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General Scoring Primer and Version 8 Master Thread, pub.5.17.20

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Valued Contributor

Re: General Scoring Primer and Version 8 Master Thread, rev.5.17.20

@SouthJamaica, @Birdman7 :

 

I found the source document in the wayback machine from August 2015: (also updated link in Post #10)

http://web.archive.org/web/20140825110049/http://www.fico.com/en/wp-content/secure_upload//FICO_Scor...

 

Several other credit related sites note that this document seems to disappear from FICO's website every so often.

Save it to your computer!

 

You'll also have to rotate it clockwise to read the code tables.

27 FICO Scores + 3 VS3. MTG (Mortgage), AUT (Auto), and BKC (Bankcard) are scores 5,4, and 2 from the top.

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46 forum members have shared this new credit score. Share yours today!

Message 81 of 264
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Super Contributor

Re: General Scoring Primer and Version 8 Master Thread, rev.5.17.20

@CassieCardthank you very very much!

Our FICO scoring wisdom, regularly updated: Link to Scoring Primer.

Negative Reason Codes/Scoring Factors by CassieCard: Link to Reason Code Chart.

ccquest’s awesome workbook to calculate metrics for you: Link to Workbook.


Oct 2020. Oldest/average varies. (Estimates above.)
Real world maximums for the mortgage scores are:
EQ5-818, TU4-839, EX2-844.



RIP: (Forgive typos, mobile. Everything said is JMHO.)
In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? Severity and recency? (clean/dirty), Number of accounts, both open and closed on CRs (thick/thin), AoOA? (Mature/young), AOYRA-Age of Youngest Revolving Account (new accounts/no new accounts)? Open/closed loan on CR? AoYA? Etc...
Message 82 of 264
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Valued Contributor

Re: General Scoring Primer and Version 8 Master Thread, rev.5.17.20


@Birdman7 wrote:
@CassieCardDoes this include all versions? A table for each iteration?

And thank you very very much!

Mortgage and Auto are differentiated by (M) and (I) in the same table that spans 3 pages.

 

The first page explains it.

27 FICO Scores + 3 VS3. MTG (Mortgage), AUT (Auto), and BKC (Bankcard) are scores 5,4, and 2 from the top.

Keeper of the Scrolls of ResilienceEQ FICO Resilience Index Score Leaderboard

46 forum members have shared this new credit score. Share yours today!

Message 83 of 264
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Super Contributor

Re: General Scoring Primer and Version 8 Master Thread, rev.5.17.20

@CassieCard What about score 8? Isn’t that for the mortgage scores only?
Our FICO scoring wisdom, regularly updated: Link to Scoring Primer.

Negative Reason Codes/Scoring Factors by CassieCard: Link to Reason Code Chart.

ccquest’s awesome workbook to calculate metrics for you: Link to Workbook.


Oct 2020. Oldest/average varies. (Estimates above.)
Real world maximums for the mortgage scores are:
EQ5-818, TU4-839, EX2-844.



RIP: (Forgive typos, mobile. Everything said is JMHO.)
In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? Severity and recency? (clean/dirty), Number of accounts, both open and closed on CRs (thick/thin), AoOA? (Mature/young), AOYRA-Age of Youngest Revolving Account (new accounts/no new accounts)? Open/closed loan on CR? AoYA? Etc...
Message 84 of 264
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Frequent Contributor

Re: General Scoring Primer and Version 8 Master Thread, rev.5.17.20

AU account updated on EX today, and to quote Keanu Reeves "WOAHHH! " as all I can say.

 

EX8 gained +14, +16, +16 points across my account and both DD's accounts by having an AU report a $9 balance this month.  It was a mixed bag of results though... EX8 and most EX Fico 8 (auto, bankcard) variants responded favorably, but other older scores and some 8's did not like that AU reporting a balance.

 

Will post DP's later on a seperate thread (hopefully later today).



Authorized User
Message 85 of 264
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Valued Contributor

Re: General Scoring Primer and Version 8 Master Thread, rev.5.17.20


@Birdman7 wrote:
@CassieCardWhat about score 8? Isn’t that for the mortgage scores only?

Score 8 codes are all the ones without the (M) or (I).

 

(M) indicates only for a mortgage score - 5,4, or 2.

 

 

27 FICO Scores + 3 VS3. MTG (Mortgage), AUT (Auto), and BKC (Bankcard) are scores 5,4, and 2 from the top.

Keeper of the Scrolls of ResilienceEQ FICO Resilience Index Score Leaderboard

46 forum members have shared this new credit score. Share yours today!

Message 86 of 264
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Super Contributor

Re: General Scoring Primer and Version 8 Master Thread, rev.5.17.20

Several revisions made.

Our FICO scoring wisdom, regularly updated: Link to Scoring Primer.

Negative Reason Codes/Scoring Factors by CassieCard: Link to Reason Code Chart.

ccquest’s awesome workbook to calculate metrics for you: Link to Workbook.


Oct 2020. Oldest/average varies. (Estimates above.)
Real world maximums for the mortgage scores are:
EQ5-818, TU4-839, EX2-844.



RIP: (Forgive typos, mobile. Everything said is JMHO.)
In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? Severity and recency? (clean/dirty), Number of accounts, both open and closed on CRs (thick/thin), AoOA? (Mature/young), AOYRA-Age of Youngest Revolving Account (new accounts/no new accounts)? Open/closed loan on CR? AoYA? Etc...
Message 87 of 264
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Super Contributor

Re: General Scoring Primer and Version 8 Master Thread rev.5.17.20

There might be an installment utilization breakpoint at 5%.

 

https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/5-breakpoint-on-installment-utilization/...

 

 


Total revolving limits 653000 (575000 reporting)

Message 88 of 264
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Super Contributor

Re: General Scoring Primer and Version 8 Master Thread rev.5.17.20

@SouthJamaica I read that thread and I see that you got the points before the utilization had reported to TU. So, I wonder if there was something else going on?

At the same time, there are instances where data is calculated in the score, but not yet revealed on the frontend, so it is possible that the score was taking it into account, even though you could not see it on the front end. There is an example of this discussed in one of the links and post 7 of this thread.

As many people have SSLs here, if we can get somebody to be on the lookout for that, I’m sure we could either verify it or debunk it, but it is possible.
Our FICO scoring wisdom, regularly updated: Link to Scoring Primer.

Negative Reason Codes/Scoring Factors by CassieCard: Link to Reason Code Chart.

ccquest’s awesome workbook to calculate metrics for you: Link to Workbook.


Oct 2020. Oldest/average varies. (Estimates above.)
Real world maximums for the mortgage scores are:
EQ5-818, TU4-839, EX2-844.



RIP: (Forgive typos, mobile. Everything said is JMHO.)
In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? Severity and recency? (clean/dirty), Number of accounts, both open and closed on CRs (thick/thin), AoOA? (Mature/young), AOYRA-Age of Youngest Revolving Account (new accounts/no new accounts)? Open/closed loan on CR? AoYA? Etc...
Message 89 of 264
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Valued Contributor

Re: General Scoring Primer and Version 8 Master Thread, rev.5.17.20

@Birdman7, @CassieCard , @SouthJamaica 

Impressive Work

You must have too much time your hands.   Smiley LOL

FNBO 2% Cashback Visa (20k) / Bank of the West Cashback MC (20k) / US-Bank Cash+ (15k)
FNBO Travel Elite (15k) / Citi Double Cash (20k) / US Alliance 3% (20k)
Ficos : 830 / AAoA : 9 yrs / AoOA : 24 Yrs / AoYA : 0
Message 90 of 264
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