EX FICO 2: neither HELOC nor PLOC (at least mine) counts for using revolving credit

[Revelate]

Baffling, especially with the conflicting reason codes, straight from Experian no less.  Only 6 point penalty so /shrug but still interesting.

Be aware for mortgage: absolutely a bankcard should be carrying your balance.

Fido: $9 -> $0 (15k line)

All other CC's are 0'd

PLOC: 3000/20000

HELOC: 27k/27.1k ish, highly utilized.

EX 8: unchanged
EX 8 AU: unchanged
EX 8 BC: unchanged

EX 3: unchanged

EX 2: 760->754        Short History / High Credit Usage / Not Using Revolving Credit / Seeking Credit
EX 2 AU: 752->746  Short History / High Revolving Balances / High Credit Usage / CFA
EX 2 BC: 770->764  Short History / High Credit Usage / High Revolving Balances / Not Using Revolving Credit

[Thomas_Thumb]

Interesting that PLOC appears to be considered as revolving activity in Fico 8 and Fico 04 but, not in Fico 98.

Number of accounts with a balance should include PLOCs, mortgages, other loan types and charge cards regardless of Fico model. I don't have a PLOC but, my mortgage and charge card have been considered in the metric for the various Fico models

A bit surprised you only had a 6 point drop in Fico 98 for no revolving activity. A "no recent revolving activity" drop in the 10 to 20 range is more typical. However, almost all reported results are in reference to Fico 8.

P.S. The times I have seen a EX Fico 98 score drop but no corresponding change in EX Fico 04 or EX Fico 8 score were when my AMEX charge card reported a high B/HB utilization.

[pizza1]

I love all your DP's Rev!! I know you track those pretty closely

[SouthJamaica]

---

@Revelate wrote:

Baffling, especially with the conflicting reason codes, straight from Experian no less.  Only 6 point penalty so /shrug but still interesting.

Be aware for mortgage: absolutely a bankcard should be carrying your balance.

Fido: $9 -> $0 (15k line)

All other CC's are 0'd

PLOC: 3000/20000

HELOC: 27k/27.1k ish, highly utilized.

EX 8: unchanged
EX 8 AU: unchanged
EX 8 BC: unchanged

EX 3: unchanged

EX 2: 760->754        Short History / High Credit Usage / Not Using Revolving Credit / Seeking Credit
EX 2 AU: 752->746  Short History / High Revolving Balances / High Credit Usage / CFA
EX 2 BC: 770->764  Short History / High Credit Usage / High Revolving Balances / Not Using Revolving Credit

---

Holy cow. As I was trying to interpret this I was wondering what version of EX monitoring service you're using that you're getting EX 2 AU, EX 2 BC, EX 3, and EX 2. Then I scrolled down and found that I had them too.

See, I'm always learning from you

BTW, what's a fido?

[Revelate]

TT: Yeah I'm seriously confused by it, also by the HELOC which I thought counted for all revolving utilization metrics on FICO 2, and not this some but not others behavior seen in EX FICO 2.  I made a lump sum payment today which should show up at the end of the month on that HELOC taking it below 50%, I expect FICO 8 to not do a thing, and FICO 2 to move so I suppose that's another difference.

I'm going to have to retest FICO 8 accounts with balances at some point in the future, my old data suggested it was just on revolvers only and I was very confident in that data, but it was on a dirty scorecard.  FICO 04 and earlier agreed there's other things factored in.  

[Revelate]

---

@SouthJamaica wrote:

---

@Revelate wrote:

Baffling, especially with the conflicting reason codes, straight from Experian no less.  Only 6 point penalty so /shrug but still interesting.

Be aware for mortgage: absolutely a bankcard should be carrying your balance.

Fido: $9 -> $0 (15k line)

All other CC's are 0'd

PLOC: 3000/20000

HELOC: 27k/27.1k ish, highly utilized.

EX 8: unchanged
EX 8 AU: unchanged
EX 8 BC: unchanged

EX 3: unchanged

EX 2: 760->754        Short History / High Credit Usage / Not Using Revolving Credit / Seeking Credit
EX 2 AU: 752->746  Short History / High Revolving Balances / High Credit Usage / CFA
EX 2 BC: 770->764  Short History / High Credit Usage / High Revolving Balances / Not Using Revolving Credit

---

Holy cow. As I was trying to interpret this I was wondering what version of EX monitoring service you're using that you're getting EX 2 AU, EX 2 BC, EX 3, and EX 2. Then I scrolled down and found that I had them too.

See, I'm always learning from you

BTW, what's a fido?

---

Hah, well I'm glad you and others find these useful heh.  

Fido = shorthand forum (CC's) slang for a Fidelity card.  I don't recall who coined that but I picked it up at some point.

[Revelate]

---

@pizza1 wrote:
I love all your DP's Rev!! I know you track those pretty closely

---

Yeah, I really should do more with my life like get some B.S., go to grad school, and geek out being a beaker researcher... but ultimately it's the one I have heh.

[Thomas_Thumb]

Join the club