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No clue if this DP is useful or not, but when my loan reported few days ago (only two payments), all three went up by 3 points.
The reason I'm mentioning this is, original balance $5000.00
Last report shows $4803.00, so only 3% down.
Nothing else reported or changed in a week prior to loan reporting.
March 2020.
First payment reported on 04/5, second payment reported on 05/05, third on 06/05
I have paid EX monitoring, so no shenanigans with timing of alerts, but also MF Advanced.
Because I'm insomniac, I saw it on EX at 330 am 😂
Last card reported on 05/20, and nothing else to report until the 8th
No scoring changes on the 1st of the month.
@Remedios wrote:No clue if this DP is useful or not, but when my loan reported few days ago (only two payments), all three went up by 3 points.
The reason I'm mentioning this is, original balance $5000.00
Last report shows $4803.00, so only 3% down.
Nothing else reported or changed in a week prior to loan reporting.
This could be related to one of the following:
No recent non-mortgage balance information - Code 17 on all 3. Revolving is tracked separately on code 24 (No recent revolving balances)
Lack of recent installment loan information - Codes 32, 4 across all 3
You're now satisfying both of those.
@Anonymouscan you tell us where on the FICO site they have the reason codes?
Thanks
@SouthJamaica wrote:@Anonymouscan you tell us where on the FICO site they have the reason codes?
Thanks
At the bottom of the table in Post #10, I posted a link to the PDF document. And now it returns a 404 Page not Found error.
For some reason, the link to this PDF changes a lot over time. It's only been a few weeks since I looked at it!
The file name is: FICO_Risk_Score_Reason_Codes_1424PS.pdf and includes the text 1424PS 07/13 PDF at the bottom of the document. I couldn't find it again via Google.
It had codes for all 3 CRAs in it too - classic, auto, and mortgage. Maybe it will show up again in Google, because I couldn't find it there or here: https://www.fico.com/en/latest-thinking (Resources)
I didn't look too hard though - no time now.
@SouthJamaica I got this link from one of TT's posts. I haven't really examined it and I don't know what all versions it covers, but check it out, it still has a table of reason codes. I'm hoping it covers more than one version, but I haven't had time to look at it yet. LMK.
https://crecreditservices.com/resources/education/fico-score-factor-codes/
@Anonymous wrote:@SouthJamaica I got this link from one of TT's posts. I haven't really examined it and I don't know what all versions it covers, but check it out, it still has a table of reason codes. I'm hoping it covers more than one version, but I haven't had time to look at it yet. LMK.
https://crecreditservices.com/resources/education/fico-score-factor-codes/
Thanks. Yes it purports to be a list of reason codes for the mortgage scores.