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

CassieCard
Senior 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.

Keeper of the Scrolls of Resilience: EQ FICO Resilience Index Score Leaderboard (59 People!)

Message 81 of 487
Birdman7
Super Contributor

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

@CassieCardthank you very very much!

-Community’s scoring wisdom: Scoring Primer.
-New: MORTGAGE SECTION.
-Negative Reason Codes: CassieCard’s Score Factors.
-Calculate metrics with ccquest’s Workbook.

Clean/Thick/Mature/No New Revolver - 8,9; Clean/Thick/Mature/No New Account - 5/4/2.
Correct Ag.Util. under 5% all times. (Oldest/avg varies. Estimates above.)
Real world mortgage maxes are: EQ5-818, TU4-839, EX2-844.





(Everything said is JMHO and is not endorsed by FICO or MF. I have no affiliation with either, just a grateful member.)
Message 82 of 487
CassieCard
Senior 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.

Keeper of the Scrolls of Resilience: EQ FICO Resilience Index Score Leaderboard (59 People!)

Message 83 of 487
Birdman7
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?
-Community’s scoring wisdom: Scoring Primer.
-New: MORTGAGE SECTION.
-Negative Reason Codes: CassieCard’s Score Factors.
-Calculate metrics with ccquest’s Workbook.

Clean/Thick/Mature/No New Revolver - 8,9; Clean/Thick/Mature/No New Account - 5/4/2.
Correct Ag.Util. under 5% all times. (Oldest/avg varies. Estimates above.)
Real world mortgage maxes are: EQ5-818, TU4-839, EX2-844.





(Everything said is JMHO and is not endorsed by FICO or MF. I have no affiliation with either, just a grateful member.)
Message 84 of 487
Duke_Nukem
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).


Message 85 of 487
CassieCard
Senior 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.

 

 

Keeper of the Scrolls of Resilience: EQ FICO Resilience Index Score Leaderboard (59 People!)

Message 86 of 487
Birdman7
Super Contributor

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

Several revisions made.

-Community’s scoring wisdom: Scoring Primer.
-New: MORTGAGE SECTION.
-Negative Reason Codes: CassieCard’s Score Factors.
-Calculate metrics with ccquest’s Workbook.

Clean/Thick/Mature/No New Revolver - 8,9; Clean/Thick/Mature/No New Account - 5/4/2.
Correct Ag.Util. under 5% all times. (Oldest/avg varies. Estimates above.)
Real world mortgage maxes are: EQ5-818, TU4-839, EX2-844.





(Everything said is JMHO and is not endorsed by FICO or MF. I have no affiliation with either, just a grateful member.)
Message 87 of 487
SouthJamaica
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) FICO 8: EQ 721 TU 747 EX 715

Message 88 of 487
Birdman7
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.
-Community’s scoring wisdom: Scoring Primer.
-New: MORTGAGE SECTION.
-Negative Reason Codes: CassieCard’s Score Factors.
-Calculate metrics with ccquest’s Workbook.

Clean/Thick/Mature/No New Revolver - 8,9; Clean/Thick/Mature/No New Account - 5/4/2.
Correct Ag.Util. under 5% all times. (Oldest/avg varies. Estimates above.)
Real world mortgage maxes are: EQ5-818, TU4-839, EX2-844.





(Everything said is JMHO and is not endorsed by FICO or MF. I have no affiliation with either, just a grateful member.)
Message 89 of 487
Kforce
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 Cashback Visa (20k) / Bank-West Cashback MC (20k) / USAlliance 3% Visa (20k)
Two Old CU cards (20k each) -- (Sock Drawer) / Secret 3% MC (20k)
Ficos : 830 / AAoA : 9 yrs / AoOA : 24 Yrs / AoYA : 0
Message 90 of 487
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