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FICO Score Stress Indicators/Indexes

Anonymous
Not applicable

Re: FICO Score Stress Indicators/Indexes

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.

 

eq_resilience_index-55-08_11_2020.png

Message 451 of 1,094
Anonymous
Not applicable

Re: FICO Score Stress Indicators/Indexes

[DELETED Previous August 13th Leaderboard]

Message 452 of 1,094
tacpoly
Established Contributor

Re: FICO Score Stress Indicators/Indexes

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:

Screen Shot 2020-08-14 at 3.20.50 PM.png

 

Screen Shot 2020-08-14 at 3.19.00 PM.png

 

Screen Shot 2020-08-14 at 3.18.35 PM.png

Message 453 of 1,094
joeyv1985
Frequent Contributor

Re: FICO Score Stress Indicators/Indexes


@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:

Screen Shot 2020-08-14 at 3.20.50 PM.png

 

Screen Shot 2020-08-14 at 3.19.00 PM.png

 

Screen Shot 2020-08-14 at 3.18.35 PM.png


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. 

Message 454 of 1,094
Birdman7
Super Contributor

Re: FICO Score Stress Indicators/Indexes


@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:

Screen Shot 2020-08-14 at 3.20.50 PM.png

 

Screen Shot 2020-08-14 at 3.19.00 PM.png

 

Screen Shot 2020-08-14 at 3.18.35 PM.png


@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.

-Scoring wisdom: Credit Scoring Primer, Payment History, Amount of Debt, Length of History/New Credit, Mix/Disputes/Freezes/Searches, Mortgage Scores/Negative Reason Codes/V.9, Helpful Links,
Anonymous’s Reason Statements Thread,
iv's friendly statement to reason statement concordance,

ccquest’s Workbook to calculate metrics.
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.




(Everything said is JMHO and is not endorsed by FICO or MF. I have no affiliation with either, just a grateful member.)
Message 455 of 1,094
joeyv1985
Frequent Contributor

Re: FICO Score Stress Indicators/Indexes


@Birdman7 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:

Screen Shot 2020-08-14 at 3.20.50 PM.png

 

Screen Shot 2020-08-14 at 3.19.00 PM.png

 

Screen Shot 2020-08-14 at 3.18.35 PM.png


@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. 

Message 456 of 1,094
Anonymous
Not applicable

Re: FICO Score Stress Indicators/Indexes

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 @JWD1980 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
& KEEPER OF
THE GOLDEN SWORD!

The Golden Sword

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 WINNERS

gold_key.png

JWD1980

40

0

40

07-26-2020

Throckmorton's Wife

40

?

40

05-07-2020

LaHossBoss*

43

0

41

06-17-2020

tacpoly

43

0

43

08-14-2020

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

47

2

47

08-07-2020

Trudy

49

2

49

06-12-2020

sjt

51

2

47

08-17-2020

Chris865 [OP]

52

2

52

05-23-2020

LaHossBoss SO

52

2

52

08-08-2020

angelwingz

53

2

53

04-09-2020

KLEXH25

53

2

53

07-26-2020

CassieCard

55

2

53

08-11-2020

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

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

The Golden Sword

Dogbert*

64

2

64

06-25-2020

joeyv1985

65

2

64

08-14-2020

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

The Golden Chalice

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

The Golden Chalice

Lowest rating: 76

04-03-2020

Kenro

GOLDEN CHALICE

The Golden Chalice

Lowest rating: 72

05-03-2020

Kenro

GOLDEN SWORD

The Golden Sword

Record Low Rating: 72

05-03-2020

LaHossBoss

GOLD KEY

Gold Key

Highest rating: 41

04-17-2020

 

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

Message 457 of 1,094
sjt
Senior Contributor

Re: FICO Score Stress Indicators/Indexes

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.

 

 

American Express: Platinum Charge, Optima, Business Gold, Delta Business Platinum, Business Cash
Barclays: Arrival+ WEMC
Capital One: Savor WEMC, Venture VS
Chase: Freedom U VS, CSR VI
Citibank: AAdvantage Platinum WEMC
Elan/US Bank: Fidelity VS
Credit Union: Rewards Visa
FICO 08: (3.04.21) EX: 838 / EQ: 850 / TU: 848
Message 458 of 1,094
sjt
Senior Contributor

Re: FICO Score Stress Indicators/Indexes


@joeyv1985 wrote:

@Birdman7 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:

Screen Shot 2020-08-14 at 3.20.50 PM.png

 

Screen Shot 2020-08-14 at 3.19.00 PM.png

 

Screen Shot 2020-08-14 at 3.18.35 PM.png


@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.


American Express: Platinum Charge, Optima, Business Gold, Delta Business Platinum, Business Cash
Barclays: Arrival+ WEMC
Capital One: Savor WEMC, Venture VS
Chase: Freedom U VS, CSR VI
Citibank: AAdvantage Platinum WEMC
Elan/US Bank: Fidelity VS
Credit Union: Rewards Visa
FICO 08: (3.04.21) EX: 838 / EQ: 850 / TU: 848
Message 459 of 1,094
sarge12
Valued Contributor

Re: FICO Score Stress Indicators/Indexes


@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.

TU fico08=842 05/20/21
EX fico08=830 06/04/21
EQ fico09=835 06/01/21
EX fico09=824 05/05/21
EQ fico bankcard08=856 05/25/21
TU Fico Bankcard 08=881 05/23/21
EQ NG1 fico=802 04/17/21
EQ Resilience index score=58 03/09/21
Unknown score from EX=784 used by Cap1 07/10/20
Message 460 of 1,094
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