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FICO Score Stress Indicators/Indexes

CreditAggie
Senior Contributor

Re: EQ FICO Resilience Index Leaderboard - March 3, 2021

I just got my March 3B pull and my score (56) and red flags remain the same. It will be interesting to see what happens to the score and red flags when my two new cards start reporting. 

Current Cards (in order of approval):


Current FICO 8 | 9:

Credit Age:

Inquiries (24 month):

Banks & CUs:

Goal Cards:



Currently: 2/6, 2/12, 5/24
Message 931 of 1,053
Mr_Mojo_Risin
Valued Contributor

Re: EQ FICO Resilience Index Leaderboard - March 3, 2021

Screenshot_20210305-182819_Chrome.jpg

Just pulled my 3B report and I'm still ridin 54 with the same 2 red flags.

1. High installment balance 

2. High percentage of revolving accounts.  Uh yeah 4 but Ok.

 

NFCU More Rewards 24K CL
NFCU Cash Rewards 4000 CL
Discover IT 1,500 CL
Quicksilver 600 CL (formerly Platinum)
NFCU auto loan
*We survived it, now comes the progress*
Previously Bowiefan
Message 932 of 1,053
CassieCard
Senior Contributor

Re: FICO Score Stress Indicators/Indexes

Here's something more recent from FICO about what it takes to be 'Resilient'.

We've got actual numbers now for inquiries, balances, and number of active accounts in the past year.

 

Credit Mix surprised me: they're looking for at least half of all tradelines to be installment loans such as mortgage, auto, and personal.

 

I'm going to be reporting $912 in total balances this month, down from $1807 last month. Guess I should have paid down another $13 to be below $900 according to this graphic. Too late for this month, but it's a good reference point slightly above $900.

 

fri_dependencies.png

 

Full paper is here: https://www.fico.com/en/resource-access/download/13846

 

The paper also shows an example use of a dual-matrix, combining the index score with an Auto 8 score to compute an offset.

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 933 of 1,053
Mr_Mojo_Risin
Valued Contributor

Re: FICO Score Stress Indicators/Indexes


@CassieCard wrote:

Here's something more recent from FICO about what it takes to be 'Resilient'.

We've got actual numbers now for inquiries, balances, and number of active accounts in the past year.

 

Credit Mix surprised me: they're looking for at least half of all tradelines to be installment loans such as mortgage, auto, and personal.

 

I'm going to be reporting $912 in total balances this month, down from $1807 last month. Guess I should have paid down another $13 to be below $900 according to this graphic. Too late for this month, but it's a good reference point slightly above $900.

 

fri_dependencies.png

 

Full paper is here: https://www.fico.com/en/resource-access/download/13846

 

The paper also shows an example use of a dual-matrix, combining the index score with an Auto 8 score to compute an offset.


Looks like I need to add a few more installment tradelines to even out my massive revolving profile 😆

Seriously though this is very informative and appreciate your contributions. 

NFCU More Rewards 24K CL
NFCU Cash Rewards 4000 CL
Discover IT 1,500 CL
Quicksilver 600 CL (formerly Platinum)
NFCU auto loan
*We survived it, now comes the progress*
Previously Bowiefan
Message 934 of 1,053
CassieCard
Senior Contributor

Re: FICO Score Stress Indicators/Indexes


@Mr_Mojo_Risin wrote:


Looks like I need to add a few more installment tradelines to even out my massive revolving profile 😆


4 cards....yeah we're both livin' on the edge alright! lol

 

I've got 1 each of Mastercard, Visa, American Express, and Discover, with a single closed $500 credit builder loan on my 3yr3mo old credit file. The only credit related thing I will need in the future is a big ol' Share-Size mortgage.

 

It looks like low balances are more important than anything else with this score. But I don't think I'll make it below 50 even going to AZEO with $20 in aggregate balance next month. I just don't have enough credit history length at this point.

