Good morning and happy November to everyone. I logged in this morning to see if I received any AAoA gains for the 1st of the month, only to be greeted by significant point losses on score 2, AU 2, BC 2 and a minor drop in score 3. There have been no accounts that have reported today and I am comparing my report from 10/31 to 11/1. I am reporting AZET right now, 1 of those cards is at $95/$1,000 and the other at $203/$12,000. Aggregate is $298/$46,500. This has remained stagnant from yesterday to today. I checked to ensure there was not an older account that dropped off, and my reports are identical. I pulled a fresh 3B for score 8 and none of those are affected. AAoA went from 5yr 7mo to 5yr 8mo. AoOA went from 13 yr to 13 yr 1mo. Reason code "short account history" moved up 1 spot under all affected score models, which didn't make sense to me as my age has only increased. Hopefully you gurus out there have a direction to point me in to figure it out! Here is a breakdown of score changes.
FICO SCORE | |||
Score Model | Score 10/31 | Score 11/1 | Change |
EX 8 | 747 | 747 | 0 |
EQ 8 | 746 | 746 | 0 |
TU 8 | 732 | 732 | 0 |
EX 2 | 748 | 732 | -16 |
EX AU 2 | 751 | 736 | -15 |
EX AU 8 | 756 | 756 | 0 |
EX BC 2 | 750 | 733 | -17 |
EX BC 8 | 763 | 763 | 0 |
EX 3 | 748 | 747 | -1 |
@Ficoproblems247 wrote:Good morning and happy November to everyone. I logged in this morning to see if I received any AAoA gains for the 1st of the month, only to be greeted by significant point losses on score 2, AU 2, BC 2 and a minor drop in score 3. There have been no accounts that have reported today and I am comparing my report from 10/31 to 11/1. I am reporting AZET right now, 1 of those cards is at $95/$1,000 and the other at $203/$12,000. Aggregate is $298/$46,500. This has remained stagnant from yesterday to today. I checked to ensure there was not an older account that dropped off, and my reports are identical. I pulled a fresh 3B for score 8 and none of those are affected. AAoA went from 5yr 7mo to 5yr 8mo. AoOA went from 13 yr to 13 yr 1mo. Reason code "short account history" moved up 1 spot under all affected score models, which didn't make sense to me as my age has only increased. Hopefully you gurus out there have a direction to point me in to figure it out! Here is a breakdown of score changes.
FICO SCORE
Score Model
Score 10/31
Score 11/1
Change
EX 8
747
747
0
EQ 8
746
746
0
TU 8
732
732
0
EX 2
748
732
-16
EX AU 2
751
736
-15
EX AU 8
756
756
0
EX BC 2
750
733
-17
EX BC 8
763
763
0
EX 3
748
747
-1
Based on what you've reported, there's no logical reason for the score drops. So I wouldn't worry about it. Experian has been acting oddly lately. I'm betting the points come back next time.
Age-related scorecard reassignment seems like the most likely cause, since there wasn't a change in inq's, accounts, or balances, and, since no old accounts fell off, obviously your age metrics only went up. I don't know the threshold would be on EX2 or which age metric it would use, but 5yr 8mo & 13yr 1mo seem like weird numbers. W/ regard to the reason code moving up, what was your top EX2 reason code before Nov. 1? They should be in order of score impact, so "short account history" could have moved up due to score loss from what was the first reason code lessening, rather than "short account history" costing you more.
@Slabenstein wrote:Age-related scorecard reassignment seems like the most likely cause, since there wasn't a change in inq's, accounts, or balances, and, since no old accounts fell off, obviously your age metrics only went up. I don't know the threshold would be on EX2 or which age metric it would use, but 5yr 8mo & 13yr 1mo seem like weird numbers. W/ regard to the reason code moving up, what was your top EX2 reason code before Nov. 1? They should be in order of score impact, so "short account history" could have moved up due to score loss from what was the first reason code lessening, rather than "short account history" costing you more.
I was thinking along those lines too of a scorecard reassignment. I just don't understand what it would be from. To more specifically answer your reason codes, looks like the top ones changed as well, but they're all over the place.
Score 2: Bad payment history --> Bad payment history
AU 2: Bad payment history --> No loan activity
BC 2: Bad payment history --> Many new accounts
Score 3: New account --> Bad payment history
The most recent account I have opened is 5/27. I actually had 2 revolving accounts age past 1 year during the month of October. I would not think that had anything to do with it, but maybe???
In regards to payment history, my most recent late payment which was a 30D on 10/6/18 aged past 2 years. Maybe that had something to do with a reassignment on my score 2s? I have a 60D still reporting that seems to have more of a negative effect than my more recent 30D so I am not sure, but maybe something else to kick around as a possibility.
@Ficoproblems247 wrote:In regards to payment history, my most recent late payment which was a 30D on 10/6/18 aged past 2 years. Maybe that had something to do with a reassignment on my score 2s? I have a 60D still reporting that seems to have more of a negative effect than my more recent 30D so I am not sure, but maybe something else to kick around as a possibility.
Most recent late aging past two years seems like a likely culprit. Older versions have two dirty cards vs. the 4 on FICO8 and, iirc, you move off the dirty cards after two years w/o a late. (Someone more knowledgeable can correct me, of course.) So if you moved from a dirty card to a clean card on older scores, you'd likely see a drop on them.
@Anonymous wrote:
It's a very good explanation except for a 30 day late isn't supposed to put you in a dirty card, so he should've went to a clean card when the 60 day late aged to two years. I wonder if you have a 30 day late subsequently, if it keeps you there until it ages to two years? Seems most plausible, but did any other codes change? Before and after all 4, please @Ficoproblems247? And any PRs or just delinquencies?
So I'm pretty certain I changed from dirty to clean when my 60D passed 2 years, as on the actual date of the reported late my scores jumped like 30-60 pts on score 8 depending on the bureau and "serious delinquency" disappeared from every type of report I had. I will check all reason codes from all 4 tonight when I'm back off mobile sitting at my desktop and report back. Thank you all for helping me brainstorm!
@Anonymous wrote:
@Ficoproblems247 wrote:
@Anonymous wrote:@Ficoproblems247 did you say you got the points back on the actual day not the first of the month for that 60 day late aging to two years?
You got me thinking and I had to actually go back and compare reports. I had it in my head I was comparing two from the same month, but actually the old was from the very end of the previous month so you're absolutely right, it must have updated on the 1st. The shift did go from my top negative reason code being "serious delinquency (60 days past due or greater)," to the top positive reason code being "no serious delinquency (90 days past due or greater.)"