@Anonymous wrote:
ok i understand now. but do we know what peices exist in each pie category, or the percent of points that they represent? how did you determine that a loan is in the amts owed and not credit mix category?
You can find information on the different sector ingredients on this forum or in researching what goes into each sector online. As far as the percent of points, there's no way of knowing. Much if it can be profile/scorecard-specific too. A small portion of one sector may be "worth" 3 points on one profile and "worth" 10 points on another, simply based on that profile or scorecard assignment, as different signal strength can be assigned based on those factors. The only way to really begin to learn these things is by posting on this forum. If we get enough data points that on similar profiles a change to X causes around Y points, over time such a piece of data may be able to be reasonably relied on for other similar profiles.
An open loan is considered in the Amounts Owed sector of the Fico pie because, quite simply, it's an amount owed. That 30% of the Fico pie looks at open revolving debt and open installment debt. Credit mix can be satisfied if one doesn't have an open installment loan, but does have a closed on as evidenced by the different reason statements seen/reported.
