Experian insufficient amount of accounts BS!!!

[Anonymous]

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@Thomas_Thumb wrote:

2) It could be identifying a shortcoming or gap that has the potential to cost points. In this case points may not be lost if an alternate attribute has the ability to fill the gap.

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Interesting take/perspective.  I haven't heard that before and always presumed a negative reason statement meant point(s) lost, period end of story.

[Anonymous]

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@Anonymous wrote:

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@Thomas_Thumb wrote:

2) It could be identifying a shortcoming or gap that has the potential to cost points. In this case points may not be lost if an alternate attribute has the ability to fill the gap.

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Interesting take/perspective.  I haven't heard that before and always presumed a negative reason statement meant point(s) lost, period end of story.

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@Anonymous look at the example Scorecard in the Primer thread. Depending on the number of bankcards, e.g. is how many points are awarded. Other metrics are similar. Therefore a reason statement pops up if you're not in the optimal range, so it doesn't mean necessarily it's costing you but that you are leaving points on the table, imho. 

[Anonymous]

For what it’s worth I think the reason code in question appears on thin files, esp. when there’s a new account, or potentially on young files especially with new accounts. Potentially on older or thicker files if there are a few that are active? Thoughts?

[Slabenstein]

Unfortunately due to reason statement suppression, I don't know when "few accounts paid on time" showed up on my industry scores or whether it was on classic 8 also, but it could have been due to thinness relative to what the industry scores are supposed to be for + having a new account < 3 mo's old.  For AU8, I've never had an auto loan and only have two installments of any kind.  For BC8, I only had 4 bank cards at the time, and only 3 with any age.

[Anonymous]

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@Slabenstein wrote:

Unfortunately due to reason statement suppression, I don't know when "few accounts paid on time" showed up on my industry scores or whether it was on classic 8 also, but it could have been due to thinness relative to what the industry scores are supposed to be for + having a new account < 3 mo's old.  For AU8, I've never had an auto loan and only have two installments of any kind.  For BC8, I only had 4 bank cards at the time, and only 3 with any age.

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@Slabenstein makes sense I think with the thin file and the new account.