Has anyone noticed anomalies with FICO 5,4,2 recently?

[SouthJamaica]

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@Anonymous wrote:

@SouthJamaica I noticed the softpull on annualcreditreport.com. Mind shedding some light on the scorecard change? Would that warrant a 70 point score differential? 

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It seems that you may have shifted from a scorecard with serious derogatories to a higher level scorecard with less serious derogatories. Sometimes a 'promotion' like that can result in a score loss because the previous scorecard did not pay as much attention to utilization type factors. 

I'm just spitballing here.

[Anonymous]

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@Anonymous wrote:

@Anonymous the missed payment due was in september of 2018. Is there some sort of significance to the anniversary?

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@Anonymous bingo!!!  @Anonymous wins the door prize for figuring this one out. Great job @Anonymous !! And @SouthJamaica  ain't just spitballing, he's right, too!

At two years you shift from a dirty scorecard to a clean scorecard on some (maybe all) of the mortgage scores. we have not yet confirmed that to be the case on all of them but if you can confirm you lost that many points on all three bureaus, then we can have a data point that that threshold exists on all three mortgage scores. 

@Anonymous my brain wasn't working I just went back and saw that you stated you had two derogatory's in 2018. @Anonymous pointed it out and he and I even commented on it. I don't know how I missed the date my brain was just wasn't working I still haven't had a chance to look at the report but based on the above, that's exactly what happened. (Edited)

You shifted from a dirty card to a clean card on the mortgage scores, but not on version 8 and 9; those have two more dirty cards segmented by recency, I believe. But on the old versions they only had two cards so they shifted you back to a clean card two years on some, and maybe all, of the mortgage scores. please let us know if this occurred on all three bureaus?

It's right in the Scoring Primer as @Anonymous stated; it tells you that on at least two of the mortgage scores it's been discovered you shift back to a clean card when the most recent derogatory reaches two years of age.

I haven't had enough caffeine I'm sorry mind wasn't thinking straight. 

[Anonymous]

Read the very first paragraph:

https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/General-Scoring-Primer-and-Version-8-Mas...

I believe Revelate discovered this for TU4 and @Ficoproblems247 discovered it for EX2. If you can confirm this happened on EQ5, we know what happens on all three.

[Anonymous]

@Anonymous And it happened on the first of the month you just didn’t notice it by the way.

[Anonymous]

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@Anonymous wrote:

60 days in March 2018. They've been on my report for 2 years, I can't imagine the impact is more weighted now than it was 2 weeks ago or every month between march 2018 and August 2020. Have you seen something similar before?

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@Anonymous Well I haven't had enough caffeine I thought I just went back and looked and you said September 2018 but you said March 2018 this should've happened in March unless the threshold is it 2 1/2 years.

I apologize I should've read more closely before I commented. I'm gonna go look at the reports and come back. 

[Anonymous]

@Anonymous no, it's my mistake. I was wrong. It's actually September 2018. Should I expect it to revert to my old score (+70) once the 2 year mark is reached? 

Yes, all of my scores were impacted. Exp ~15 pts Eq ~17pts, Tu ~70pts

[Anonymous]

I posted this before I saw your previous reply. 

@Anonymouswell I just went and looked at the reports and the one says your most recent delinquent payment was one year 11 months ago. That’s not from March 2018. ??? Did you have another derogatory in September 2018 that you forgot about?

When the clock turns 2 years, you shift from a derogatory delinquency scorecard to a clean scorecard on at least two of the mortgage scores, maybe all three, as stated above.

Now the second link you gave that had the information on ages was it from August or was it from September? Because the two links you gave were not two of the same reports; the first had one type of information while the second had different information.

I suspect the pull that said 1 year 11 months was from August and on September 1 they aged to two years and you experienced scorecard reassignment causing the drop.

[Anonymous]

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@Anonymous wrote:

@Anonymous no, it's my mistake. I was wrong. It's actually September 2018. Should I expect it to revert to my old score (+70) once the 2 year mark is reached? 

Yes, all of my scores were impacted. Exp ~15 pts Eq ~17pts, Tu ~70pts

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No you should not expect those points to return, except for gradually over time from other scoring metrics. You are now being compared to a different subset of the population and therefore all of your scoring metrics are being weighted differently. You see the consequence. It's kind a like you went from the top of one ladder to the bottom of another. 

you really need to read the Scoring Primer read the section at the beginning of post 1 that says scorecard basics and then read post 2.

I'm surprised you did not have bigger drops at Experian and Equifax, tbh. but it all depends on exactly what is in your profile at each bureau because as I said everything is reassessed at a new scale with new weightings. 

You lost it two years, you don't get it back two years.

[Anonymous]

Well I think this gives some evidence that EQ5 also reassigns scorecards at two years for delinquencies.

I am sorry for your point loss and I wish I could tell you something to get it back, but the only way to go back to that scorecard is to get another delinquency, which would have a even worse effect because it would be more recent.

Thank you for the data points they are helpful to the community and I apologize we couldn’t tell you something to fix the problem, it’s just what happens, it’s the normal workings of how the algorithm operates.

[SouthJamaica]

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@Anonymous wrote:
Well I think this gives some evidence that EQ5 also reassigns scorecards at two years for delinquencies.

I am sorry for your point loss and I wish I could tell you something to get it back, but the only way to go back to that scorecard is to get another delinquency, which would have a even worse effect because it would be more recent.

Thank you for the data points they are helpful to the community and I apologize we couldn’t tell you something to fix the problem, it’s just what happens, it’s the normal workings of how the algorithm operates.

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My gut tells me OP will come back stronger, now that he's on a better scorecard. 

My prediction: passage of time + no new credit apps + no new delinquencies + paying down loans = higher scores than now.

BTW it wouldn't be a bad idea for OP to send verification letters to the bureaus to try and precipitate the lates falling off of the reports.