How long does it take before your profile hits 800+ FICO 8 without an active installment loan?

[BrutalBodyShots]

Is that consistent with where it has been? 

[crystal626]

---

@BrutalBodyShots wrote:

Is that consistent with where it has been? 

---

Yep, just going up a month at a time.

[BrutalBodyShots]

---

@crystal626 wrote:

---

---

Yep, just going up a month at a time.

---

Do you have access to your before and after FICO negative reason codes listed in rank order? Seeing how they [may] have shifted could offer insight.

[Thomas_Thumb]

---

@crystal626 wrote:

---

@BrutalBodyShots wrote:

---

@crystal626 wrote:

Interestingly, I lost 3 points on Equifax on my FICO 8 the other day for seemingly no reason. 

---

What changed between your before and after reports?

---

Not a single thing I can see. No balances changed, nothing fell off, nothing was added. I'm completely stumped.

---

I see minor unexplainable 1-3 point score changes from time to time. I chalk it up to dust in the wind and move on.  If over 5 points, I try to dig deeper to flush out root cause(s).

Still interested in seeing your score change from 3 or less cards reporting small balances.

[crystal626]

---

@BrutalBodyShots wrote:

---

@crystal626 wrote:

---

---

Yep, just going up a month at a time.

---

Do you have access to your before and after FICO negative reason codes listed in rank order? Seeing how they [may] have shifted could offer insight.

---

lol I got the 3 points back today. Again, no changes reporting. 

[crystal626]

---

@Thomas_Thumb wrote:

---

@crystal626 wrote:

---

@BrutalBodyShots wrote:

---

@crystal626 wrote:

Interestingly, I lost 3 points on Equifax on my FICO 8 the other day for seemingly no reason. 

---

What changed between your before and after reports?

---

Not a single thing I can see. No balances changed, nothing fell off, nothing was added. I'm completely stumped.

---

I see minor unexplainable 1-3 point score changes from time to time. I chalk it up to dust in the wind and move on.  If over 5 points, I try to dig deeper to flush out root cause(s).

Still interested in seeing your score change from 3 or less cards reporting small balances.

---

Working on it. Should end the next month with Chase Prime, AODFCU, Cash+, and Apple Card reporting.

I do believe that I should be safe to have a balance on six though, right? I thought I read that Equifax wants 1/3rd of cards with a balance or less.

[BrutalBodyShots]

What do you mean by "safe" exactly, @crystal626?

It's safe to have 100% of your accounts with a balance

[crystal626]

---

@BrutalBodyShots wrote:

What do you mean by "safe" exactly, @crystal626?

It's safe to have 100% of your accounts with a balance

---

I mean for optimum scoring from Equifax. I read somewhere that it's 50% of accounts with a balance with Experian and TransUnion and 33% with Equifax.

[Thomas_Thumb]

@@crystal626 

With Experian many profiles can report 100% of cards with small balances and no negative impact on F 8/9 score. I won't say that's true for all profiles but, in general, EX is insensitive to QTY.

In contrast,  EQ and TU F 8/9 scores are sensitive to QTY - although not to the degree of their old Fico mortgage counterparts. Not sure about % with balance threshold difference between TU and EQ.

50% cards reporting balanced is often used as a guideline to mute a penalty from too many cards with balances. However, a lower percentage reporting is usually required for zero point loss on EQ/TU. 

I see incremental losses from 1-3 points going from 1 of 5 => 2 of 5 => 3 of 5 => 4 of 5 => 5 of 5 cards with balances.  As an example, in months where my AG UT was at 2%, TU F8 score varied from 844-838. Cards reporting balances ranged from 1 of 5 (20%) to 4 of 5 (80%). (See data in TU score table in the thread: Discover Card Fico score summary confusion. 

Everyone talks about % of cards reporting balances. Be aware that Fico has a metric for too MANY accounts with balances and that metric is not specific to revolvers.

I recall a poster with 36 cards. No score change 1-5 cards reporting but a minor drop when the 6th reported (16.7%). I think QTY was the trigger in his case. Given you have 18 or 19 cards, I'm pretty sure 1-3 reporting is inconsequential to score and potentially 4 as well. You will need to test your own profile to see how it reacts.

P.S. I often post in sections so best to wait 15 minutes to see my full reply before responding.

[crystal626]

I'll say that all of my scores seem to be pretty steady no matter what my normal activity is. Recently even Vantage on my Credit Karma doesn't swing, it's a steady 820-825 for both.