EXCEPTIONAL amt of debt?

[Anonymous]

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@Anonymous wrote:

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I think the OP needs 1/3rd of revolving lines reporting a balance under 9% utilization in order to get an "exceptional" rating.  Maybe an installment loan under 9% is required too.  I suspect it depends on where the threshold between "exceptional" and "very good" is made for utilization points.

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But these ratings do not have to coincide with score changes.  Just because some CMS fluff moves one's rating from one word to another doesn't mean a Fico score is going to move.  The person that designed the CMS fluff doesn't know everything about the Fico algorithm the same way we don't, so they can't always exactly match some rating change to a threshold that matters relative to Fico scoring.  These things can also be profile-specific, where a threshold being crossed on my file may produce a different result than the same threshold being crossed on your file... yet the CMS fluff is a blanket that [wrongly] covers everything.

[Anonymous]

yay i got the exceptional amount of debt!!!

barclays reported my new card immediately to experian, and i saw it go from "very good" to "exceptional" this means i will no longer have that stupid reason code about too many cards with balances when theres a balance on just 1 card.

but since experian only shows you 3 reason codes i can't verify that the code is gone or what my new 4th code is. do you know a way to check it? the only way i know to check is when i'm denied from discover for a cli and they mail a letter out.

i know it has to be gone though or i wouldn't see this fluffy remark, nothing else has changed at all, literally nothing at all. so the fluff remarks aren't totally useless!

[Anonymous]

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@Anonymous wrote:

yay i got the exceptional amount of debt!!!

barclays reported my new card immediately to experian, and i saw it go from "very good" to "exceptional" this means i will no longer have that stupid reason code about too many cards with balances when theres a balance on just 1 card.

The 'Too many accounts with balances' reason has been gone from all FICO 8 scores on my myFICO monthly 3B reports ever since I went to 50% of cards with a balance (1 of 2). Amount of Debt has always been 'Very Good', so there's more to it than that.

EX 8 never showed 'too many accounts with balances' - ever. Not even with both cards at 9%. It's only TU/EQ where it started showing up when 'short revolving history' started moving down in the list along with both cards having a balance.

but since experian only shows you 3 reason codes i can't verify that the code is gone or what my new 4th code is. do you know a way to check it? the only way i know to check is when i'm denied from discover for a cli and they mail a letter out.

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I always updated my reports using the reasons provided by myFICO on the 3B report. It always matched what Experian CreditWorks showed.

What's really interesting is that the TU myFICO alerts for a score change always show 4 reasons, but when I check my 3B report it will only show 3!

It's interesting that your 3rd card triggered that front-end change. 

[Anonymous]

another interesting thing is that now every single one of the card recommendations on experian say my approval odds are BEST. including at chase & citi where it said my odds were lowest.

[Anonymous]

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@Anonymous wrote:

hi cassie, you added your first bankcard after a year so it's a bit apples to oranges. but here's my data if you want to try matching it up to  yours.

just because you get all the types for creditmix doesn't necessarily mean you score the max points for it. i believe you need 3 bankcards and at least one loan to get max points in the credit mix category. it needs more datapoints.

DATE	EX	TU	EQ	UTIL	PAYMENT HIST	AMT OF DEBT	LENGTH	AMT NEW	CREDITMIX	AoOA (months)	AoYA (months)
08/02/19	707	714	none	19.00%	very good	very good	poor	fair	very good	5	2
08/18/19	717	733	none	2.00%	very good	very good	poor	fair	very good
09/06/19	716	733	none	2.00%	exceptional	very good	poor	good	very good
09/18/19	716	733	none	2.00%	exceptional	very good	poor	good	very good
09/30/19	715	732	none	7.00%	exceptional	very good	poor	good	very good
10/11/19	715	739	none	8.00%	exceptional	very good	poor	good	very good	8	4

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Do you have a myFICO 3B with all 28 scores on any of those dates?

I haven't seen any mortgage or auto scores from others with a thin/young file like ours - it's always been just the F8's. I wonder if the closed installment loan on my file is helping those scores at all.

[Anonymous]

i only have ones for EX, my most recent scores are low since i just did an inq on that report. but you can compare to my scores from 10/21 where they were a bit higher.

10/25/2019

score2: 726

score3: 710

auto score2: 702

auto score8: 682

bankcard score2: 720

bankcard score8: 722

10/21/2019

score2: 735

score3: 714

auto score2: 710

auto score8: 690

bankcard score2: 740

bankcard score8: 714

[Anonymous]

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@Anonymous wrote:

i only have ones for EX, my most recent scores are low since i just did an inq on that report. but you can compare to my scores from 10/21 where they were a bit higher.

10/25/2019

score2: 726

score3: 710

auto score2: 702

auto score8: 682

bankcard score2: 720

bankcard score8: 722

10/21/2019

score2: 735

score3: 714

auto score2: 710

auto score8: 690

bankcard score2: 740

bankcard score8: 714

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The 10/25 report has 3 inquiries on EX vs. 2 inquiries on 10/21? I'm surprised that the 3rd inq still costs around 8pts on a few scores.

Going by your previous table, it looks like this is for AoYA 4 months? With 2 cards and aggregate at 8%? Is one of them reporting a zero balance?

I have an AoYA 4 months report to compare, with both cards at 5% utilization each, aggregate at 5%, and 1 inq on EX. (100% of cards with a balance.)

The only thing that stands out to me is my EX Auto 8 being around 15pts higher than your 10/21 report.

Thanks for posting that! It really doesn't look like a closed SSL is helping much at all!

[Anonymous]

10/21 was mastercard 8mo, discover 5mo. the mastercard had a balance of $18 the other was $0. util was 1% individual and aggregate, and this was with 2 inqs.

how much has your loan helped in each score while its open vs after it closed, compared to this?

[NRB525]

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@Anonymous wrote:

yay i got the exceptional amount of debt!!!

barclays reported my new card immediately to experian, and i saw it go from "very good" to "exceptional" this means i will no longer have that stupid reason code about too many cards with balances when theres a balance on just 1 card.

but since experian only shows you 3 reason codes i can't verify that the code is gone or what my new 4th code is. do you know a way to check it? the only way i know to check is when i'm denied from discover for a cli and they mail a letter out.

i know it has to be gone though or i wouldn't see this fluffy remark, nothing else has changed at all, literally nothing at all. so the fluff remarks aren't totally useless!

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Congrats.

Can you provide your card balances in a grid? There's a lot of text going back and forth for pages here.

What I am expecting to see is, your Average Balance in dollars probably dropped when the third card reported. Is that the trigger to move the Amount of Debt from Very Good to Exceptional? What was that average in dollars before, with two cards, and after with three cards? Dollars, not percentages.

[Anonymous]

i did a pull the day before and the day after it changed over. all information was identical except for the new card. balances were the same, everything the same. so i think it's just the virtue of having 3 cards is what did it. i was at 1% util with $18 balance on one card (azeo).