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FICO Score Stress Indicators/Indexes

Tonya-E
Established Contributor

Re: FICO Resilience Index - a new nonsense number

Update on my end...not one change on my index score. I paid off my car (already planned) and it made no difference though one of my factors was installment loans. I have my student loan (which currently shows 0 payment due b/c of the pandemic) and our house left. I have a "high revolving account balance" with 2k outstanding on one card. The limit on the card is 21.5k. I am using 2% of my overall limits. I think 48 is where I will sit unless paying off the card does anything in the next couple of months. I guess the 5% they notate means 5% of one card. We shall see once I pay it down. I just disregard this score unless it begins to factor into creditworthiness in the future (if it's not already). I can't help but be inquisitive though!9C9E3B0A-5A26-4BFF-80C4-5017B0EA9AA6.jpeg

 


 

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 431 of 1,053
CassieCard
Senior Contributor

Re: FICO Score Stress Indicators/Indexes

Deleted table.

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 432 of 1,053
KLEXH25
Valued Contributor

Re: FICO Score Stress Indicators/Indexes


@CassieCard wrote:

EQ FICO Resilience Index - Leaderboard as of July 26, 2020

Breaking News

K-in-Boston STILL holds The Golden Chalice! even though Kenro also has a 72. Because 3 FLAGS beats a question mark!

 

Dogbert is still KEEPER of The Golden Sword! for having the lowest/highest/worst/best score ever!

 

FICO issued a press release about this score and it triggered a flurry of articles in the mainstream press. The Washington Post published an article about this 'new score'. Plenty more articles on Google here. Lots of article authors are wondering if/when consumers will be able to obtain their score. lol The first score was submitted to this thread on March 29, 2020.

 

And as always - lower rating (higher number) doesn't mean that person has a bad credit profile in any way. This score is really sensitive to balance amounts and it doesn't matter if you have a 600 or 850.

 

RECORD HOLDER
& KEEPER OF
THE GOLDEN SWORD!

golden_sword.png

EQ FICO RESILIENCE INDEX

Dogbert

76

04-03-2020

 

MEMBER NAME
* denotes former award winner
see bottom of post

SCORES

RED
FLAGS

HIGH
SCORE

DATE
Click for Individual Profile Data

RESILIENT [1-44]

GOLD KEY WINNER

gold_key.png

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

Thomas_Thumb

48

2

48

04-07-2020

Tonya-E

48

2

48

07-22-2020

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

56

2

53

07-10-2020

Dumbee

56

2

56

07-01-2020

Flyingifr

56

2

56

07-21-2020

kilroy8

56

?

56

06-11-2020

TMB_

56

2

56

06-01-2020

tacpoly

57

2

46

07-15-2020

CreditObsessedinFL

58

2

56

07-17-2020

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

KEEPER OF THE GOLDEN SWORD

golden_sword.png

Dogbert*

64

2

64

06-25-2020

joeyv1985

64

2

64

07-13-2020

Revelate

65

2

63

06-14-2020

RehabbingANDBlabbing

66

2

66

03-29-2020

VERY SENSITIVE [70-99]

Kenro*

72

?

72

05-03-2020

GOLDEN CHALICE WINNER

golden_chalice.png

K-in-Boston

72

3

72

07-03-2020

 

* FORMER AWARD WINNERS *

MEMBER NAME

AWARD

TROPHY

FOR

DATE
Click for Individual Profile Data

Dogbert

GOLDEN CHALICE

golden_chalice.png

Lowest rating: 76

04-03-2020

Kenro

GOLDEN CHALICE

golden_chalice.png

Lowest rating: 72

05-03-2020

Kenro

GOLDEN SWORD

golden_sword.png

Record Low Rating: 72

05-03-2020

LaHossBoss

GOLD KEY

gold_key.png

Highest rating: 41

04-17-2020

 

All awards are from this game: Adventure (1980) (Atari 2600) Level 1 play through 


I know I'm late to this thread, but this post by @CassieCard is spectacular 😆

 

My rating is a 53. I have about 78% of my auto loan left ($11,660) and low utilization on my cards ($25 balance out of $35,600 total). No mortgage or other types of accounts. My two flags are:

1. High Installment Balance

2. Short Credit History 





Message 433 of 1,053
CassieCard
Senior Contributor

Re: FICO Score Stress Indicators/Indexes


@KLEXH25 wrote:

I know I'm late to this thread, but this post by @CassieCard is spectacular 😆

 

My rating is a 53. I have about 78% of my auto loan left ($11,660) and low utilization on my cards ($25 balance out of $35,600 total). No mortgage or other types of accounts. My two flags are:

1. High Installment Balance

2. Short Credit History 


Thanks @KLEXH25 ! I'll post a new table and link your row back to this post.

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 434 of 1,053
CassieCard
Senior Contributor

Re: FICO Score Stress Indicators/Indexes

EQ FICO Resilience Index

Leaderboard as of July 26, 2020

Breaking News

K-in-Boston STILL holds The Golden Chalice! even though Kenro also has a 72. Because 3 FLAGS beats a question mark!

 

Dogbert is still KEEPER of The Golden Sword! for having the lowest/highest/worst/best score ever!

