cancel
Showing results for 
Search instead for 
Did you mean: 

Authorized User Accounts now are not counted in scoring model!

Highlighted
Super Contributor

Re: Authorized User Accounts now are not counted in scoring model!

There could definitely be differences that we don’t know about. That’s another reason why I love this group, we get an opportunity to discover figure them out sometimes. Let me ask you a question, do you have any accounts that are on EQ but that are not on the others? Or the reverse?
For a collection of our current FICO scoring wisdom, updated as we learn, read the following. Watch the revision dates on the bottom of the first 8 posts as they are regularly updated: Link to Scoring Primer.

RIP:







Updated June 2020, unless otherwise noted. I took an HP on EX, will reflect on next update.

(Forgive typos, mobile.)(Everything said is Just IMHO.)

In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? Severity and recency? (clean/dirty), Number of accounts, both open and closed on CRs (thick/thin), AoOA? (aged/nonaged), AOYRA-Age of Youngest Revolving Account (new accounts/no new accounts)? Open/closed loan on CR?
For example, mine is clean/thick/aged/new account, with open loan on record.
If you don't know where you fall, just detail any baddies, your number of open and closed accounts, AoOA, AOYRA and whether you have a loan on record.

For utilization questions, list individual and aggregate utilizations, revolving and installment, please.
Message 31 of 34
Highlighted
Regular Contributor

Re: Authorized User Accounts now are not counted in scoring model!


@Birdman7 wrote:
There could definitely be differences that we don’t know about. That’s another reason why I love this group, we get an opportunity to discover figure them out sometimes. Let me ask you a question, do you have any accounts that are on EQ but that are not on the others? Or the reverse?

Yes, I have a collection account on EQ that should be removed any day now.  Other than that, everything is the same.

Rebuilding Since 2016
6/5/2019 - Fico 8 Scores - EQ 672 TU 683 EX 674
6/15/2019 - FICO 8 Scores - EQ 682 TU 698 EX 690
8/10/2019 - FICO 8 Scores - EQ 706 TU 705 EQ 689
9/15/2019 - FICO 8 Scores - EQ 710 TU 713 EX 690
6/6/2020 - FICO 8 Scores EQ 717 TU 720 EX 683
Message 32 of 34
Highlighted
Super Contributor

Re: Authorized User Accounts now are not counted in scoring model!

DB2019 There’s the difference, they’re on different scorecards, so they’re going to most likely be treated differently as a result.
For a collection of our current FICO scoring wisdom, updated as we learn, read the following. Watch the revision dates on the bottom of the first 8 posts as they are regularly updated: Link to Scoring Primer.

RIP:







Updated June 2020, unless otherwise noted. I took an HP on EX, will reflect on next update.

(Forgive typos, mobile.)(Everything said is Just IMHO.)

In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? Severity and recency? (clean/dirty), Number of accounts, both open and closed on CRs (thick/thin), AoOA? (aged/nonaged), AOYRA-Age of Youngest Revolving Account (new accounts/no new accounts)? Open/closed loan on CR?
For example, mine is clean/thick/aged/new account, with open loan on record.
If you don't know where you fall, just detail any baddies, your number of open and closed accounts, AoOA, AOYRA and whether you have a loan on record.

For utilization questions, list individual and aggregate utilizations, revolving and installment, please.
Message 33 of 34
Highlighted
Moderator Emeritus

Re: Authorized User Accounts now are not counted in scoring model!


@NRB525 wrote:

I read the response from Cindy as “there are not many points available for setting up an AU”.  So why bother?

 

Instead of pursuing the idea that AU is magically adding many points to users accounts, perhaps it is time to stop, and start gathering data points. The AZEO method is similarly dangled to new members as an “optimization” method when for FICO 8 it is really just low utilization.  Maybe AU is similarly not a benefit.  

 

It seems most of the people we see trying for AU are rebuilding, and thus in dirty files. Others are new to credit, and experiencing rapid changes on thin files. Are any of those files quiet enough that the benefit of adding the AU is able to be isolated?   

 

 


Sigh, I don't normally disagree with you and I know you put the FICO 8 qualification in there, but AZEO is not FUD.

 

1/18 revolvers, 3/20 accounts EX FICO 2 = 777.

2/18 revolvers, 4/20 accounts EX FICO 2 = 770.

3/18 revolvers, 5/20 accounts EX FICO 2 = 765.

4/18 revolvers, 6/20 accounts EX FICO 2 = 764.

 

Sure, FICO 8 is *much* more forgiving in that it hasn't moved at all and might not for me until 9/18 revolvers on my old data for Experian, but the fact is when it's matters absolutely optimize... 12 points is half a mortgage tier, and I'd argue that FICO 8 scores really aren't that important.

 

You as an experienced member who like me has an absurd number of accounts anyway, can understand that it doesn't matter if the lenders aren't looking at your report/score anyway, and also that your own scores are above the fold so some small blemishes don't matter; however, the beauty of AZEO is that it's simple and works for literally everyone when it comes to FICO optimization strategy.

 

Don't discount it just because you don't need it, especially for members who find this forum who in 99.x% of the cases don't have your credit profile.




        
Message 34 of 34
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.