Experian Fico 2 drops with no change on report

[Anonymous]

---

@Anonymous wrote:

---

@Anonymous wrote:

---

From 6/2 to 6/3, there would be no change in aging, as that already happened on the 1st.

---

I  know that this is true for things like AAoA and AoOA. But is it true for all age-related factors?  My reports list "3/2/20"  under  "balance update" for my closed installment account (although "status update" is "3/1/20").  So in theory Fico 2  might have used   the "3/2/20" to determine the score. But to be honest, I don't believe this myself.  Whether  you  had an open installment loan three months ago or four months ago should not make any difference for the Fico sore.

---

Wow, check this out:

Lack of recent revolving HELOC information - Code 59 for EX FICO 2

You might not even see the reason statement in the top 4.

Also interesting to me is that from 3/2 to 6/3 is close enough to the 3 month mark when I have always observed aging changes to happen at multiples of 3.

Another thing that may be related to this is that something odd happened to another member here with EX FICO 2, involving the the extra day from the leap year we're currently in. It was as if the score was updated one day later, but just with EX 2.

[Trudy]

This type of change happened to me and didn't affect F8 but did drop all EX2 scores.  It was due to an old closed account that fell off which dropped my AAoA by 3 months.  But it sounds like you've already verified this.

[Anonymous]

I just remembered that I got a inquiry on  my Ex CR on 5/3/20 for a credit card application, increasing the number of inquiries in the last 12 months from 1 to 2.  I think Fico 2 counts  inquiries  for mortage application only after 30 days.  Could the same be true for  credit card applications?

[Anonymous]

---

@Anonymous wrote:

I just remembered that I got a inquiry on  my Ex CR on 5/3/20 for a credit card application, increasing the number of inquiries in the last 12 months from 1 to 2.  I think Fico 2 counts  inquiries  for mortage application only after 30 days.  Could the same by true for  credit card applications?

---

Oh no, I saw the hit on EX 2 right away - the next day - after my 2 recent inquiries in February for 2 new cards.

That would have been factored in already on your 6/2 report.

[SouthJamaica]

---

@Anonymous wrote:

I just remembered that I got a inquiry on  my Ex CR on 5/3/20 for a credit card application, increasing the number of inquiries in the last 12 months from 1 to 2.  I think Fico 2 counts  inquiries  for mortage application only after 30 days.  Could the same by true for  credit card applications?

---

It could be. Especially since inquiries do not specify what they are inquiries for.

[Anonymous]

---

@Anonymous wrote:

---

@Anonymous wrote:

I just remembered that I got a inquiry on  my Ex CR on 5/3/20 for a credit card application, increasing the number of inquiries in the last 12 months from 1 to 2.  I think Fico 2 counts  inquiries  for mortage application only after 30 days.  Could the same by true for  credit card applications?

---

Oh no, I saw the hit on EX 2 right away - the next day - after my 2 recent inquiries in February for 2 new cards.

That would have been factored in already on your 6/2 report.

---

I just checked my sparse records: On 10/30/19 I got a bank card inquiry on Ex  (with no other inquires in the 12  months before) and my  Ex Fico 2 did not change. On the same day my DW got also  got  a bank card inquiry on Ex (also going from 0 to 1) and her Ex Fico dropped  11 points.   I do not know whether my Ex Fico 2 changed on 11/30/19 and/or on 5/3/20.

Now my DW just got a Bank card inquiry  on 6/6/20 on Ex (going from 1 to 2) and her Ex Fico 2 did not change.  I will  make sure to check whether there are any changes  7/4/30-7/6/30.

[Anonymous]

---

@SouthJamaica wrote:

---

@Anonymous wrote:

I just remembered that I got a inquiry on  my Ex CR on 5/3/20 for a credit card application, increasing the number of inquiries in the last 12 months from 1 to 2.  I think Fico 2 counts  inquiries  for mortage application only after 30 days.  Could the same by true for  credit card applications?

---

It could be. Especially since inquiries do not specify what they are inquiries for.

---

The  inquiry on 5/3/20 on my Ex CR says "Business Type:  Bank Credit Cards" so I doubt it's getting confused with a mortage inquiry.

[Anonymous]

---

@Anonymous wrote:

Now my DW just got a Bank card inquiry  on 6/6/20 on Ex (going from 1 to 2) and her Ex Fico 2 did not change.  I will  make sure to check whether there are any changes  7/4/30-7/6/30.

---

My DW's Ex Fico 2 was 783 on 7/6/20 and dropped to 778 on 7/7/20. There were  exactly two  changes on the CR:  One credit card balance changed from $5 to $0 and one from $5005 to $4909. None  of those two changes could have caused the score to go down. So it does seem that Ex Fico 2 counts some bank card inquires only after 31 days.

[Anonymous]

It appears the 30 day buffer is in play. It’s off by one day because of leap year apparently on EX2.

Inquiries have very specific codes and maybe the coding was wrong or maybe they have an updated coding that EX2 recognises as installment? I’m guessing a little here?

[Anonymous]

Meanwhile just for S and G would you list the following:

Any derogatories?
AAoA
AoOA
AAoRA
AoORA
AoYRA
Number of accounts (Open and closed).