 

Welcome @KLEXH25 to the board!

 

FICO issued a press release about this score and it triggered a flurry of articles in the mainstream press. The Washington Post published an article about this 'new score'. Plenty more articles on Google here. Lots of article authors are wondering if/when consumers will be able to obtain their score. lol The first score was submitted to this thread on March 29, 2020.

 

And as always - lower rating (higher number) doesn't mean that person has a bad credit profile in any way. This score is really sensitive to balance amounts and it doesn't matter if you have a 600 or 850.

 

RECORD HOLDER
& KEEPER OF
THE GOLDEN SWORD!

golden_sword.png

EQ FICO RESILIENCE INDEX

Dogbert

76

04-03-2020

 

MEMBER NAME
* denotes former award winner
see bottom of post

SCORES

RED
FLAGS

HIGH
SCORE

DATE
Click for Individual Profile Data

RESILIENT [1-44]

GOLD KEY WINNER

gold_key.png

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

Thomas_Thumb

48

2

48

04-07-2020

Tonya-E

48

2

48

07-22-2020

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

KLEXH25

53

2

53

07-26-2020

CassieCard

56

2

53

07-10-2020

Dumbee

56

2

56

07-01-2020

Flyingifr

56

2

56

07-21-2020

kilroy8

56

?

56

06-11-2020

TMB_

56

2

56

06-01-2020

tacpoly

57

2

46

07-15-2020

CreditObsessedinFL

58

2

56

07-17-2020

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

KEEPER OF THE GOLDEN SWORD

golden_sword.png

Dogbert*

64

2

64

06-25-2020

joeyv1985

64

2

64

07-13-2020

Revelate

65

2

63

06-14-2020

RehabbingANDBlabbing

66

2

66

03-29-2020

VERY SENSITIVE [70-99]

Kenro*

72

?

72

05-03-2020

GOLDEN CHALICE WINNER

golden_chalice.png

K-in-Boston

72

3

72

07-03-2020

 

* FORMER AWARD WINNERS *

MEMBER NAME

AWARD

TROPHY

FOR

DATE
Click for Individual Profile Data

Dogbert

GOLDEN CHALICE

golden_chalice.png

Lowest rating: 76

04-03-2020

Kenro

GOLDEN CHALICE

golden_chalice.png

Lowest rating: 72

05-03-2020

Kenro

GOLDEN SWORD

golden_sword.png

Record Low Rating: 72

05-03-2020

LaHossBoss

GOLD KEY

gold_key.png

Highest rating: 41

04-17-2020

 

All awards are from this game: Adventure (1980) (Atari 2600) Level 1 play through 

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 435 of 1,053
Charmante
Frequent Contributor

NEW Credit Scoring Index...?

My local news just said FICO has created a new credit scoring index called the Resilliance Index -- in response to the Pandemic -- which scores borrowers on their Spending Habits and rates them from 1 to 99 -- lower being better...

 

Is this true? How's it work?

 

Any details are appreciated!!!

 

P.S.

 

I DON'T SPEND... 99% of ALL my transactions are through ACH via my Checking Account -- I doubt I spend $200 a month on Credit Cards -- how will this affect my rating?

Message 436 of 1,053
Charmante
Frequent Contributor

Re: NEW Credit Scoring Index...?

Um... I guess... None of this makes any sense to me. I feel like a toddler in calculous class... Smiley Sad

Message 437 of 1,053
joeyv1985
Frequent Contributor

Re: NEW Credit Scoring Index...?


@Charmante wrote:

Um... I guess... None of this makes any sense to me. I feel like a toddler in calculous class... Smiley Sad


Hello Charmante,

 

Basically it's a "Stress" test for an individual to see if they can handle a downturn in the economy. Banks like Citi, Chase, Wells Fargo, etc. have a stress a similar test. Keeping your debt low and your payments on time are key. 
Score ranges are listed below. The lower the better. 
1-44 resilient

44-59 moderate
60-69 sensitive
70-99 very sensitive

Message 438 of 1,053
Birdman7
Super Contributor

Re: FICO Score Stress Indicators/Indexes

PSA: Please do not change the name of existing threads, it confuses people. 

-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 439 of 1,053
CassieCard
Senior Contributor

Re: NEW Credit Scoring Index...?


@Charmante wrote:

My local news just said FICO has created a new credit scoring index called the Resilliance Index -- in response to the Pandemic -- which scores borrowers on their Spending Habits and rates them from 1 to 99 -- lower being better...

 

Is this true? How's it work?

 

Any details are appreciated!!!

 

P.S.

 

I DON'T SPEND... 99% of ALL my transactions are through ACH via my Checking Account -- I doubt I spend $200 a month on Credit Cards -- how will this affect my rating?


Hi @Charmante . I think you'll do fine with this score, with that kind of low balance.

 

If you go back a few posts you'll see how 31 others ranked with it, and I can tell you everyone that did poorly on this score can get any card they want at any time.

 

Here's what FICO had to say about it: https://www.fico.com/blogs/fico-resilience-index-now-available-lenders-pilot

 

Pretty much every article on the net took their facts from that press release.

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 440 of 1,053
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