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FICO Score Stress Indicators/Indexes

sarge12
Valued Contributor

Re: FICO Score Stress Indicators/Indexes


@sjt wrote:

@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.



But could that not be the real reason for this new score? I always wonder when I see something new added that actually influences people to change their credit decisions about paying debt down, could that not be the objective for this score?

TU fico08=831 03/29/21
EX fico08=830 04/13/21
EQ fico09=840 04/01/21
EX fico09=828 04/03/21
EQ fico bankcard08=858 03/23/21
TU Fico Bankcard 08=862 03/29/21
EQ NG1 fico=802 01/21/21
EQ Resilience index score=58 03/09/21
Unknown score from EX=784 used by Cap1 07/10/20
Message 461 of 1,053
sjt
Senior Contributor

Re: FICO Score Stress Indicators/Indexes


@sarge12 wrote:


But could that not be the real reason for this new score? I always wonder when I see something new added that actually influences people to change their credit decisions about paying debt down, could that not be the objective for this score?


Well if I had a choice between a higher FICO vs a lower Resilience score, I'd choose the FICO. 

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 462 of 1,053
LaHossBoss
Valued Contributor

Re: FICO Score Stress Indicators/Indexes

@CassieCard 

 

SO 3B pull resulted in an increase in resilency score (bad lol).

 

He went from 52 >>> 55

 

I assume this is because he added a new CC/revolver and lowered his AAoA further on EQ. His Self lender installment loan did hit 50% paid off, but I am not sure that is reflected yet on EQ or matters.

 

Same 2 red flags as last month:

 

Installment loan balances too high

 

Missed payments

 

My resiliency score stayed the same this month:

 

43 >>> 43

 

no new changes in EQ report and still no flags




Starting Score: 2•20 | EQ 550 | TU 498 | EX 505
Current Score: 4•21 | EQ [F8 651] [F9 645] [EQ5 678] [VS3 630] | TU [F8 713] [F9 684] [TU4 721] [VS3 639] | EX [F8 640] [F9 651] [EX2 655] [VS3 625]
Goal Score: 670 [X] TU


Take the myFICO Fitness Challenge

SO Starting Score: 2•20 | EQ 502 | TU 484 | EX 521
SO Current Score: 4•21 | EQ [F8 655] [F9 620] [EQ5 677] [VS3 627] | TU [F8 685] [F9 658] [TU4 639] [VS3 625] [VS4 666] | EX [F8 691] [F9 684] [EX2 658] [VS3 642]
Goal Score: 670 [X] TU [X] EX


Take the myFICO Fitness Challenge



Message 463 of 1,053
sjt
Senior Contributor

Re: FICO Score Stress Indicators/Indexes


@sarge12 wrote:

 

@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.

Current Report:
8 Open Revolvers with a total CL of $110,800. One card reporting a balance of $101, the rest reporting 0 balance.

1 Closed Account

FYI-4 Accounts that are not reporting. 2 are personal and 2 are business accounts. Will attempt to fix the non-reporting of the personal accounts.

1 Auto loan currently 29.6% utilization.
Clean file.
I do AZEO, so occasionally accounts so some account that are dormant until it reports a balance. I'm wondering if the reason I had a score of 47 was that a couple of my accounts were considered dormant.


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 464 of 1,053
CassieCard
Senior Contributor

Re: FICO Score Stress Indicators/Indexes


@sarge12 wrote:

@sjt wrote:

@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.



But could that not be the real reason for this new score? I always wonder when I see something new added that actually influences people to change their credit decisions about paying debt down, could that not be the objective for this score?


The real reason, according to the CEO of FICO, is to better evaluate those profiles that are borderline acceptable:

 

"And the traditional way of dealing with downturns, and we see it today is that lenders raise their lending thresholds. They raise their cutoffs. And while obviously, that's the prudent thing to do, we'd love for that to be a little more sophisticated and surgical and be able to evaluate some of the individuals below those cutoffs with more precision. And that's really what FICO Resiliency Index does." - William J. Lansing, CEO FICO, on earnings call transcript (Source)

 

Probably because the market is saturated at the 700+ level? Subprime lending seems to be all the rage these days, so it kind of makes sense.

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 465 of 1,053
CassieCard
Senior Contributor

Re: EQ FICO Resilience Index

EQ FICO Resilience Index

Leaderboard as of August 18, 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!

