@JLK93 wrote:
@Anonymous wrote:I don't put much faith in what reason codes state. Under FICO 08 scoring, what has been a positive reason code for me on one bureau has been a negative on another bureau at the same exact time which really makes no sense at all. I know other members on here have reported this happening to them as well.
I don't put any faith in reason codes. I never have. The positive codes are completely worthless. In this case there is a small amount of interest. One of his reason codes, for one Bureau, may have changed when only his 50K cards reported balances. It would be interesting to know if the same reason code changed for the other Bureaus.
Positive reason codes don't exist, complete and utter fabrication by the darned monitoring solutions. Pretty certain this is the discrepancy BBS is seeing.
Also I really despise the fact most interfaces are only giving 2 real reason codes for FICO 8, all 4 are there for the rest, but just 2 on the baseline score. MF, Experian, everyone I check personally.
Reason codes only mean so much I agree, but I don't consider them worthless; shifts in reason codes are still a useful tool for analyzing the algorithm.
@Anonymous wrote:Interesting data here regarding that $50k credit line. CGID, what do you think here? Is the cutoff higher than $50k as previously thought?
Hrm, it might not exist anymore.
I'm guessing the exclusion line previously was for large revolvers historically like HELOC's which are designed for a completely different use case than credit cards (and treated differently by virtually all consumers), but then they yanked those out of the revolving utilization calculation, what was the rationale for an arbitrary exclusion line based on some credit limit?
My thinking is same use case has same impact: if I run up a balance on a 50K credit card at the same APR as a 10K credit card, or a 100K credit card, is there any rational difference for all that "we don't know what FICO's data says?" Revolving utillization calculations not withstanding, think we're all aware those are viewed as flawed by a large segment of the market.
Especially in the modern era where even comparitive plebians such as myself can get a 50K line without trying overly hard?
@JLK93 wrote:
@Revelate wrote:
@Anonymous wrote:Is the cutoff higher than $50k as previously thought?
Hrm, it might not exist anymore.
At this point I doubt that the cutoff exists for FICO 8. Someone, who is no longer active on any of the forums, tested a 100K card. He said that it was included in the utilization calculations for FICO 8.
Yeah, it'd be interesting to revist FICO 04 and 98: Experian Risk Model v2 at least does complain about revolving utillization for me which presumably is my HELOC none of the 04/8/9 models did, which suggests FICO 98 might still work the old way.
Simple enough test if one is setup for it, but not sure it has much relevancy outside of the mortgage space currently.