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Data Points for Specific Fall Off Dates

MasonK
Regular Contributor

Data Points for Specific Fall Off Dates

It’s been a wild ride for the past 7 years starting with me and my wife going from stable and solvent to both being laid off, getting divorced, losing the house, and letting every loan go into major delinquency. Today marked the first falloff of my foreclosure and my first huge increase in scoring.

 

Inspired by JagerBombs89’s epic chronical about going from over 800 into foreclosure and back, I am creating this post to track specific falloff points to determine when, how, and by how much certain events can suppress a score. I want to say again that my main focus here wanting to highlight when and how information falloff is handled by the 3 CRAs. These DPs are a little thin on the forum.

 

1/20/21 Event: 2 foreclosures being removed from Experian.

DOFD: 4/2014

Last Day of String: 11/2014 (unbroken string of lates)

Fall Off Notes:

  • EX report listed both mortgage accounts will be removed 1/21; both removed from report 1/20/21. This is not consistent with other DPs I have seen on the forum being 2 full weeks and three full weekends into the month.
  • EQ report lists the same late dates, 4/14 late has been removed from that report on 1st mortgage, 2nd Mortgage has been totally removed although it was not showing any lates, just the CO.
  • TU report lists the same late dates for both mortgages, no change to any mortgage accounts.

Remaining Negative Information: There should be 30 student loan lates on the EX report, but they have not been showing up on my EX report since those 30 lates on 3 different loans vanished for no good reason in September 2020. This report is now showing 100% clean (unlike EQ and TU).

 

Scores (EX):

FICO 8: 713 -> 796

FICO 2: 727 -> 807

Auto 2: 763 -> 841

Auto 8: 741 -> 816

Bankcard 2: 734 -> 835

Bankcard 3: 720 -> 811

Bankcard 8: 726 -> 808

 

FICO 8 (EQ): 710 -> 711

FICO 8 (TU): 726 -> 731

 

2/6/21 Event: 1 foreclosure being removed from Equifax and Transunion.

DOFD: 4/2014 (Both)

Last Day of String: 11/2014 (unbroken string of lates)

Fall Off Notes:

  • TU report lists 1st mortgage falloff 2/21; removed from report 2/5/21.
  • EQ report lists 1st mortgage DOFD as 4/14, removed 2/6/21.

Remaining Negative Information: 2nd Mortgage CO still on TU listed to be removed  3/21. EQ has no remaining mortgage accounts listed. ~30 lates on 3 different student loans remain on EQ and TU.

 

Score Changes (EQ & TU):

TU FICO 8: 731 -> 731

EQ FICO 8: 711 -> 725

 

Next event will be 2nd mortgage coming off TU next month and we should see a score boost from that.

4/18/16 FICO8 Scores: EX: 451, EQ: 431, TU: 482
1/20/21 FICO8 Scores: EX: 796, EQ: 711, TU: 731
FICO9 EX: 800

Message 1 of 7
6 REPLIES 6
BrutalBodyShots
Super Contributor

Re: Data Points for Specific Fall Off Dates

Congrats on getting clean again!  Nice score gains.  Looks like gains of around 80 points on average give or take, right in line with what is typically expected when one's final major negative item comes off and a file moves from dirty to clean.  Great work and thanks for the data!

Message 2 of 7
LaHossBoss
Valued Contributor

Re: Data Points for Specific Fall Off Dates


@MasonK wrote:

It’s been a wild ride for the past 7 years starting with me and my wife going from stable and solvent to both being laid off, getting divorced, losing the house, and letting every loan go into major delinquency. Today marked the first falloff of my foreclosure and my first huge increase in scoring.

 

Inspired by JagerBombs89’s epic chronical about going from over 800 into foreclosure and back, I am creating this post to track specific falloff points to determine when, how, and by how much certain events can suppress a score. I want to say again that my main focus here wanting to highlight when and how information falloff is handled by the 3 CRAs. These DPs are a little thin on the forum.

 

1/20/21 Event: 2 foreclosures being removed from Experian.

DOFD: 4/2014

Last Day of String: 11/2014 (unbroken string of lates)

Fall Off Notes:

  • EX report listed both mortgage accounts will be removed 1/21; both removed from report 1/20/21. This is not consistent with other DPs I have seen on the forum being 2 full weeks and three full weekends into the month.
  • EQ report lists the same late dates, 4/14 late has been removed from that report on 1st mortgage, 2nd Mortgage has been totally removed although it was not showing any lates, just the CO.
  • TU report lists the same late dates for both mortgages, no change to any mortgage accounts.

Remaining Negative Information: There should be 30 student loan lates on the EX report, but they have not been showing up on my EX report since those 30 lates on 3 different loans vanished for no good reason in September 2020. This report is now showing 100% clean (unlike EQ and TU).

 

Scores (EX):

FICO 8: 713 -> 796

FICO 2: 727 -> 807

Auto 2: 763 -> 841

Auto 8: 741 -> 816

Bankcard 2: 734 -> 835

Bankcard 3: 720 -> 811

Bankcard 8: 726 -> 808

 

FICO 8 (EQ): 710 -> 711

FICO 8 (TU): 726 -> 731

 

Next updates: Foreclosures slated to be removed from EQ and TU 2/21 &  3/21. SL lates will begin to age out 6/21.


Were the SL lates a string of lates?

 

You could also request EE from TU for the FC(s), if you are so inclined.

