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@Anonymous wrote:
@Anonymous I just read what I wrote above and it sounded like I was saying that you updated my scores, but I was letting you know I updated my scores so that you can check them out. I wrote that wrong.
All good. I knew what you meant, and updated the table with your new score+date shortly after you posted it.
Highlights from an interview with Sally Taylor, VP of Scores at FICO, concerning the FICO Resilience Index.
SEP 18, 2020 - PDF Transcript Link - Interviewer was Peter Renton, Founder of Lend Academy ( Source link to Podcast )
She said that during the Great Recession, delinquencies doubled 'across the board', meaning all score bands.
Some interesting information about coding of forbearances and how the FICO score looks at those codes, on Page 3.
I wonder if we'll start seeing an EX Resilience Index score in October? She said it was already available there, and the interview was less than 2 weeks ago. It might show up sometime soon at myFICO or Experian's CMS.
@Anonymous just got a score update. 76 with a 3rd flag added for credit mix, specifically high percent of revolving accounts.
It's interesting that the score supposedly goes from 1-99, but in the most extreme examples we've collected, it has only ranged from 37-75.
That's only a 38 point delta between "worst" and "best".
So the middle score seems to be 56, with a range of only +/- 19.
And if you remove the lone highest/lowest outliers, then you get a middle score of 56.5 with a range of only +/- 16.5
Not sure what to make of that data, just seems interesting to me.
@Brian_Earl_Spilner wrote:@Anonymous just got a score update. 76 with a 3rd flag added for credit mix, specifically high percent of revolving accounts.
@Brian_Earl_Spilner: lol What a legend. 'The Stuffed Penguin Incident', posting a pic of you getting pulled over by FICO police, and now this?
Upon further review...Incomplete Post. The clock will be reset until you post a snapshot of that 76.
The referees trust you and I trust you, but I need something to show to Dogbert before taking away The Golden Sword! (You will also get The Golden Chalice, of course.)
Since it appears that we get punished both for having available credit, and for not having available credit, I don't think it's possible with this algorithm to have a score even remotely close to a perfect "1".
@Anonymous wrote:The referees trust you and I trust you, but I need something to show to Dogbert before taking away The Golden Sword! (You will also get The Golden Chalice, of course.)
Why does last place seem to be the High Honor?
Now I want to app to see how badly I can screw up what's left of my resilience.
@Anonymous wrote:
@Brian_Earl_Spilner wrote:@Anonymous just got a score update. 76 with a 3rd flag added for credit mix, specifically high percent of revolving accounts.
@Brian_Earl_Spilner: lol What a legend. 'The Stuffed Penguin Incident', posting a pic of you getting pulled over by FICO police, and now this?
Upon further review...Incomplete Post. The clock will be reset until you post a snapshot of that 76.
The referees trust you and I trust you, but I need something to show to Dogbert before taking away The Golden Sword! (You will also get The Golden Chalice, of course.)
Ask and ye shall receive.
I wish it was a triforce though
@GApeachy wrote:
@Anonymous wrote:The referees trust you and I trust you, but I need something to show to Dogbert before taking away The Golden Sword! (You will also get The Golden Chalice, of course.)
Why does last place seem to be the High Honor?
Now I want to app to see how badly I can screw up what's left of my resilience.
lol I know what you mean.
It's because most of the people in the 60+ or Sensitive to Very Sensitive range don't have any problem getting approved for CLIs, new cards, or even a mortgage with the lowest rate.
People from FICO talk about the Index as a way for lenders to better evaluate applicants with a score under 700. '680' is commonly mentioned - it's in the interview (VP FICO Scores) I posted earlier, in FICO's explanatory text, and the FICO CEO even talked about these sort of 'edge cases' on an earnings call.
At this point, I think Jeff Bezos would probably get a 90+. lol