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 935 of 1,053
Mr_Mojo_Risin
Valued Contributor

Re: FICO Score Stress Indicators/Indexes


@CassieCard wrote:

@Mr_Mojo_Risin wrote:


Looks like I need to add a few more installment tradelines to even out my massive revolving profile 😆


4 cards....yeah we're both livin' on the edge alright! lol

 

I've got 1 each of Mastercard, Visa, American Express, and Discover, with a single closed $500 credit builder loan on my 3yr3mo old credit file. The only credit related thing I will need in the future is a big ol' Share-Size mortgage.

 

It looks like low balances are more important than anything else with this score. But I don't think I'll make it below 50 even going to AZEO with $20 in aggregate balance next month. I just don't have enough credit history length at this point.


I have pretty much the same cards as you (payment network). My oldest account is 3yr5mo which is a closed auto loan. 

I wouldn't mind going for a mortgage in the next year or so, I'm not getting any younger. Gotta make a move sooner rather than later lol.

 

NFCU More Rewards 24K CL
NFCU Cash Rewards 4000 CL
Discover IT 1,500 CL
Quicksilver 600 CL (formerly Platinum)
NFCU auto loan
*We survived it, now comes the progress*
Previously Bowiefan
Message 936 of 1,053
CassieCard
Senior Contributor

EQ FICO Resilience Index Leaderboard - Sunday, March 7, 2021

eq_res_logo.png

 

EQ FICO Resilience Index

 

Leaderboard as of Sunday, March 7, 2021

Breaking News

 

New in-depth information about this score from FICO.

 

New Gold Key Winner! @juggernaut9 with a 32 !

2nd time winning the Gold Key!

 

  • @LaHossBoss and LaHossBoss's SO moving up together.
  • 6 people have a score of 56 making it the most reported number (mode in math).
  • 5 people have a score of 72 - 2nd most reported number.

General Information about this score

  • New score factor information from FICO dated December 2020.
  • Top 10 Questions About the FICO® Resilience Index  myFICO Blog Post
  • FICO issued a press release about this score and it triggered a flurry of articles in the press.
  • The Washington Post published an article about this 'new score'.
  • Plenty more articles on Google here.
  • Many 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.
  • Podcast Interview: A VP of Scores at FICO talks about the new FICO Resilience Index.

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

Adkins

80

12-07-2020

 

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

juggernaut9*

32

0

32

03-03-2021

mrsgrits' DH

32

0

32

11-01-2020

LP007

34

0

34

12-21-2020

CreditBones

37

0

37

12-01-2020

Lulah*

37

0

37

07-24-2020

USDOD

37

0

37

12-26-2020

THE BAT

bat.png

tacpoly [EQ 8 850]

39

0

39

10-04-2020

JWD1980*

40

0

40

07-26-2020

LaHossBoss SO

40

0

40

02-26-2021

Throckmorton's Wife*

40

?

40

05-07-2020

Tonya-E

43

0

43

02-10-2021

MODERATE [45-59]

FireMedic1

45

2

45

06-05-2020

LaHossBoss*

45

2

41

02-24-2021

PicoFico

45

2

45

04-30-2020

Bankrupt2019

46

2

46

12-29-2020

EW800

46

2

46

05-01-2020

sjt

47

2

47

01-06-2021

Thomas_Thumb

48

2

48

04-07-2020

jasonbourne84

49

2

49

10-08-2020

Trudy

49

2

49

06-12-2020

Chris865 [OP]

52

2

52

05-23-2020

angelwingz

53

2

53

04-09-2020

KLEXH25

53

2

53

07-26-2020

Mr_Mojo_Risin

54

?

54

03-05-2021

Credit4Growth

54

2

54

07-30-2020

Face_Value

54

2

54

10-17-2020

CassieCard

56

2

53

02-11-2021

CreditAggie

56

2

56

03-05-2021

Flyingifr

56

2

56

07-21-2020

joeyv1985

56

2

56

02-13-2021

kilroy8

56

?