 

The thought with EX is that basically they will get around to removing accounts at basically any point during the month listed for "on record until". The DPs are all over the place for when they decide to drop those TLs. Although, technically, 3 full weekends and 2 full weeks did pass before yours did finally come off.

 

Congrats on the baddies falling off and thanks for the DPs!




Starting Score: 2•20 | EQ 550 | TU 498 | EX 505
Current Score: 2•21 | EQ [F8 640] [F9 645] [EQ5 678] [VS3 651] | TU [F8 620] [F9 620] [TU4 683] [VS3 605] | EX [F8 612] [F9 651] [EX2 628] [VS3 589]
Goal Score: 670


Take the myFICO Fitness Challenge

SO Starting Score: 2•20 | EQ 502 | TU 484 | EX 521
SO Current Score: 2•21 | EQ [F8 665] [F9 659] [EQ5 657] [VS3 655] | TU [F8 676] [F9 659] [TU4 644] [VS3 674] [VS4 658] | EX [F8 659] [F9 664] [EX2 640] [VS3 680]
Goal Score: 670 [X] TU


Take the myFICO Fitness Challenge



Message 3 of 7
MasonK
Regular Contributor

Re: Data Points for Specific Fall Off Dates


@LaHossBoss wrote:

 

Were the SL lates a string of lates?

 

You could also request EE from TU for the FC(s), if you are so inclined.

 

The thought with EX is that basically they will get around to removing accounts at basically any point during the month listed for "on record until". The DPs are all over the place for when they decide to drop those TLs. Although, technically, 3 full weekends and 2 full weeks did pass before yours did finally come off.


Excellent questions!

 

These falloffs were 2 mortgages in foreclosure/chargeoff; yes- unbroken strings of lates.

 

I could request EE, but I've decided not to request EE on any of my baddies to document the specific falloff dates and see how to items fall off over time and by CRA. This is a controlled data gathering push to acquire more precise DPs.

 

As for EX falling off, I've seen a few posts that say one week plus one weekend. I'm just looking to document exact dates and offer possible guidelines as to when things drop either based on date or on more abstract things like first week/first weekend.

4/18/16 FICO8 Scores: EX: 451, EQ: 431, TU: 482
1/20/21 FICO8 Scores: EX: 796, EQ: 711, TU: 731
FICO9 EX: 800

Message 4 of 7
MasonK
Regular Contributor

Re: Data Points for Specific Fall Off Dates

Updated the main post with new information.

 

TL;DR: Wells Fargo fell off EQ and TU. EQ now just has ~30 late SL payments against 3 loans; TU still has the Citimortgage CO until next month. EQ up 15; TU remains flat.

4/18/16 FICO8 Scores: EX: 451, EQ: 431, TU: 482
1/20/21 FICO8 Scores: EX: 796, EQ: 711, TU: 731
FICO9 EX: 800

Message 5 of 7
LaHossBoss
Valued Contributor

Re: Data Points for Specific Fall Off Dates


@MasonK wrote:

Updated the main post with new information.

 

TL;DR: Wells Fargo fell off EQ and TU. EQ now just has ~30 late SL payments against 3 loans; TU still has the Citimortgage CO until next month. EQ up 15; TU remains flat.


Congrats on those finally aging off!

 

Just curious, was the age off date from a CMS alert or doing an ACR 3B (or other source) CR pull?

 

When SO had 1 of his 2 COs EE'd, he also saw +0 pts score gain on TU (also has 29 SL lates). I am thinking that after the 2nd CO comes off is when he will see the score boost.




Starting Score: 2•20 | EQ 550 | TU 498 | EX 505
Current Score: 2•21 | EQ [F8 640] [F9 645] [EQ5 678] [VS3 651] | TU [F8 620] [F9 620] [TU4 683] [VS3 605] | EX [F8 612] [F9 651] [EX2 628] [VS3 589]
Goal Score: 670


Take the myFICO Fitness Challenge

SO Starting Score: 2•20 | EQ 502 | TU 484 | EX 521
SO Current Score: 2•21 | EQ [F8 665] [F9 659] [EQ5 657] [VS3 655] | TU [F8 676] [F9 659] [TU4 644] [VS3 674] [VS4 658] | EX [F8 659] [F9 664] [EX2 640] [VS3 680]
Goal Score: 670 [X] TU


Take the myFICO Fitness Challenge



Message 6 of 7
MasonK
Regular Contributor

Re: Data Points for Specific Fall Off Dates


@LaHossBoss wrote:

Just curious, was the age off date from aCMSS alert or doing anACRR3BB (or other source)CRR pull?

 

When SO had 1 of his 2 COs EE'd, he also saw +0ptss score gain onTUU (also has 29SLLlatess). I am thinking that after the2ndd CO comes off is when he will see the score boost.


I'm using the dates that I got the CR Update push notice from MyFICO as the Age Off Date for data points. As for when they are supposed to drop off date, that's from ACR.

 

I suspect that TU will jump once the Citimortgage CO goes away. I wasn't totally suprised to see no change since I'm pretty much maxed out on my score for having a CO present with other 120+lates. My DPs are consistent with other DPs that a CO would supress around 85 points.

 

What will be interesting to me is what the other lates are holding it back. I couldn't get that data from EX since they magically excluded all my SL lates back in September and I only got about 5 points back for that with 2 foreclosures still on record. My guess is that it will be similar to my EQ rebound of about 15.

4/18/16 FICO8 Scores: EX: 451, EQ: 431, TU: 482
1/20/21 FICO8 Scores: EX: 796, EQ: 711, TU: 731
FICO9 EX: 800

Message 7 of 7
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