AAoA thresholds? UPDATE 5/2/19

[Yeliaba1]

How does one find out what scorecard you’re on?  I don’t see my FICO 8 scores responding to some thresholds and now understand it’s likely due to a dirty scorecard (with accounts IIB, 30 and 60 day lates).  With 8 different scorecards, I have no idea which I fall under.  Seems I might have false expectations of scoring changes lacking this scorecard information.

[Anonymous]

There's no certain way of knowing which scorecard you are on, because the exact definitions for each scorecard are unknown to people outside FICO.

What we do know is that for FICO 8 there are four dirty scorecards and eight for clean profiles.  There is some evidence from FICO white papers that a single Day 30 late (especially if it is from 25 months ago) does not in itself cause you to be confined to a dirty score card.

For the eight clean scorecards, the three scorecard assignment factors are:

      *  Age of Oldest Account

      *  Age of Youngest Account

      *  Total number of accounts (including closed ones)

If a person has a tiny number of accounts (e.g. 1-2) then he is placed in a scorecard for very thin profiles.  Hard to know what is needed to be no longer thin: five is almost certainly fine, and four probably is too.

After your AoYA is > 12 months that may be the cutoff for "no young accounts."

Unclear how big your AoOA needs to be to get placed in a scorecard that permits a perfect 850.  It seems like everyone who's reported a perfect 850 has had an AoOA of at least 17.

Thomas Thumb knows more about scorecards and he may chime in to give you his thoughts if he sees your question.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:
Where can one access those?

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Here's a list of all the Vantage Score 3.0 reason codes I could find, in a nice HTML table rather than a PDF.

Taken from: https://www.reasoncode.org/allcodes Also has VS4 reason codes now.

--Code---	Vantage Score 3.0 Reason Code / Text Table
4	The balances on your accounts are too high compared to loan amounts
5	Too many of the delinquencies on your accounts are recent
6	You have too many accounts that were opened recently
7	You have too many delinquent or derogatory accounts
8	You have either too few loans or too many loans with recent delinquencies
9	The worst payment status on your accounts is delinquent or derogatory
10	You have either very few loans or too many loans with delinquencies
11	The total of your delinquent or derogatory account balances is too high
12	The date that you opened your oldest account is too recent
13	Your most recently opened account is too new
14	Lack of sufficient credit history
15	Newest delinquent/derogatory payment status on your accts is too recent
16	The total of all balances on your open accounts is too high
17	Balance on previously delinquent accts are too high compared to loan amts
18	Total of balances on accts never late is too high compared to loan amts
21	No open accounts in your credit file
22	No recently reported account information
23	Lack of sufficient relevant account information
29	Too many of your open bankcard or revolving accounts have a balance
30	Too few of your bankcard or other revolving accounts have high limits
31	Too many bankcard or other revolving accounts were opened recently
32	Balances on bankcard/revolving accts too high compared to credit limits
33	Your worst bankcard or revolving account status is delinquent/derogatory
34	Total of all balances on bankcard or revolving accounts is too high
35	Your highest bankcard or revolving account balance is too high
36	Your largest credit limit on open bankcard or revolving accts is too low
39	Available credit on your open bankcard or revolving accounts is too low
40	The date you opened your oldest bankcard or revolving acct is too recent
42	The date you opened your newest bankcard or revolving acct is too recent
43	Lack of sufficient credit history on bankcard or revolving accounts
44	Too many bankcard or revolving accounts with delinquent/derogatory status
45	Total balances too high on delinquent/derogatory bankcard/revolving accts
47	No open bankcard or revolving accounts in your credit file
48	No bankcard or revolving recently reported account information
49	Lack of sufficient relevant bankcard or revolving account information
53	The worst status on your real estate accounts is delinquent or derogatory
54	The amt of balance paid down on your open real estate accounts is too low
55	Open real estate acct balances are too high compared to their loan amts
56	You've been playing reindeer games on myFICO forums.
57	Too many real estate accts with delinquent or derogatory payment status
58	The total of all balances on your open real estate accounts is too high
61	No open real estate accounts in your credit file
62	No recently reported real estate account information
63	Lack of sufficient relevant real estate account information
64	No open first mortgage accounts in your credit file
65	Lack of sufficient relevant first mortgage account information
66	Your open auto account balances are too high compared to their loan amts
68	No open auto accounts in your credit file
69	Lack of sufficient relevant auto account information
71	You have either very few installment loans or too many with delinquencies
72	Too many installment accts with a delinquent or derogatory payment status
73	The worst status on your installment accounts is delinquent or derogatory
74	The balance amount paid down on your open installment accounts is too low
75	The installment account that you opened most recently is too new
76	You have insufficient credit history on installment loans
77	The balances on your accounts are too high compared to loan amounts
78	Balances on installment accts are too high compared to their loan amounts
79	Too many of the delinquencies on your installment accounts are recent
81	No open installment accounts in your credit file
83	Lack of sufficient relevant installment account information
84	The number of inquiries was also a factor, but effect was not significant
85	You have too many inquiries on your credit report.
86	Your credit report contains too many derogatory public records
87	Your credit report contains too many unsatisfied public records
88	One or more derogatory public records in your credit file is too recent
90	Too few discharged bankruptcies
93	The worst status on your student loan accts is delinquent or derogatory
94	The balance amount paid down on your open student loan accts is too low
95	You have too many collection agency accounts that are unpaid
96	The total you owe on collection agency accounts is high
97	You have too few credit accounts
98	There is a bankruptcy on your credit report
	Exclusion Scores
0001	File/trade indicating consumer is deceased
0004	No information on credit report (other than maybe inquiries)
9000	System Exclusion

