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20% # of revolvers w/ bal threshold EQ8

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Super Contributor

20% # of revolvers w/ bal threshold EQ8

So I've been watching this for a while, but I've observed it enough, that it's pretty conclusive to me. 

 

Every time I go between 4 and 5 revolvers reporting a balance, there's a 5 point change on EQ8. 21 open revolvers; 23 closed revolvers on EQ.

 

Since September, it seems the penalty has changed from 5 points to 4 points tho. I did close 1 revolver in June.

 

Something similar with TU8, but more to the tune of 3 points, but I've got to go back and look more closely at my data first before I'm ready to post about it. EX8 of course doesn't do anything.

 

-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.


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(Everything said is JMHO and is not endorsed by FICO or MF. I have no affiliation with either, just a grateful member.)
7 REPLIES 7
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Valued Contributor

Re: 20% # of revolvers w/ bal threshold EQ8


@Birdman7 wrote:

So I've been watching this for a while, but I've observed it enough, that it's pretty conclusive to me. 

 

Every time I go between 4 and 5 revolvers reporting a balance, there's a 5 point change on EQ8. 21 open revolvers; 23 closed revolvers on EQ.

 

Since September, it seems the penalty has changed from 5 points to 4 points tho. I did close 1 revolver in June.

 

Something similar with TU8, but more to the tune of 3 points, but I've got to go back and look more closely at my data first before I'm ready to post about it. EX8 of course doesn't do anything.

 


Have you ever tested that 20% line when not on a new account scorecard?

27 FICO Scores + 3 VS3. MTG (Mortgage), AUT (Auto), and BKC (Bankcard) are scores 5,4, and 2 from the top.

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Message 2 of 8
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Super Contributor

Re: 20% # of revolvers w/ bal threshold EQ8


@CassieCard wrote:

@Birdman7 wrote:

So I've been watching this for a while, but I've observed it enough, that it's pretty conclusive to me. 

 

Every time I go between 4 and 5 revolvers reporting a balance, there's a 5 point change on EQ8. 21 open revolvers; 23 closed revolvers on EQ.

 

Since September, it seems the penalty has changed from 5 points to 4 points tho. I did close 1 revolver in June.

 

Something similar with TU8, but more to the tune of 3 points, but I've got to go back and look more closely at my data first before I'm ready to post about it. EX8 of course doesn't do anything.

 


Have you ever tested that 20% line when not on a new account scorecard?


@CassieCard you know that's a very good point. I've definitely noticed it this past year, but I will have to go back and pull my past reports to answer that question, but that's a very good question actually. I think I'm about to do that cash plus, so I don't think I'm going to see the no new accounts reassignment.

-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 8
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Super Contributor

Re: 20% # of revolvers w/ bal threshold EQ8

OK so I’m set up to test this again accidentally. One Card reported that shouldn’t have, so that’s going to bring me back up to 5. Then today I just paid a Chase to zero, so that will bring me back to 4 in consecutive days, hopefully.
-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 8
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Super Contributor

Re: 20% # of revolvers w/ bal threshold EQ8

Then again if I pull the trigger on the cash+ today, that might mess up stuff. No they’ll pull TU.
-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 5 of 8
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Established Contributor

Re: 20% # of revolvers w/ bal threshold EQ8

I know we've pretty much concluded that closed accounts play a factor in # of accts reporting for EX2 at least.  Do you believe this applies to Classic 8 scores, or at least EQ8 and TU8?

 

 

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) 0/24 | (EX) 1/24
Message 6 of 8
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Super Contributor

Re: 20% # of revolvers w/ bal threshold EQ8


@Trudy wrote:

I know we've pretty much concluded that closed accounts play a factor in # of accts reporting for EX2 at least.  Do you believe this applies to Classic 8 scores, or at least EQ8 and TU8?

 

 


@Trudy that's what I'd love to find out

-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 7 of 8
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Super Contributor

Re: 20% # of revolvers w/ bal threshold EQ8

@Trudy and I'm eyeballing another one to close and I've got an hour to do that cash plus offer if I'm gonna take it. 

-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 8 of 8
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