Dirty Scorecards

[Greenmach]

Hey all!

So there's a lot of information on the different scorecards, point loss/gains, and reassignments. However, most of what I've found focus mainly on clean scorecards. Which of course is understandably the goal. I (along with I assume many others) am and will not be on a clean one for some time due to one reason or another. Knowing there are 4 dirty scorecards, what information is out there regarding those?  What constitutes which one you're on, or probable max scoring?  

[MasonK]

Good information on this topic in this thread.

[Greenmach]

@MasonK 

Thanks!  That was very informative!  

[Anonymous]

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@Greenmach wrote:

Hey all!

So there's a lot of information on the different scorecards, point loss/gains, and reassignments. However, most of what I've found focus mainly on clean scorecards. Which of course is understandably the goal. I (along with I assume many others) am and will not be on a clean one for some time due to one reason or another. Knowing there are 4 dirty scorecards, what information is out there regarding those?  What constitutes which one you're on, or probable max scoring?  

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@Greenmach I highly recommend that you read the Scoring Primer linked at the top of my signature. it explains the segmentation for dirty cards as far as we know for version 8 and the mortgage Scores.

800s are possible with a 60 day late. Check out the threads in post 7 of the Primer. 

[Anonymous]

760-770 scores are possible with a single major negative item as well.

[MasonK]

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@Anonymous wrote:

760-770 scores are possible with a single major negative item as well.

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Surprisingly, I have a 753 TU with 9 120 lates. I didn't think I'd get above 730; so yeah, I would also agree that 760-770 is quite possible.

[Anonymous]

Yup, great point of reference above.  I would imagine you've got a thick/aged file?  Those factors can help absorb/overcome negative items better than thin/young files.

[MasonK]

You called it exactly right! Thick, aged, and 6 years since DOFD on that last bad loan. AoOA is 17 years. But I will also confirm that even age doesn't hold it up when you have 134 major derogs. I was stuck at 650-675 for four years and another 3 at 710 with 47 majors.

[Anonymous]

Once you're talking multiple majors you're dealing with rapidly diminishing returns when it comes to scoring.  Somone with just a couple of majors compared to someone with 50 or someone with 100 can actually possess nearly the same scores on otherwise identical profiles.