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 WINNERS

gold_key.png

JWD1980

40

0

40

07-26-2020

Throckmorton's Wife

40

?

40

05-07-2020

LaHossBoss*

43

0

41

08-18-2020

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

angelwingz

53

2

53

04-09-2020

KLEXH25

53

2

53

07-26-2020

CassieCard

55

2

53

08-11-2020

LaHossBoss SO

55

2

52

08-18-2020

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

golden_sword.png

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

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 466 of 1,053
sarge12
Valued Contributor

Re: FICO Score Stress Indicators/Indexes


@sjt wrote:

@sarge12 wrote:

 

@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.

Current Report:
8 Open Revolvers with a total CL of $110,800. One card reporting a balance of $101, the rest reporting 0 balance.

1 Closed Account

FYI-4 Accounts that are not reporting. 2 are personal and 2 are business accounts. Will attempt to fix the non-reporting of the personal accounts.

1 Auto loan currently 29.6% utilization.
Clean file.
I do AZEO, so occasionally accounts so some account that are dormant until it reports a balance. I'm wondering if the reason I had a score of 47 was that a couple of my accounts were considered dormant.



Thanks, mine was 59 and my reports are squeaky clean. I have about 20 open revolvers, 240,000 in credit limits. This score does not like too many revolvers and high revolving limits it appears. I suspected that, but it is exactly that reason my utilization is so easy. I always PIF. I may never be resilient. I would have a point party if it was 47. My fico 08 scores are rock steady though.

TU.JPG

TU fico08=831 03/29/21
EX fico08=830 04/13/21
EQ fico09=840 04/01/21
EX fico09=828 04/03/21
EQ fico bankcard08=858 03/23/21
TU Fico Bankcard 08=862 03/29/21
EQ NG1 fico=802 01/21/21
EQ Resilience index score=58 03/09/21
Unknown score from EX=784 used by Cap1 07/10/20
Message 467 of 1,053
sjt
Senior Contributor

Re: FICO Score Stress Indicators/Indexes


@sarge12 wrote:


Thanks, mine was 59 and my reports are squeaky clean. I have about 20 open revolvers, 240,000 in credit limits. This score does not like too many revolvers and high revolving limits it appears. I suspected that, but it is exactly that reason my utilization is so easy. I always PIF. I may never be resilient. I would have a point party if it was 47. My fico 08 scores are rock steady though.

TU.JPG


I agree, this "scoring model" does not like a lot of revolvers and large amounts of available credit. The thing is, banks and lenders, already have internal controls in place that flag any type of risk behavior for customers with our credit profiles, like flagging large purchases, increased balances, not PIF, etc. So this scoring system is useless. If anything, it points out flaws in the current scoring methods.

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 468 of 1,053
Credit4Growth
Valued Contributor

Re: FICO Score Stress Indicators/Indexes

So, I currently have 9 open revolvers and 10 open loans... and 2 flags (High percent of revolving accounts; Missed payments)

 

Screenshot_20200819-224218.jpgScreenshot_20200819-224104.jpg

Current as of April 25rd
FICO 08 EQ723, TU722, EX728 || DTI 8%
Mortgage Scores: EQ724, Tu694, EX726 ||
Inquiries: EQ/TU/EX (0 / 3 / 1) - 0/6 - 0/12 - 4/24 ||


Next App on the list is ???
Last apps: (2) August 18, 2019
Garden goal - May 22th 2021
Going for Sapphire spade - May 17th 2021

Dirty/ Thick/ Aged/ New Accounts
Message 469 of 1,053
Credit4Growth
Valued Contributor

Re: FICO Score Stress Indicators/Indexes

I had the same score and number of flags since June 19th of this year, of course.

Current as of April 25rd
FICO 08 EQ723, TU722, EX728 || DTI 8%
Mortgage Scores: EQ724, Tu694, EX726 ||
Inquiries: EQ/TU/EX (0 / 3 / 1) - 0/6 - 0/12 - 4/24 ||


Next App on the list is ???
Last apps: (2) August 18, 2019
Garden goal - May 22th 2021
Going for Sapphire spade - May 17th 2021

Dirty/ Thick/ Aged/ New Accounts
Message 470 of 1,053
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