FICO-II bug? lawyer referrals? how strong is my case?

[Remedios]

---

@Anonymous wrote:

What is EX2? And what significance and impact does the credit limit have? I think my limit is $40K, by the way.

---

EX2 is scoring model you're basing your "lawsuit" on 

Significance is that cards exceeding certain limit are excluded from utilization calculations on older models, but not newer ones.

Hopefully attorney will be a bit more familiar with the topic. 

[AllZero]

---

@Anonymous wrote:

What is EX2? And what significance and impact does the credit limit have? I think my limit is $40K, by the way.

---

Experian FICO 2. Mortgage score. Your referenced II. I am under the presumption we are referencing the same? What are referencing?

$40K limit is very nice. You broke the threshold. See message 6, 10.C. EX2.

[USMC_Winger]

---

@Anonymous wrote:

What is EX2? And what significance and impact does the credit limit have? I think my limit is $40K, by the way.

---

Experian Credit Reporting Agency's FICO Score 2, which is one of the three scores used for mortgages.  $40K exceeds the $31K limit, so just use a different national bank card with a lower credit limit to report a small balance.

[Anonymous]

Ok, thanks for linking me to that. So it looks like there is a credit limit threshold somewhere between 31,000 and 34,900 such that, if your card's limit exceeds that threshold, it might be entirely ignored when generating the EX2 score (but not the EX8 score!).

The intricacies of how these credit scores work is frustrating. It seems silly that, simply because I was deemed *more* credit worthy, I would have my credit score drop.

Thanks again for the info.

[dragontears]

---

@Anonymous wrote:

Ok, thanks for linking me to that. So it looks like there is a credit limit threshold somewhere between 31,000 and 34,900 such that, if your card's limit exceeds that threshold, it might be entirely ignored when generating the EX2 score (but not the EX8 score!).

The intricacies of how these credit scores work is frustrating. It seems silly that, simply because I was deemed *more* credit worthy, I would have my credit score drop.

Thanks again for the info.

---

It has nothing to do with how "credit worrhy" you are to be able to get a card with that high of a limit. 

EX2 was written over 20 years ago, back then most revolving credit with limits that high was HELOC and it was put in place not to penalize those with HELOC. As CL increased for larger number of people FICO tweak that when creating FICO 8 

[Anonymous]

Yeah before you sue someone, you gotta make sure you got a case. 

[Anonymous]

It looks like this was resolved already because a card was being excluded from EX2 scoring due to the high credit limit ($40K).

But this EX FICO 2 'bug' also happened to me with 2 cards reporting $189 and $1234 each, with limits of $2,000 and $13,000, respectively.

Full details from October 2020 are here at this forum link. ($1234 on a Citi Costco Anywhere Visa card, $189 on a credit union Mastercard.)

If I let balances report on my AMEX BCE and Discover It cards, with those 2 above at $0, I don't get the "No recent revolving activity" reason.

Just putting this here in case it happens to someone else and they find this thread.

[Anonymous]

---

@Anonymous wrote:

It looks like this was resolved already because a card was being excluded from EX2 scoring due to the high credit limit ($40K).

But this EX FICO 2 'bug' also happened to me with 2 cards reporting $189 and $1234 each, with limits of $2,000 and $13,000, respectively.

Full details from October 2020 are here at this forum link. ($1234 on a Citi Costco Anywhere Visa card, $189 on a credit union Mastercard.)

If I let balances report on my AMEX BCE and Discover It cards, with those 2 above at $0, I don't get the "No recent revolving activity" reason.

Just putting this here in case it happens to someone else and they find this thread.

---

@Anonymous now that may be a bug for real!! Did you ever try repeating that and see if you got the code again?

[Anonymous]

---

@Anonymous wrote:

---

---

@Anonymous now that may be a bug for real!! Did you ever try repeating that and see if you got the code again?

---

No, but I really should do it after the May $20 AZEO test. So June with something on the Citi Costco card (CL $14,500) alone.

[Anonymous]

Follow-up genuine question: how do we know that the 31K-35K CL exclusion threshold is intended? Did someone from FICO confirm this?