EQ BCE FICO-8 Trending Higher

[Anonymous]

My EQ BCE FICO-8 score had been steadily hovering in the 880 range for at least 2 years. In recent months, it's trended higher to 897.

However, they're still giving bogus reasons affecting my score. One is for AoOA / AAoA, both of which are 23 and 14 years respectively. The other reason states no consumer finance loans reporting, which is false since I have an open SSL reporting as well as several paid auto loans. When my score was in the 880 range, they stated I had too many inquiries when in fact I had none. So it's safe to say, the reasons are inaccurate. I'm curious to know if my BCE-8 hit 900 on EX and TU. Either way, it's nice to finally break out of that stagnant 880 range!

[Anonymous]

Are you sure the term "consumer finanace" is what is being shown?  A CFA has a negative scoring impact, so a negative reason statement should never suggest that not having one is a bad thing.  The presence of a CFA on your CR can definitely generate a negative reason statement though.  As far as your age of accounts factors, you didn't mention what your AoYA was.  It is possible that the negative reason statement(s) you see related to age of accounts factors could be considering AoYA as well in addition to AoOA and AAoA, which both do appear to be top-notch in your case. 

[Revelate]

CMS fluff me thinks BBS.

I will look through some of my prior EX reports, too busy most recently and EQ has too many things wrong with it for it to show up in those reason codes, but it is definitely in Classic FICO 8 and generally that holds for the enhanced scorecards too 1:1 in terms of dings at least to my knowledge... industry options are more picky not less typically.

[Anonymous]

"Your FICO® Score is calculated based on data from Equifax using the FICO® Bankcard Score 8 model and is the same score we use, among other information, to manage your account.  This model has a FICO® Score range from 250 through 900."

[Anonymous]

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@Revelate wrote:
CMS fluff me thinks BBS.

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Usually when it comes to CMS fluff we're talking what their front end summary software shows in terms of charts/graphs/numbers/colors.  In this case the OP is referencing FICO negative reason statements, which I'm not sure we can say are fluff.  Do you mean that they're just of the "filler" statement variety?

The second one definitely makes no sense to me regarding a CFA.  If it was your standard no recent installement loan information reason code that would make perfect sense.  The age of accounts related one at the top of the list is still a bit puzzling since clearly the OP has an AoOA and AAoA well in excess of the top tier requirements.  I would like to know his AoYA though, as I'm not convinced that the reason statement given cannot be tied in some way to that factor even though it's not mentioned in the description.

[Revelate]

Not sure there is concrete evidence that any CMS is reporting reason codes correctly (admittedly most do) if there isn’t a comparison point elsewhere.

No presence of a CFA, maybe, and I mean maybe that is a negative factor in BC enhanced but that is F’n weird.

That is why I wanted to see if I get it on Experian bankcard, but I have to get a little cleaner to get that far down the stack apparently.

[Anonymous]

Do you consider a FICO score provided by a CCC (and the reason statements to go along with it) a CMS?  I never thought of it that way personally.  When I think CMS I think of human intervention where someone created fluff largely based on their opinion(s) that may have nothing to do with the FICO algorithm.  When I see a FICO score and reason statements from a CCC, I've never thought that there was any human intervention there and that the data provided was concrete... (genuine score, genuine reason statements) but perhaps my thinking on that isn't necessarily correct.

[Anonymous]

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@Anonymous wrote:

Are you sure the term "consumer finanace" is what is being shown?  A CFA has a negative scoring impact, so a negative reason statement should never suggest that not having one is a bad thing.  The presence of a CFA on your CR can definitely generate a negative reason statement though.  As far as your age of accounts factors, you didn't mention what your AoYA was.  It is possible that the negative reason statement(s) you see related to age of accounts factors could be considering AoYA as well in addition to AoOA and AAoA, which both do appear to be top-notch in your case. 

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BBS, you're right, I have no consumer finance loans. I was thinking they were referring to installment loans. So I'm not sure if they're saying lack of consumer finance loans reporting is negatively affecting my score or that it's positively affecting it.

AoYA (SSL loan) is approximately 19 months. My FICO-8 scores remained @850 when AoYA was age 0 months, at least on EX and TU, I didn't check EQ until several months later and it was @850 as well.