Experian insufficient amount of accounts BS!!!

[LP007]

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@LP007 wrote:

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@Anonymous wrote:

Slab, how many total accounts did you have at the time?  If anything like Cassie, I'm imagining just a few?

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At the time, which is now, truly 7 open, 17 total.

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My bad, you weren't talking to me.

[AndySoCal]

here is a link that might help

https://www.experian.com/blogs/ask-experian/the-meaning-of-too-few-accounts-paid-as-agreed/ 

When you pulled the credit report was there payment history on the new accounts you opened this year?

If not the reason code might be a side effect of that.

[Slabenstein]

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@Anonymous wrote:

Slab, how many total accounts did you have at the time?  If anything like Cassie, I'm imagining just a few?

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Eight on EX.  2 SLs,  4 bankcards, 1 PLOC, and 1 closed retail card.  One thing that is interesting is that Sept 15th was right after my CFU first reported to the bureaus.  The "few accounts paid on time" reason statement stayed on my EX AU8 & BC8 scores until Nov 1, when it was replaced by "short account history".  The CFU was opened Aug 12, so by FICO counting I think Nov 1 was right when that account hit 2 mo's.

Edit: I went and looked at the CCTs I have from prior to Sept 15.  That was actually the day that the CFU first showed up on EX, and, before that, my AU8 and BC8 reason statements were supressed, so I don't know whether "few accounts paid on time" was there before or not.

[Slabenstein]

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@LP007 wrote:

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@LP007 wrote:

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@Anonymous wrote:

Slab, how many total accounts did you have at the time?  If anything like Cassie, I'm imagining just a few?

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At the time, which is now, truly 7 open, 17 total.

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My bad, you weren't talking to me.

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DP from your case is helpful, though, too!

[Anonymous]

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@Slabenstein wrote:

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@Anonymous wrote:

Slab, how many total accounts did you have at the time?  If anything like Cassie, I'm imagining just a few?

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Eight on EX.  2 SLs,  4 bankcards, 1 PLOC, and 1 closed retail card.

I don't think that can be 'too few accounts' on its own.

The possibility exists that this reason statement didn't make the top 4 on any of my scores since adding 2 cards, but I really think inactivity may be at play here. Evidence for that is in the reason statement lists I compiled.

Look at all these reasons related to recent activity: (from my FICO 8 Reason Differential post)

EX 8 is the one looking at more than the rest, too. I wasn't able to find Auto 8 or Bankcard 8 reason statements, but I bet they're the same on those industry specific models.

EQ 8	TU 8	EX 8
Too few accounts currently paid as agreed	Too few accounts currently paid as agreed	Too few accounts currently paid as agreed
Too few accounts with recent payment information	DOES NOT TRACK	Too few accounts with recent payment information
DOES NOT TRACK	Too few active accounts	Too few active accounts

[Anonymous]

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@LP007 wrote:

Is this some bull, or is this some bull?

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@LP007 aging metrics please?

[Anonymous]

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@Anonymous wrote:

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@Slabenstein wrote:

I went and looked at old CCT pulls to double check, and here it is on an AU8 from Sept.  BC8 from that date had it as well.  I would love to know whether classic 8 did too, but, alas, they are suppressed.

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This exactly where I saw 'Few Accounts Paid on Time' during my first 1yr 2mos of revolving credit history with only 2 cards on my file.

Always EX Auto 8 and EX Bankcard 8. I was seeing it on EX 8 right up until AoYA/AoYRA 3 months, and then I never saw it again.

One time at AoYA 11mo (still 2 cards) it popped up on EQ 5, but I've never seen it since.

After adding 2 cards to make a total of 4 open on file, it disappeared from EX Auto 8 and EX Bankcard 8 and I haven't seen it since across all 28 FICO scores on my monthly 3B reports.

I've always had 50% or more of cards reporting a balance (always at/or below 9%): 1-of-2, 2-of-2, 2-of-4, 3-of-4, or 4-of-4.

Maybe there is something to that 'payment inactivity' theory.

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@Anonymous it could be an industry only code, have we determined which ones from version 8 are industry only?

[Anonymous]

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@Slabenstein wrote:

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@Anonymous wrote:

Slab, how many total accounts did you have at the time?  If anything like Cassie, I'm imagining just a few?

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Eight on EX.  2 SLs,  4 bankcards, 1 PLOC, and 1 closed retail card.  One thing that is interesting is that Sept 15th was right after my CFU first reported to the bureaus.  The "few accounts paid on time" reason statement stayed on my EX AU8 & BC8 scores until Nov 1, when it was replaced by "short account history".  The CFU was opened Aug 12, so by FICO counting I think Nov 1 was right when that account hit 2 mo's.

Edit: I went and looked at the CCTs I have from prior to Sept 15.  That was actually the day that the CFU first showed up on EX, and, before that, my AU8 and BC8 reason statements were supressed, so I don't know whether "few accounts paid on time" was there before or not.

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@Slabenstein that would be AOYA 3 months, but that's not necessarily where it's from what were your aging Metrics then?

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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@Slabenstein wrote:

I went and looked at old CCT pulls to double check, and here it is on an AU8 from Sept.  BC8 from that date had it as well.  I would love to know whether classic 8 did too, but, alas, they are suppressed.

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This exactly where I saw 'Few Accounts Paid on Time' during my first 1yr 2mos of revolving credit history with only 2 cards on my file.

Always EX Auto 8 and EX Bankcard 8. I was seeing it on EX 8 right up until AoYA/AoYRA 3 months, and then I never saw it again.

One time at AoYA 11mo (still 2 cards) it popped up on EQ 5, but I've never seen it since.

After adding 2 cards to make a total of 4 open on file, it disappeared from EX Auto 8 and EX Bankcard 8 and I haven't seen it since across all 28 FICO scores on my monthly 3B reports.

I've always had 50% or more of cards reporting a balance (always at/or below 9%): 1-of-2, 2-of-2, 2-of-4, 3-of-4, or 4-of-4.

Maybe there is something to that 'payment inactivity' theory.

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@Anonymous it could be an industry only code, have we determined which ones from version 8 are industry only?

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That one isn't. That's just Experian's front-end translation of the standard FICO reason statement. I saw the same wording on EX 8 when it showed at AoORA 1mo and 2mo.

EX may call it 'too few accounts in good standing' or 'few accounts paid on time', but this is the one. It's also the one I see on my monthly 3Bs when EX says the other.

Too few accounts currently paid as agreed

Your FICO® Score considers the number of accounts where you are paying your bills as agreed. In your case this number is too low because you have very few accounts or because you've missed payments recently on some of your accounts.

[Slabenstein]

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@Anonymous wrote:

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@Slabenstein wrote:

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@Anonymous wrote:

Slab, how many total accounts did you have at the time?  If anything like Cassie, I'm imagining just a few?

---

Eight on EX.  2 SLs,  4 bankcards, 1 PLOC, and 1 closed retail card.  One thing that is interesting is that Sept 15th was right after my CFU first reported to the bureaus.  The "few accounts paid on time" reason statement stayed on my EX AU8 & BC8 scores until Nov 1, when it was replaced by "short account history".  The CFU was opened Aug 12, so by FICO counting I think Nov 1 was right when that account hit 2 mo's.

Edit: I went and looked at the CCTs I have from prior to Sept 15.  That was actually the day that the CFU first showed up on EX, and, before that, my AU8 and BC8 reason statements were supressed, so I don't know whether "few accounts paid on time" was there before or not.

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@Slabenstein that would be AOYA 3 months, but that's not necessarily where it's from what were your aging Metrics then?

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