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Aggregate Installment Loan UTI DP

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Regular Contributor

Aggregate Installment Loan UTI DP

Hey all!

Just thought I would share a quick DP from my EX Fico 8. Paid off my Lending Club personal loan last month. Just reported today. Waiting until the 26th to pull the rest of my reports. No other changes. Aggregate UTI on open installment accounts increased form 71% to 81%. Lost 10 points. 

 

9/14 - 711 EX8

3 Installment loans open. 71% Aggregate UTI

Lending Club Personal Loan 7279/14000 52% UTI 5/17

Auto Loan BECU  7732/13000 59% UTI 12/17 

NFCU Personal Loan 15058/15000 100% UTI 08/20

 

9/20 - 701 EX8

2 Installment loans open. 81% Aggregate UTI

Auto Loan BECU  7732/13000 59% UTI 12/17 

NFCU Personal Loan 15058/15000 100% UTI 08/20

 

Will update with EQ and TU next week, but there will be a reduction on revolving UTI then as well. 

Cheers!

 

 



AoOA- 6.8 - AAoA - 4.6 - Clean Profile - 25% UTI - 10k/41k Limits

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10 REPLIES 10
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Established Contributor

Re: Aggregate Installment Loan UTI DP

Interesting.  Thanks for sharing.  I've been milking an auto loan that's 2 yrs ahead while I wait to get my MTG down to 74%.  I chose that amount to test because I was able to achieve 850 with 74% installment UTL.  Did you notice any point gain that could be attributed to AGG installment UTL dropping between 80% and 71%?  

 

 

FICO - 8: 11/19/20 AU 8 BC 8
FICO - 9: 11/19/20 AU 9 BC 9
F5,F4,F2 11/19/20 AU... BC...
Vantage 11/19/20
As of 11/19/20:
AoOA - 24Y8M | AoYA – 0Y0M | AAoA – 11Y6M
Open: 11 CC: (1 reporting 3.53% : 0.74% AGG UTL) | 1 PLOC | 1 MTG loan: 73.16% UTL
Closed: 1 MTG loan | 2 Auto loans | (EQ) 2 CC, (EX & TU) 1 CC
INQ: (EQ) 0/24 | (TU) 1/24 | (EX) 1/24
Message 2 of 11
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Super Contributor

Re: Aggregate Installment Loan UTI DP


@mickvain wrote:

Hey all!

Just thought I would share a quick DP from my EX Fico 8. Paid off my Lending Club personal loan last month. Just reported today. Waiting until the 26th to pull the rest of my reports. No other changes. Aggregate UTI on open installment accounts increased form 71% to 81%. Lost 10 points. 

 

9/14 - 711 EX8

3 Installment loans open. 71% Aggregate UTI

Lending Club Personal Loan 7279/14000 52% UTI 5/17

Auto Loan BECU  7732/13000 59% UTI 12/17 

NFCU Personal Loan 15058/15000 100% UTI 08/20

 

9/20 - 701 EX8

2 Installment loans open. 81% Aggregate UTI

Auto Loan BECU  7732/13000 59% UTI 12/17 

NFCU Personal Loan 15058/15000 100% UTI 08/20

 

Will update with EQ and TU next week, but there will be a reduction on revolving UTI then as well. 

Cheers!

 

 


@mickvain So, AoOIA went from 3 years 4 months to 2 years 9 months. Can you please report back if you get those points on December 1st?

-Our Community’s updated scoring wisdom: Link to Scoring Primer.
-For Negative Reason Codes see: CassieCard’s Score Factors thread.
-ccquest’s workbook to calculate metrics for you: Link to Workbook.

Oct 2020 New Account Scorecard.Nov 2020, No New Account Scorecard (reassignment conflated with aging. EX9 not updated yet. Oldest/avg varies. Estimates above.)
Real world mortgage maxes are: EQ5-818, TU4-839, EX2-844.


RIP:
(Everything said is JMHO and is not endorsed by FICO or MF. I have no affiliation with either, just a grateful member.)
Message 3 of 11
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Super Contributor

Re: Aggregate Installment Loan UTI DP


@Trudy wrote:

Interesting.  Thanks for sharing.  I've been milking an auto loan that's 2 yrs ahead while I wait to get my MTG down to 74%.  I chose that amount to test because I was able to achieve 850 with 74% installment UTL.  Did you notice any point gain that could be attributed to AGG installment UTL dropping between 80% and 71%?  

 

 


@mickvain yeah that's true, did you see the point gain on the way down? Wonder which metric it is?

-Our Community’s updated scoring wisdom: Link to Scoring Primer.
-For Negative Reason Codes see: CassieCard’s Score Factors thread.
-ccquest’s workbook to calculate metrics for you: Link to Workbook.

Oct 2020 New Account Scorecard.Nov 2020, No New Account Scorecard (reassignment conflated with aging. EX9 not updated yet. Oldest/avg varies. Estimates above.)
Real world mortgage maxes are: EQ5-818, TU4-839, EX2-844.


RIP:
(Everything said is JMHO and is not endorsed by FICO or MF. I have no affiliation with either, just a grateful member.)
Message 4 of 11
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Regular Contributor

Re: Aggregate Installment Loan UTI DP

I will report back on 12/1 as well with any AaoIa score increases. 

I did not notice any score increase when my utilization went from 80-71 prior, but I wasn't looking or paying attention either. Don't have old reports to look back at.