56

06-11-2020

TMB_

56

2

56

06-01-2020

mrsgrits

57

2

57

11-06-2020

mgood

58

2

55

02-27-2021

sarge12

59

2

59

08-24-2020

SENSITIVE [60-69]

coreysw12

61

2

60

11-18-2020

CreditObsessedinFL

61

2

56

12-??-2020

NRB525

63

2

63

04-06-2020

Remedios

63

2

63

06-06-2020

Dogbert*

64

2

64

06-25-2020

OmarGB9

64

2

64

08-22-2020

Birdman7

65

2

60

02-20-2021

Revelate

65

2

63

06-14-2020

RehabbingANDBlabbing

66

2

66

03-29-2020

thornback

66

2

66

12-12-2020

Dumbee

68

2

56

09-11-2020

jayk1

69

?

69

09-05-2020

VERY SENSITIVE [70-99]

K-in-Boston*

70

3

70

11-04-2020

CreditCuriosity*

72

3

72

10-19-2020

Dmessina666*

72

3

72

12-30-2020

GApeachy

72

3

72

02-06-2021

jasonbourne84's DH

72

3

72

10-11-2020

Kenro*

72

?

72

05-03-2020

Brian_Earl_Spilner*

78

3

72

12-06-2020

GOLDEN CHALICE WINNER AND
KEEPER OF THE GOLDEN SWORD

golden-chalice.png

golden-sword.png

Adkins

80

3

80

12-07-2020

 

* FORMER AWARD WINNERS *

MEMBER NAME

AWARD

TROPHY

FOR

DATE
Click for Individual Profile Data

Brian_Earl_Spilner

GOLDEN CHALICE

golden-chalice.png

Lowest rating: 76

10-01-2020

Brian_Earl_Spilner

GOLDEN SWORD

golden-sword.png

Record Low Rating: 76

10-01-2020

CreditCuriosity

GOLDEN CHALICE

golden-chalice.png

Lowest rating: 75

09-23-2020

Dmessina666

GOLDEN CHALICE

golden-chalice.png

Lowest rating: 78

09-17-2020

Dmessina666

GOLDEN SWORD

golden-sword.png

Record Low Rating: 78

09-17-2020

Dogbert

GOLDEN CHALICE

golden-chalice.png

Lowest rating: 76

04-03-2020

Dogbert

GOLDEN SWORD

golden-sword.png

Record Low Rating: 76

04-03-2020

juggernaut9

GOLD KEY

gold-key.png

Highest Rating: 37

11-03-2020

JWD1980

GOLD KEY

gold-key.png

Highest Rating: 40

07-26-2020

K-in-Boston

GOLDEN CHALICE

golden-chalice.png

Lowest rating: 73

09-04-2020

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

Lulah

GOLD KEY

gold-key.png

Highest Rating: 37

07-24-2020

Throckmorton's Wife

GOLD KEY

gold-key.png

Highest Rating: 40

05-07-2020

 

All awards are from this game: Adventure (1980) (Atari 2600) Level 3 play through 

 

The Bat is awarded for best EQ 8 score with lowest Resilience Index score. The bat can fly away with any award - even a dragon!

 

Meet the creator of the Resilience Index.

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 937 of 1,053
sarge12
Valued Contributor

Re: EQ FICO Resilience Index Leaderboard - Sunday, March 7, 2021

@CassieCard  OK, finally have some new data with a 1 point change to the resilience index score.

 

Resilience 3.9.21.JPGfico 08 3.9.21.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 938 of 1,053
sarge12
Valued Contributor

Re: EQ FICO Resilience Index Leaderboard - Sunday, March 7, 2021

@CassieCard I only pulled Ex, and EQ, this time. I had 36 bucks and some change in rewards on Amex Magnet card that has been dormant for 6 months. This will get rid of the rewards, show activity on that card, and let me see that I did become more resilient. The latest score for TU was the same on Feb.26.

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 939 of 1,053
CassieCard
Senior Contributor

Re: EQ FICO Resilience Index Leaderboard - Sunday, March 7, 2021


@sarge12 wrote:

@CassieCard  OK, finally have some new data with a 1 point change to the resilience index score.

 

Resilience 3.9.21.JPGfico 08 3.9.21.JPG


Welcome back, @sarge12 !

 

So you go from 59 to 58 and I don't even have to move the row in the table. That's ok...us Moderates aren't so bad, even if the Very Sensitive crowd has all the fun and fast cars.

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 940 of 1,053
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