Thanks for the data point!
I assume this was explicitly going from 0 to 1 HP?
For EX FICO 2 could you share the before and after reason codes? I do see Recently Looking for Credit in my number two slot under Short Credit History at 4 score-able inquiries.
Wouldn’t have thought 30 points for having an inquiry at all but I have a boatload of accounts and my AAOA is a hair under 5 years and my oldest account is much shorter at just under 11 years.
Disco reporting may well be a ding both from AOYA and AAOA: actually is your file basically completely clean?
We are probably on different scorecards but with everything other than file thickness your report is better on the metrics yet my score is slightly higher, and actually markedly higher after your inquiry.
It’s an interesting comparison so yeah definitely would like to see reason codes pretty please
I assume this was explicitly going from 0 to 1 HP?
For EX FICO 2 could you share the before and after reason codes? I do see Recently Looking for Credit in my number two slot under Short Credit History at 4 score-able inquiries.
Wouldn’t have thought 30 points for having an inquiry at all but I have a boatload of accounts and my AAOA is a hair under 5 years and my oldest account is much shorter at just under 11 years.
Disco reporting may well be a ding both from AOYA and AAOA: actually is your file basically completely clean?
We are probably on different scorecards but with everything other than file thickness your report is better on the metrics yet my score is slightly higher, and actually markedly higher after your inquiry.
It’s an interesting comparison so yeah definitely would like to see reason codes pretty please
@Revelate wrote:
Thanks for the data point!
I assume this was explicitly going from 0 to 1 HP?
For EX FICO 2 could you share the before and after reason codes? I do see Recently Looking for Credit in my number two slot under Short Credit History at 4 score-able inquiries.
Wouldn’t have thought 30 points for having an inquiry at all but I have a boatload of accounts and my AAOA is a hair under 5 years and my oldest account is much shorter at just under 11 years.
Disco reporting may well be a ding both from AOYA and AAOA: actually is your file basically completely clean?
We are probably on different scorecards but with everything other than file thickness your report is better on the metrics yet my score is slightly higher, and actually markedly higher after your inquiry.
It’s an interesting comparison so yeah definitely would like to see reason codes pretty please
Sure thing. Shows my Inq's going from 4 to 5 as I had 4 same day back in Jan. for an auto loan that I didn't pull the trigger on. Front end shows those Inqs but actual CR showed only 1 inq as they grouped those into 1 so this Disco would be 2.
Fico 2 reason codes stayed exact same - seeking credit, missed payment and short account history (hmm)
Clean file except did notice 1 30 day late for Cap1 3 years ago, wierd since on auto pay but currenty trying to fight that one. No other deroq's.
I know I'll get a ding with AAoA when Disco hits, but hoping to gain a little something for adding my 2nd open account...
@Anonymous wrote:
Sure thing. Shows my Inq's going from 4 to 5 as I had 4 same day back in Jan. for an auto loan that I didn't pull the trigger on. Front end shows those Inqs but actual CR showed only 1 inq as they grouped those into 1 so this Disco would be 2.
Fico 2 reason codes stayed exact same - seeking credit, missed payment and short account history (hmm)
Clean file except did notice 1 30 day late for Cap1 3 years ago, wierd since on auto pay but currenty trying to fight that one. No other deroq's.
I know I'll get a ding with AAoA when Disco hits, but hoping to gain a little something for adding my 2nd open account...
If you only have 3 reason codes now you'll probably tack on New Accounts somewhere in the 2-3 slot would be my guess when the Disco hits.
Basically the order matters, it takes an absurdly long time for the AAOA one to go away and with it's being in #3 for you means it's not especially relevant to your scoring, kind of like my percentage of accounts with balance dropped into #4 slot for me but hasn't all gone away.
Not certain how many scorecards FICO 98 had, but I suspect either the thin file or the 30D late might have more heavily punished the inquiry than what we typically see even from 1 to 2 anecdotally.
@Anonymous wrote:
@Revelate wrote:
@Anonymous wrote:
Sure thing. Shows my Inq's going from 4 to 5 as I had 4 same day back in Jan. for an auto loan that I didn't pull the trigger on. Front end shows those Inqs but actual CR showed only 1 inq as they grouped those into 1 so this Disco would be 2.
Fico 2 reason codes stayed exact same - seeking credit, missed payment and short account history (hmm)
Clean file except did notice 1 30 day late for Cap1 3 years ago, wierd since on auto pay but currenty trying to fight that one. No other deroq's.
I know I'll get a ding with AAoA when Disco hits, but hoping to gain a little something for adding my 2nd open account...
If you only have 3 reason codes now you'll probably tack on New Accounts somewhere in the 2-3 slot would be my guess when the Disco hits.
Basically the order matters, it takes an absurdly long time for the AAOA one to go away and with it's being in #3 for you means it's not especially relevant to your scoring, kind of like my percentage of accounts with balance dropped into #4 slot for me but hasn't all gone away.
Not certain how many scorecards FICO 98 had, but I suspect either the thin file or the 30D late might have more heavily punished the inquiry than what we typically see even from 1 to 2 anecdotally.
Not sure how they order but the 3 reason codes I have are Seeking credit, missed payments in the left column and then short account history on the right side by itself...
Left Top, Left Bottom, Right Top, Right Bottom = 1, 2, 3, 4 respectively.
Confirmed that against a report from here.
