I was starting to think this was going to be a universal problem, and had to check!
My EX2 has been stable ever since the final card updated for January: 739 with same reason statements.
Can you check jan 15th.
@Anonymous wrote:I was starting to think this was going to be a universal problem, and had to check!
My EX2 has been stable ever since the final card updated for January: 739 with same reason statements.
@tooleman694 wrote:Can you check jan 15th.
My EX2 went up +5 points when the last card to close (AMEX) finally updated at Experian on the 14th (to 739, that I posted above, same 739 from 14th through today):
This is what it was on January 12th:
@Iusedtolurk wrote:
@tooleman694 wrote:I had the same issue, I checked my EX mortgage score this morning and I had an 11 point drop. I can't figure it out either. Meanwhile my EQ and TU are doing fine.
Last month my EX dropped 19 points, I figured it was from our morgage INQ that finally became scorable. Then the first of Jan I recovered 6 points. Then bam this morning 11 points gone. It is ticking me off. Good news for me though, my EQ and TU are still high enough to get a mortgage. I just paid off some of my cards to get under 50 percent util, hopefully that will shake up my stupid EX score.
WELL...I was just about to make a post about my Mortgage scores dropping out of the blue when I have not done anything negative. I was about to make the post in the general section but thought it would go better in the Fico scoring section.
Lo and behold I saw this post.
Short and sweet.............I was checking my 28 fico scores today due to them updating from last month and expected some point gains.
Compared to this time last month major changes were:
12 accounts with balances
10 now
38% aggregate util
27% now
To my disappointing surprise I saw my EX mortgage score had dropped 11 points (auto 2 and bankcard 2 dropped points also).
So I looked at my EX I can track day to day changes and saw the drop occured on Jan 16. On Jan 15 it was +11 points higher.
But reports for the 2 days show no changes. They are identical and the rest of the Fico scores are the same for those 2 days.
****Also anyone have any insight when the "Length of time.......established" reason code is no longer applicable.
@Iusedtolurk Do you have the negative Reason Codes for EX2 on the 15th and the 16th?
The length of time accounts established has two triggers: average age of accounts and age of oldest account. Likewise, the revolver one uses average and oldest as well.
@Anonymous wrote:
@Iusedtolurk wrote:
@tooleman694 wrote:I had the same issue, I checked my EX mortgage score this morning and I had an 11 point drop. I can't figure it out either. Meanwhile my EQ and TU are doing fine.
Last month my EX dropped 19 points, I figured it was from our morgage INQ that finally became scorable. Then the first of Jan I recovered 6 points. Then bam this morning 11 points gone. It is ticking me off. Good news for me though, my EQ and TU are still high enough to get a mortgage. I just paid off some of my cards to get under 50 percent util, hopefully that will shake up my stupid EX score.
WELL...I was just about to make a post about my Mortgage scores dropping out of the blue when I have not done anything negative. I was about to make the post in the general section but thought it would go better in the Fico scoring section.
Lo and behold I saw this post.
Short and sweet.............I was checking my 28 fico scores today due to them updating from last month and expected some point gains.
Compared to this time last month major changes were:
12 accounts with balances
10 now
38% aggregate util
27% now
To my disappointing surprise I saw my EX mortgage score had dropped 11 points (auto 2 and bankcard 2 dropped points also).
So I looked at my EX I can track day to day changes and saw the drop occured on Jan 16. On Jan 15 it was +11 points higher.
But reports for the 2 days show no changes. They are identical and the rest of the Fico scores are the same for those 2 days.
****Also anyone have any insight when the "Length of time.......established" reason code is no longer applicable.
@Iusedtolurk Do you have the negative Reason Codes for EX2 on the 15th and the 16th?
The length of time accounts established has two triggers: average age of accounts and age of oldest account. Likewise, the revolver one uses average and oldest as well.
@AnonymousJust noticed the reason code difference from the 15th and 16th is the inclusion of the CFA reason code.
Concerning the age measure how many years would probably eliminate that reason code?
@Iusedtolurk wrote:
@Anonymous wrote:
@Iusedtolurk wrote:
@tooleman694 wrote:I had the same issue, I checked my EX mortgage score this morning and I had an 11 point drop. I can't figure it out either. Meanwhile my EQ and TU are doing fine.
Last month my EX dropped 19 points, I figured it was from our morgage INQ that finally became scorable. Then the first of Jan I recovered 6 points. Then bam this morning 11 points gone. It is ticking me off. Good news for me though, my EQ and TU are still high enough to get a mortgage. I just paid off some of my cards to get under 50 percent util, hopefully that will shake up my stupid EX score.
WELL...I was just about to make a post about my Mortgage scores dropping out of the blue when I have not done anything negative. I was about to make the post in the general section but thought it would go better in the Fico scoring section.
Lo and behold I saw this post.
Short and sweet.............I was checking my 28 fico scores today due to them updating from last month and expected some point gains.
Compared to this time last month major changes were:
12 accounts with balances
10 now
38% aggregate util
27% now
To my disappointing surprise I saw my EX mortgage score had dropped 11 points (auto 2 and bankcard 2 dropped points also).
So I looked at my EX I can track day to day changes and saw the drop occured on Jan 16. On Jan 15 it was +11 points higher.
But reports for the 2 days show no changes. They are identical and the rest of the Fico scores are the same for those 2 days.
****Also anyone have any insight when the "Length of time.......established" reason code is no longer applicable.
@Iusedtolurk Do you have the negative Reason Codes for EX2 on the 15th and the 16th?
The length of time accounts established has two triggers: average age of accounts and age of oldest account. Likewise, the revolver one uses average and oldest as well.
@AnonymousJust noticed the reason code difference from the 15th and 16th is the inclusion of the CFA reason code.
Concerning the age measure how many years would probably eliminate that reason code?
@Iusedtolurk now we are cooking. Well that code is going to be there as long as the CFA is on the record and you don't have other codes push it down. The good news is it probably has less affect over time since everything else does.
There's no way to know but it seems like two years is when they seem to count negatives against you less, but I have no evidence on which to base that for CFAs, I'm just throwing that out there, so don't rely on that.
now why is that code showing on the 16th but not the 15th? Did you get a new loan? Because this is reminiscent of a code popping up one day with a score change with nothing changing on the credit report, and then a few days later it reversing. I remember a glitch like that. I think it was @SouthJamaica , but I'm not gonna swear to it.
if you don't have any new loans, you do have a CFA, it's just now appearing, and before you only had three codes, that would seem to indicate scorecard change. How old is the CFA?