FICO-8 Hat Trick Complete

[SouthJamaica]

Congratulations.

Question: how many revolving accounts did report balances?

[Anonymous]

I know people have reported 850 scores with 1 scoreable inquiry present, but I'm not sure about multiples.  Any examples of an 850 being possible with 2+ inquiries?

[Anonymous]

Very nice scores!! Those are goals 

[Anonymous]

Congrats, time to hit the garden.

[Thomas_Thumb]

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@Anonymous wrote:

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@Thomas_Thumb

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Thanks TT! 24 years, that's awesome. I also figured AZEO wouldn't be possible for me since I'm an AU and that card only gets PIF when the statement cuts. I typically have anywhere from 2-4 cards reporting a balance. 

I do have FICO 8 BCE from Citi. What's odd is they list too many inquiries when I have zero hard inquiries whatsoever on any of my reports.

 

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Thanks for the graph. Those scores are very stable (4 point range). It looks like you keep a tight reign on utilization and maintain # cards reporting in a narrow band.

I see a bit more fluctuation (11 point range) - perhaps due to a wider 2-6 cards reporting and only having 6 cards. My stats during the below 2016 timeframe: AoOA = 33 years, AAoA = 17 years, AoYA = 6 years, zero INQ. EQ inquiry 6/2014 no longer on report (aged past 2 years)

[Anonymous]

TT, why do you think he's receiving the negative reason statement pointing toward inquiries when he has no inquiries at all on his CR?

[Thomas_Thumb]

The OP has a similar profile to mine. When I took an INQ late last year my score dropped to the range where the OP is and I picked up the "too many inquiries in the last 12 months" reason statement. The only conclusion I can make is the OP indeed has an INQ less than 12 months old that is affecting his score but, it is not being listed on whatever summary report he is reviewing.

[Anonymous]

OP, can you confirm that you have not taken on a HP in the last 12 months?  As TT suggests, perhaps a CMS for whatever reason isn't seeing an inquiry that you have.  If you indeed have not taken on a HP in the last 12 months, the presence of that negative reason statement remains a mystery to me.

[Thomas_Thumb]

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@Anonymous wrote:

Octopus, congrats on the trifecta of 850.  I'll be right there with you in 8 weeks when my only scoreable inquiry on EQ goes away.

Your AoOA is 2 years greater than is necessary for 850's and your AAoA is 3 years greater.  This to me means in theory you could have realized 850's as far back as 2 years ago, but probably only if your AoYA was > 12 months at a point in time during that span. 

While clearly AZEO isn't necessary for 850's, I think that either it OR AoYA > 12 years is necessary.  I'd be curious to know if anyone has gotten to 850 with both < 12 months AoYA and having more accounts with balances.  The installment loan being in an ideal place too of course is a 3rd factor to consider.  Perhaps having 2 out of 3 of these factors in place is what it takes for 850's...

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Number of cards reporting is such a weak factor on Fico 8 that an 850 with multiple cards reporting and AoYA < 12 months is not insurmountable. JDK certainly reported having done that. I was able to maintain 850 with new, scoreable, HPs on EQ and TU and 4 of 6 cards reporting balances (pasted below).

[Side note: The single INQs on EQ and TU did drop my BCE Fico 8 scores EQ 887 => 881, TU 899 => 891 from my prior "zero INQ" 3B report but, that report was 3/25/2017]

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[Anonymous]

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@SouthJamaica wrote:

Congratulations.

Question: how many revolving accounts did report balances?

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Anywhere from 1-4 accounts reporting a balance. Always at least one reports, never AZEO since the one card is an AU which gets PIF when the statement cuts.