@Thomas_Thumb wrote:
@SouthJamaica wrote:
@Anonymous wrote:Gotcha, so nothing difinitive at this point. In that thread multiple members made me feel like considering only the highest utilization card for "highest individual utilization card" was crazy, so I was trying to determine if my understanding all along was false.
Right now, I'm leaning towards thinking that it's not true that only the highest individual utilization card counts in FICO 8 score.
And wondering if there's some other metric like 'percentage of accounts > 30%' or something.
Were the same # of cards reporting balances in both cases
yes
and if so, were they the exact same cards?
yes
There has been some discussion on inconsistent treatment of credit union cards. If you had the exact same cards reporting in both cases, it would rule out a change in # accounts with balances being a consideration.
NRB525 has been a proponent of secondary individual cards having an influence on score when UT thresholds are crossed. This would be a good test for someone with a stable file (no new accounts under 12 months age) that has a couple low CL cards but high aggregate CL. Newest account crossing 3 months, 6 months or 12 months could otherwise be a factor as could a change in # of HPs under 12 months.
I think my whole thread has been mooted by my discovery that "recent inquiries" (defined as inquiries within the past 12 months) had dropped from 6 to 5 that day.
@Anonymous wrote:
@SouthJamaica wrote:Well, after scouring the 2 reports I may have found the answer to this mystery:
The number of recent inquiries dropped from 6 to 5.
By recent inquiries, are you talking scoreable inquiries? So, one basically reached 365 days in age?
Yes, EX defines it as inquiries within the past 12 months. So maybe >5 is some kind of threshold in FICO 8.
Sorry folks. I totally missed that a scorable inquiry had dropped off.
Presumably that was the reason for the 'mysterious' increase.
Maybe > 5 recent inquiries is a threshold in FICO 8.
@SouthJamaica wrote:Sorry folks. I totally missed that a scorable inquiry had dropped off.
Presumably that was the reason for the 'mysterious' increase.
Maybe > 5 recent inquiries is a threshold in FICO 8.
Hrm. Maybe, I took drops for #4 and #5 recently too, those were both credit card inquiries from national banks and absolutely unquestionably would count.
I need to go back and see if I have datapoints for #1 through #3, car loan and then 2 CU inquiries for "installment loans". I'm not entirely sure that all of those count and the auto loan should've been grace period, with how many squirrley things we've seen with better data access lately I'm beginning to question some other things now too and need to be re-analyzed.
Nah there is a grace period on all scores for auto / mortgage / student loan inquiries.
But credit union ones might be weird or there is a different label for credit card ones, so many did HP’s for membership historically they might not be indicative of credit seeking behavior unless flagged as credit card or something. I started pulling some data before I went to dinner, there’s some oddities might be on lender name too to determine: either 0-1 is the same on every Experian model or the not quite specific USBank inquiry either was in grace period or didn’t count.
And the weird thing is later I only saw a drop on FICO 2 models, but I need to check my reports wasn’t great data because I skipped 12/23 and 12/24 pulls but if no balances changed it is pretty conclusive so we’ll see.
But credit union ones might be weird or there is a different label for credit card ones, so many did HP’s for membership historically they might not be indicative of credit seeking behavior unless flagged as credit card or something. I started pulling some data before I went to dinner, there’s some oddities might be on lender name too to determine: either 0-1 is the same on every Experian model or the not quite specific USBank inquiry either was in grace period or didn’t count.
And the weird thing is later I only saw a drop on FICO 2 models, but I need to check my reports wasn’t great data because I skipped 12/23 and 12/24 pulls but if no balances changed it is pretty conclusive so we’ll see.
Some data on inquiries and Experian:
| USBank | 11/23/18 | All Banks - Non Specific | |
| First Tech | 12/2/18 | Credit Unions | |
| LMCU | 12/2/18 | Credit Unions | |
| JPMCB Card | 4/2/19 | Bank Credit Cards | |
| Citi Cards | 4/28/19 | Bank Credit Cards | |
| Score Stuff | |||
| 12/2/18 | 12/3/18 | ||
| FICO 8 | 750 | 750 | |
| FICO 2 | 702 | 702 | |
| FICO 2 AU | 696 | 696 | |
| FICO 8 AU | 755 | 755 | |
| FICO 2 BC | 703 | 703 | |
| FICO 3 | 688 | 688 | |
| FICO 8 BC | 782 | 782 | |
| 12/22/18 | 12/25/18 | No balance changes | |
| FICO 8 | 746 | 746 | |
| FICO 2 | 732 | 722 | |
| FICO 2 AU | 709 | 700 | |
| FICO 8 AU | 747 | 747 | |
| FICO 2 BC | 737 | 726 | |
| FICO 3 | 688 | 679 | |
| FICO 8 BC | 769 | 769 | |
| 1/1/19 | 1/2/19 | Clean FICO 8 (PLOC counts) | |
| FICO 8 | 822 | 822 | FICO 2 not clean |
| FICO 2 | 760 | 754 | |
| FICO 2 AU | 752 | 746 | |
| FICO 8 AU | 832 | 832 | |
| FICO 2 BC | 770 | 764 | |
| FICO 3 | 724 | 724 | |
| FICO 8 BC | 852 | 852 |