So yesterday I finally signed up for the $1 creditchecktotal trial and got a snapshot of all three FICO 8's.
Scores: 729 EX, 758 EQ, 727 TU
I was surprised that EQ was so much higher, and there's only two things that I could attribute it to:
1. The one card I'm an AU on doesn't show up on EQ. This AU card is always reporting $0 so I may be avoiding the AU All zero penalty.
2. One card that had a single 30 day late shows clean on EQ, making just one card with late payments vs two on EX and TU.
Here's a breakdown of the lates for each bureau (both these accounts are closed):
EX: 3x 30 day lates on one account, 1x 30 day late on the other
EQ: 3x 30 day lates AND 1x 60 day late on one account, other account clean
TU: 3x 30 day lates, 1x 60 day, 1x 90 day late on one account, 1x 30 day late on the other
So I was really surprised that both EX and TU are close scorewise, despite TU having a 60 and 90 day late on file still (set to drop off in 1-2 months). I was also surprised that EQ was higher than EX, since EQ has a 60 day late.
My best guess then is that having lates on more than one account on EX and TU is keeping me in a dirty scorecard. I think this is known, but thought I'd share the DP since I found it interesting.
@tortoise_credit wrote:So yesterday I finally signed up for the $1 creditchecktotal trial and got a snapshot of all three FICO 8's.
Scores: 729 EX, 758 EQ, 727 TU
I was surprised that EQ was so much higher, and there's only two things that I could attribute it to:
1. The one card I'm an AU on doesn't show up on EQ. This AU card is always reporting $0 so I may be avoiding the AU All zero penalty.
2. One card that had a single 30 day late shows clean on EQ, making just one card with late payments vs two on EX and TU.
Here's a breakdown of the lates for each bureau (both these accounts are closed):
EX: 3x 30 day lates on one account, 1x 30 day late on the other
EQ: 3x 30 day lates AND 1x 60 day late on one account, other account clean
TU: 3x 30 day lates, 1x 60 day, 1x 90 day late on one account, 1x 30 day late on the other
So I was really surprised that both EX and TU are close scorewise, despite TU having a 60 and 90 day late on file still (set to drop off in 1-2 months). I was also surprised that EQ was higher than EX, since EQ has a 60 day late.
My best guess then is that having lates on more than one account on EX and TU is keeping me in a dirty scorecard. I think this is known, but thought I'd share the DP since I found it interesting.
What is the difference in AAOA with and without the AU account?
@dragontears wrote:What is the difference in AAOA with and without the AU account?
Here's the AAoA for each:
EX: 9 years, 1 month
EQ: 8 years, 3 months
TU: 8 years, 6 months
So with the AU it's longer. The discrepency on TU is that an old Kohl's charge card is missing from there, but present on EX and EQ.
The AU card was opened 8/15/2004 and is the oldest account. Luckily I have some very old student loans from 2006 that are helping my AAoA.
Edit: I found out where Experian shows the AAoA and it disagrees a bit with my manually calculated figures above. Here's what Experian 3 bureau report shows:
EX: AAoA: 8 years 5 month
EQ: AAoA: 8 years 5 month
TU: AAoA: 7 years 9 month
AoOA on all three: 15 years 5 months
Strange part is why is EX & TU reporting 0% usage when there is $140 across the board. Explains why they're laggin behind with the 0 reporting penaly. Odd.
@FireMedic1 wrote:Strange part is why is EX & TU reporting 0% usage when there is $140 across the board. Explains why they're laggin behind with the 0 reporting penaly. Odd.
I figured it was just a rounding error, since the AU card has a $22k limit making the total limit available $30.3k on EX & TU versus just an $8.3k limit on EQ.
For AZEO, I thought even $10-$20 works, or does it need to actually be > 1%?
In either case, I think I may have myself removed from that AU later this year so I can have a real comparison.
Today the AU card just updated with a balance, so I figured I'd give some updates.
Before (March 1st)
Apple Card: $94 / $6,500
Discover: $46 / $1,800
Amazon Chase (AU): $0 / $22,000
After (Today, March 3rd)
Apple Card: $94 / $6,500
Discover: $46 / $1,800
Amazon Chase (AU): $226 / $22,000
Experian FICO 8 went up 9 points from 729 -> 738.
Maybe this 9 point score difference is the all zero AU penalty. EX having lates on two accounts versus only one account on EQ may be the larger factor here.
Anyway, most of this post is just to add DPs if they will be helpful to anyone. I'll just be here waiting patiently until the last of these lates fall off over the next 1.5 years.
@tortoise_credit wrote:Today the AU card just updated with a balance, so I figured I'd give some updates.
Before (March 1st)
Apple Card: $94 / $6,500
Discover: $46 / $1,800
Amazon Chase (AU): $0 / $22,000
After (Today, March 3rd)
Apple Card: $94 / $6,500
Discover: $46 / $1,800
Amazon Chase (AU): $226 / $22,000
Experian FICO 8 went up 9 points from 729 -> 738.
Maybe this 9 point score difference is the all zero AU penalty. EX having lates on two accounts versus only one account on EQ may be the larger factor here.
Anyway, most of this post is just to add DPs if they will be helpful to anyone. I'll just be here waiting patiently until the last of these lates fall off over the next 1.5 years.
Seems plausible.