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Hi Cassie.  I notice this entry from that table.

56	You've been playing reindeer games on myFICO forums.

I am a bit skeptical that this is the actual text for code 56, which in turn makes me skeptical of the reliability of the entire table.  Any thoughts?  Thanks in advance for your help!

[Revelate]

Laugh I resemble that reason code! Probably the Reindeer Games Godfather on this forum.

To add to what CGID stated a 60D late is bottom 4 derogatory scorecards; 30D late is not, though I think the 30D may also be used for scorecard assignment in the top 8, not sure TT had a good graphic which seemed pretty legit for all that it was marketing material and oldest account doesn’t seem to fall into the non-industry option reason codes for FICO 8: I wonder if that maybe changed.

Segmentation is a hard thing to pin down.

[Yeliaba1]

@CGID thanks!!  I was somewhat responding to your previous post about a dirty scorecard missing thresholds .  I have 13 yr. old accounts with each CRA and they have 30 and 60 lates (over 5yrsold) as well as IIB.  I saw little change in FICO 8 scores for the following:  1.)  Installment loan went from 52% to 7.49. 2) AAoA 1 yr 2mo >1 yr 3 mo. 3.) aggregate utilization 14% > 8%.  I may have gained 1 pt on EQ and nothing for TU or EX passing those thresholds .  I imagine this may have to do with my “dirty “ scorecard.

[Revelate]

Hahah double Kudo if I could @Anonymous

V4 reason code 56:

https://www.reasoncode.org/code/909/56/lack-recently-reported-installment-accounts

[Anonymous]

CreditGuyInDixie

Why would you ever question a "reason" code such as this? It must be as it is in print "no fake news here"

56	You've been playing reindeer games on myFICO forums.

I am a bit skeptical that this is the actual text for code 56, which in turn makes me skeptical of the reliability of the entire table.  Any thoughts?  Thanks in advance for your help!

Let's come to grip with whatever the reason codes are. The lender can do whatever they want within the applicable laws (oh, except certain banks "too big to fail"). My only question is where the reason codes would spill out and affect my credit in the bureaus? Can not remember ever seeing such information posted in the bureaus other than a hard inquiry followed with no new account(s). In truth, sometimes hard inquiries are related to business with no intention of obtaining some credit product (met with a bank and we pulled a hard inquiry to see what if any credit products they would offer and what I was interested in - will add I thanked the bank and went elsewhere).

[Anonymous]

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@Anonymous wrote:

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Hi Cassie.  I notice this entry from that table.

56	You've been playing reindeer games on myFICO forums.

I am a bit skeptical that this is the actual text for code 56, which in turn makes me skeptical of the reliability of the entire table.  Any thoughts?  Thanks in advance for your help!

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Ok, ok...I edited it out...there is no Code 56 for VS3. I put that there because I read it in many of Revelate's past posts while searching these forums.

There's no 59,60 or 70 either in addition to several others for VantageScore 3.

It's interesting that their Reason Code lookup here https://www.reasoncode.org/allcodes defaults to VantageScore 4.0 now, which does have a Code 56.

[Anonymous]

Aw ...

Ok, ok...I edited it out...there is no Code 56 for VS3. I put that there because I read it in many of Revelate's past posts while searching these forums.

We needed a "scape goat" and we landed one just like a fish.

Leave it to Revelate to be at the root of this ...!

[Anonymous]

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@Revelate wrote:
Hahah double Kudo if I could @Anonymous

V4 reason code 56:

https://www.reasoncode.org/code/909/56/lack-recently-reported-installment-accounts

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It sounds like V4 requires that a loan be active (i.e. have a recent payment made to it) in order to benefit from having a low installment utilization, which is the idea behind the Share Secured Loan Technique (an idea that Revelate is indeed the discoverer of).

But there's really no practical reason to get into trouble here.  In the writeup I did on the SSLT, I specifically recommended that people make a small payment to the loan on a regular basis.  E.g. $1.02 every quarter.  That's easy to automate in the billpay utility of most checking accounts.  That prevents the institution from taking AA against you due to a long period of inactivity, but also prevents any scoring system from discounting the tradeline for a similar detection of inactivity.

I am guessing this code only gets triggered if the person hasn't made a payment for 12 months or more.