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I had a 6% to 5% aggregate utilization change on the same 3 of 4 cards reporting a balance - $1688 to $1236, or -$452.
I gained 1 point from 56 to 55. Same 2 red flags.
[DELETED Previous August 13th Leaderboard]
When all my cards reported 0, my Resilience Score improved from 56 with 2 flags last month to 43 with no flags this month, however, my FICO8 scores went down:
@tacpoly wrote:When all my cards reported 0, my Resilience Score improved from 56 with 2 flags last month to 43 with no flags this month, however, my FICO8 scores went down:
That's impressive. My index went up 1 point to 65 because my CSP credit card showed a 50%($2538/5000) utilization on my 8/13 report. However, it's currently at $350 or so, with overall Credit Utilization at about 2.8%. On top of that, my auto refi will show about $6K or $2K left in principal when Wells Fargo reports EOM. 8/13 report showed a balance of $16.1K(Orginal refi loan was $20.4K) on that auto refi. Hopefully, this will send my FICO scores through the moon on the 9/13 report and send my Stress Indicator #'s tumbling.
@tacpoly wrote:When all my cards reported 0, my Resilience Score improved from 56 with 2 flags last month to 43 with no flags this month, however, my FICO8 scores went down:
@tacpoly Thank you for sharing, that does make sense though because you reduced your monthly obligation to help the resiliency score, but AZ penalty on fico.
@joeyv1985 I will definitely be interested in hearing your results because that will not decrease your monthly auto obligation, but will decrease the total amount owed.
@Anonymous wrote:
@tacpoly wrote:When all my cards reported 0, my Resilience Score improved from 56 with 2 flags last month to 43 with no flags this month, however, my FICO8 scores went down:
@tacpoly Thank you for sharing, that does make sense though because you reduced your monthly obligation to help the resiliency score, but AZ penalty on fico.
@joeyv1985 I will definitely be interested in hearing your results because that will not decrease your monthly auto obligation, but will decrease the total amount owed.
Agree. I'm torn on how long I should have this car loan open. I can pay it off now, but part of me wants to stretch this refi to at least the 1 year anniversary in Mid November for scoring purposes. No big purchases on the horizon so I don't mind a pullback in my score once I hit my target.
EQ FICO Resilience Index Leaderboard as of August 14, 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 new Gold Key Winner @Anonymous to the board with a score of 40!
@tacpoly makes an impressive move from 56 Moderate to 43 Resilient!
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.
This Resilience Index score is included with a myFICO subscription. It will be shown on the dashboard.
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 | ||
Dogbert | 76 |
MEMBER NAME | SCORES | RED | HIGH | DATE |
RESILIENT [1-44] | ||||
GOLD KEY WINNERS | ||||
JWD1980 | 40 | 0 | 40 | |
Throckmorton's Wife | 40 | ? | 40 | |
LaHossBoss* | 43 | 0 | 41 | |
tacpoly | 43 | 0 | 43 | |
MODERATE [45-59] | ||||
FireMedic1 | 45 | 2 | 45 | |
PicoFico | 45 | 2 | 45 | |
EW800 | 46 | 2 | 46 | |
Thomas_Thumb | 48 | 2 | 48 | |
Tonya-E | 47 | 2 | 47 | |
Trudy | 49 | 2 | 49 | |
sjt | 51 | 2 | 47 | |
Chris865 [OP] | 52 | 2 | 52 | |
LaHossBoss SO | 52 | 2 | 52 | |
angelwingz | 53 | 2 | 53 | |
KLEXH25 | 53 | 2 | 53 | |
CassieCard | 55 | 2 | 53 | |
Dumbee | 56 | 2 | 56 | |
Flyingifr | 56 | 2 | 56 | |
kilroy8 | 56 | ? | 56 | |
TMB_ | 56 | 2 | 56 | |
CreditObsessedinFL | 58 | 2 | 56 | |
sarge12 | 59 | 2 | 59 | |
SENSITIVE [60-69] | ||||
Birdman7 | 60 | 2 | 60 | |
Brian_Earl_Spilner | 61 | 2 | 61 | |
NRB525 | 63 | 2 | 63 | |
Remedios | 63 | 2 | 63 | |
KEEPER OF THE GOLDEN SWORD | ||||
Dogbert* | 64 | 2 | 64 | |
joeyv1985 | 65 | 2 | 64 | |
Revelate | 65 | 2 | 63 | |
RehabbingANDBlabbing | 66 | 2 | 66 | |
VERY SENSITIVE [70-99] | ||||
Kenro* | 72 | ? | 72 | |
GOLDEN CHALICE WINNER | ||||
K-in-Boston | 72 | 3 | 72 |
* FORMER AWARD WINNERS * |
MEMBER NAME | AWARD | TROPHY | FOR | DATE |
Dogbert | GOLDEN CHALICE | Lowest rating: 76 | ||
Kenro | GOLDEN CHALICE | Lowest rating: 72 | ||
Kenro | GOLDEN SWORD | Record Low Rating: 72 | ||
LaHossBoss | GOLD KEY | Highest rating: 41 |
All awards are from this game: Adventure (1980) (Atari 2600) Level 1 play through
I'm still at 51. I thought it would go back down to 47 since I only have one card reporting a small balance (less than 1%). Reason codes are the same, 1) Amount of credit available and 2) Too many open revolving accounts.
@joeyv1985 wrote:
@Anonymous wrote:
@tacpoly wrote:When all my cards reported 0, my Resilience Score improved from 56 with 2 flags last month to 43 with no flags this month, however, my FICO8 scores went down:
@tacpoly Thank you for sharing, that does make sense though because you reduced your monthly obligation to help the resiliency score, but AZ penalty on fico.
@joeyv1985 I will definitely be interested in hearing your results because that will not decrease your monthly auto obligation, but will decrease the total amount owed.
Agree. I'm torn on how long I should have this car loan open. I can pay it off now, but part of me wants to stretch this refi to at least the 1 year anniversary in Mid November for scoring purposes. No big purchases on the horizon so I don't mind a pullback in my score once I hit my target.
I'm sort of in the same situation, I have an auto loan which will be paid in about a year. I was thinking about paying it off but decided not too for score purposes and the interest I would save would not be significant.
@sjt wrote:I'm still at 51. I thought it would go back down to 47 since I only have one card reporting a small balance (less than 1%). Reason codes are the same, 1) Amount of credit available and 2) Too many open revolving accounts.
@sjt If you don't mind sharing 1) What is your amount of credit available, and is it too high, or too low 2) How many open revolving accounts do you have. Finally, 3) Have you or others shared enough data points to get an idea of what this index considers ideal for these data points. It would be nice to know what both need to be for maximizing all the data points. I do not know why, but somehow I think the very things that make my fico 08 scores easy to keep high, works against this score. Namely 20 or so credit cards, about 250k in limits, and very low utilization on all cards,except 1.