then as > 75% utilization

 

Only bad on EQ is a 2.5yr old paid collection from vzw that still annoys me. Seems to only affect FICO9 scoring though.

 

I am due to pull my next 3B MF report.  (DW and I share a fam plan so I can't get the monthly updates without paying lots more. MF promised me a monthly family plan at some point - sadly haven't delivered it yet... boooo)

 

  

  
  



RECORD HOLDER
& KEEPER OF
THE GOLDEN SWORD!

golden_sword.png

EQ FICO RESILIENCE INDEX
06-29-2020

Dogbert

76

3

64

04-03-2020

Message 304 of 446
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Valued Contributor

Re: FICO Score Stress Indicators/Indexes

Deleted because reasons.

Tracking the first year with credit cards: 13 contiguous monthly reports of 28 FICO scores with reason statements for each one.

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

myFICO Premier subscriber since December 2018.

Message 305 of 446
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Established Contributor

Re: FICO Score Stress Indicators/Indexes

@CassieCard , sorry, I gave you the wrong resiliency score. It is actually 43

 

 

Screenshot_20200624-235838_myFICO.jpg

 




Starting Score: 2•20 | EQ 550 | TU 498 | EX 505
Current Score: 8•20 | EQ [F8 611] [F9 671] [EQ5 641] [VS3 641] | TU [F8 575] [F9 555] [TU4 537] [VS3 622] | EX [F8 593] [F9 583] [EX2 614] [VS3 611]
Goal Score: 680


Take the myFICO Fitness Challenge

SO Starting Score: 2•20 | EQ 502 | TU 484 | EX 521
SO Current Score: 5•20 | EQ [F8 620] [F9 533] [EQ5 653] [VS3 615] | TU [F8 580] [F9 559] [TU4 561] [VS3 602] | EX [F8 617] [F9 549] [EX2 633] [VS3 613]
Goal Score: 680


Take the myFICO Fitness Challenge



Message 306 of 446
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Valued Contributor

Re: FICO Score Stress Indicators/Indexes


@LaHossBoss wrote:

@CassieCard , sorry, I gave you the wrong resiliency score. It is actually 43

 

 

Screenshot_20200624-235838_myFICO.jpg

 


I love it....and still no red flags.

Tracking the first year with credit cards: 13 contiguous monthly reports of 28 FICO scores with reason statements for each one.

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

myFICO Premier subscriber since December 2018.

Message 307 of 446
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Valued Contributor

Re: FICO Score Stress Indicators/Indexes

 

EQ FICO Resilience Index - Leaderboard as of June 24, 2020

We have a new winner! @Dogbert has been awarded The Golden Chalice!

 

*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

High
Score

Date Posted
Click for Individual Profile Data

RESILIENT [1-44]

Throckmorton's Wife

40

?

40

05-07-2020

LaHossBoss

43

0

41

06-17-2020

MODERATE [45-59]

FireMedic1

45

2

45

06-05-2020

PicoFico

45

2

45

04-30-2020

EW800

46

2

46

05-01-2020

tacpoly

47

2

46

06-14-2020

Thomas_Thumb

48

2

48

04-07-2020

Tonya-E

48

2

48

06-06-2020

Trudy

49

2

49

06-12-2020

sjt

51

2

47

05-14-2020

Chris865 [OP]

52

2

52

05-23-2020

LaHossBoss SO

52

2

52

04-18-2020

angelwingz

53

2

53

04-09-2020

CassieCard

54

2

53

06-20-2020

Flyingifr

56

2

56

06-12-2020

TMB_

56

2

56

06-01-2020

CreditObsessedinFL

59

2

56

06-17-2020

sarge12

59

2

59

04-26-2020

SENSITIVE [60-69]

Birdman7

60

2

60

06-21-2020

Brian_Earl_Spilner

61

2

61

06-06-2020

NRB525

63

2

63

04-06-2020

Remedios

63

2

63

06-06-2020

Revelate

65

2

63

06-14-2020

RehabbingANDBlabbing

66

2

66

03-29-2020

Dumbee

67

?

67

05-04-2020

VERY SENSITIVE [70-99]

Kenro

72

?

72

05-03-2020

GOLDEN CHALICE
WINNER'S ROW

golden_chalice.png
Dogbert

76

3!

76

04-03-2020

Tracking the first year with credit cards: 13 contiguous monthly reports of 28 FICO scores with reason statements for each one.

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

myFICO Premier subscriber since December 2018.

Message 308 of 446
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Valued Contributor

Re: FICO Score Stress Indicators/Indexes

Wooooo! Golden chalice!! 

  

  
  



RECORD HOLDER
& KEEPER OF
THE GOLDEN SWORD!

golden_sword.png

EQ FICO RESILIENCE INDEX
06-29-2020

Dogbert

76

3

64

04-03-2020

Message 309 of 446
Highlighted
Valued Contributor

Re: FICO Score Stress Indicators/Indexes

Sadly, I have to relinquish my golden chalice, @CassieCard 

 

Just pulled my new MF 3B - because everything *FINALLY* posted from the various cards to all three CRAs.

 

I'm down to a 64/2 - High percent of revolving accounts and High installment loan balances

 

If you want a good golden chalice winner, give it to @TrixieButton - she and I tie at 76/3... though when she eventually pulls her new quarterly MF 3B, she'll probably lose the chalice as well. 

  

  
  



RECORD HOLDER
& KEEPER OF
THE GOLDEN SWORD!

golden_sword.png

EQ FICO RESILIENCE INDEX
06-29-2020

Dogbert

76

3

64

04-03-2020

Message 310 of 446
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