 

I did not see a score decrease when the NFCU loan first reported and brought my aggregate installment utilization up from 56% to 71% on 9/4. -Scratch that, 4 point decrease.



AoOA- 6.8 - AAoA - 4.6 - Clean Profile - 25% UTI - 10k/41k Limits

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Super Contributor

Re: Aggregate Installment Loan UTI DP


@mickvain wrote:

I will report back on 12/1 as well with any AaoIa score increases. 

I did not notice any score increase when my utilization went from 80-71 prior, but I wasn't looking or paying attention either. Don't have old reports to look back at.

 

I did not see a score decrease when the NFCU loan first reported and brought my aggregate installment utilization up from 56% to 71% on 9/4


@mickvain Strange, supposed to be a threshold around ~65%. 

Will be interesting to see if AoOIA  (Age of Oldest Open Installment Account) has a 3 year threshold. Quite possible, but to avoid any conflation, please try to view scores before and after the first without any other changes if possible.  

 

-Our Community’s updated scoring wisdom: Link to Scoring Primer.
-For Negative Reason Codes see: CassieCard’s Score Factors thread.
-ccquest’s workbook to calculate metrics for you: Link to Workbook.

Oct 2020 New Account Scorecard.Nov 2020, No New Account Scorecard (reassignment conflated with aging. EX9 not updated yet. Oldest/avg varies. Estimates above.)
Real world mortgage maxes are: EQ5-818, TU4-839, EX2-844.


RIP:
(Everything said is JMHO and is not endorsed by FICO or MF. I have no affiliation with either, just a grateful member.)
Message 6 of 11
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Regular Contributor

Re: Aggregate Installment Loan UTI DP

@birdman 
I lied! I did see a 4 point decrease from 56-71 aggregate UTI. Editing post to reflect that.

 



AoOA- 6.8 - AAoA - 4.6 - Clean Profile - 25% UTI - 10k/41k Limits

Message 7 of 11
Established Contributor

Re: Aggregate Installment Loan UTI DP

@Birdman7 , I didn't see much movement in my scores when I reached AGG installment UTL of 65% (from 65.7% to 64.4%) with the exception of a 5,4,2's.  My 8s and 9's were at 850 which limited my ability to see with those scores with the exception of EX8 and it didn't move at all.

FICO - 8: 11/19/20 AU 8 BC 8
FICO - 9: 11/19/20 AU 9 BC 9
F5,F4,F2 11/19/20 AU... BC...
Vantage 11/19/20
As of 11/19/20:
AoOA - 24Y8M | AoYA – 0Y0M | AAoA – 11Y6M
Open: 11 CC: (1 reporting 3.53% : 0.74% AGG UTL) | 1 PLOC | 1 MTG loan: 73.16% UTL
Closed: 1 MTG loan | 2 Auto loans | (EQ) 2 CC, (EX & TU) 1 CC
INQ: (EQ) 0/24 | (TU) 1/24 | (EX) 1/24
Message 8 of 11
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Super Contributor

Re: Aggregate Installment Loan UTI DP


@mickvain wrote:

@birdman 
I lied! I did see a 4 point decrease from 56-71 aggregate UTI. Editing post to reflect that.

 


@mickvain Probably AAoA. @Trudy With 850s on 8, hard to tell what a burden. 😉. What did you lose on 542?

 

Keep in mind loans give points over time also. This may reduce or replace what is available at thresholds, idk. Could be the cause of no change. 

-Our Community’s updated scoring wisdom: Link to Scoring Primer.
-For Negative Reason Codes see: CassieCard’s Score Factors thread.
-ccquest’s workbook to calculate metrics for you: Link to Workbook.

Oct 2020 New Account Scorecard.Nov 2020, No New Account Scorecard (reassignment conflated with aging. EX9 not updated yet. Oldest/avg varies. Estimates above.)
Real world mortgage maxes are: EQ5-818, TU4-839, EX2-844.


RIP:
(Everything said is JMHO and is not endorsed by FICO or MF. I have no affiliation with either, just a grateful member.)
Message 9 of 11
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Established Contributor

Re: Aggregate Installment Loan UTI DP


@Birdman7 wrote:

@Trudy With 850s on 8, hard to tell what a burden. 😉. What did you lose (gain) on 542?

 

Keep in mind loans give points over time also. This may reduce or replace what is available at thresholds, idk. Could be the cause of no change. 


5,4,2's:

MTG          EQ   0,  TU  +11,  EX  +6

BC             EQ   0,  TU  +11,  EX  +6

AUTO        EQ   0,  TU +10,   EX  +6

 

Sorry, some movement on industry 8's:

BC 8          EQ +8,  TU +7,   EX  +8

AUTO8      EQ +5, TU   0,    EX  0

FICO - 8: 11/19/20 AU 8 BC 8
FICO - 9: 11/19/20 AU 9 BC 9
F5,F4,F2 11/19/20 AU... BC...
Vantage 11/19/20
As of 11/19/20:
AoOA - 24Y8M | AoYA – 0Y0M | AAoA – 11Y6M
Open: 11 CC: (1 reporting 3.53% : 0.74% AGG UTL) | 1 PLOC | 1 MTG loan: 73.16% UTL
Closed: 1 MTG loan | 2 Auto loans | (EQ) 2 CC, (EX & TU) 1 CC
INQ: (EQ) 0/24 | (TU) 1/24 | (EX) 1/24
Message 10 of 11
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