@Anonymous wrote:
@Anonymous wrote:
For some reason, Experian doesn’t care about inquiries or new accounts.
Hi Saeren. Bear in mind that this is a very strong claim. It's conceivable that Experian modified the FICO 8 model so that an entire section of the model was dropped (inquiries, Age of Youngest Account, proportion of accounts on the profile that are new, etc.) but without a lot of strong testing from multiple people the folks here would be unlikely to conclude that is true.
It's easy to test though. A person just needs to wait until his inquiries and youngest account are 13+ months old. At that point his AoYA is 13 months and he has no scorable inquiries. At month 12 and 13 he implements AZEO with a 1-4% utilization. Then he pulls his three FICO 8 scores at Credit Check Total.
After that he adds three new cards with a known Experian pull and waits for all three inquiries and at least one account to appears on his EX report. Then he pulls his scores again at CCT.
If there is zero score change, it would be a sensational discovery and we'd probably find a few other people willing to execute the test too.
That's what would be needed to validate the idea that Experian dropped an entire section of the FICO 8 model.
I should have clarified — the dirty scorecard that I am on doesn’t appear to move much. That could be because I am at the upper limit of what is possible with the major derogs I have on there at this time - my BK and repo charge off.
I gave a complete play by play of every item and my score impact with it on there. I quite clearly didn’t take any real damage from adding 6 new accounts plus closing my only installment loan since that lift on 6/1/2018 to 670. The only drop was to 662 and I recovered from that when my utilization went back under 8.9%. It seems pretty easy to see that AAoA over 4 to under 3 in addition to taking on 6 new accounts and paying off my only installment loan resulted in no appreciable score changes.
If you can look at the data supplied and come up with a reasonable explanation for my score having only a 9 point variance between June of last year and now, I would love to hear it because it baffles me too. The only thing that my current scorecard seems to get mad about is utilization.
Throughout the last year, I have been keeping utilization numbers optimal. No card higher than 28.9% except my NFCU BT that hit in January and my aggregate hasn’t come close to 8.9% so the scorable variables at play are inquiries, new accounts, paid off only installment loan.
