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There is currently an 80 point spread between my EQ FICO 8 and my EQ mortgage scores (83 between 9 and 5). Fortunately EQ is not my middle score so I'm not trying to reverse engineer it as it's fairly irrelevant, but I can't help but be curious as to whether there are any DPs on the max? Thinking I've got to be pretty close to it at this point.
@KatieKatie wrote:There is currently an 80 point spread between my EQ FICO 8 and my EQ mortgage scores (83 between 9 and 5). Fortunately EQ is not my middle score so I'm not trying to reverse engineer it as it's fairly irrelevant, but I can't help but be curious as to whether there are any DPs on the max? Thinking I've got to be pretty close to it at this point.
I've had moments when there was over a hundred point difference between my highest FICO 8 score and my lowest mortgage score.
@KatieKatie wrote:There is currently an 80 point spread between my EQ FICO 8 and my EQ mortgage scores (83 between 9 and 5). Fortunately EQ is not my middle score so I'm not trying to reverse engineer it as it's fairly irrelevant, but I can't help but be curious as to whether there are any DPs on the max? Thinking I've got to be pretty close to it at this point.
Classic EQ Fico 04 (score 5) which is also referred to as EQ mortgage score is highly dependent on # cards reporting balances. I can shift my EQ Fico 04 score 45 points just by changing # cards reporting balances from 2 of 6 to 6 of 6. I had no change in EQ Fico 8.
My greatest difference was: EQ Classic Fico 8 - EQ Classic Fico 04 = 850 - 764 = 86 points.
@Thomas_Thumb wrote:My greatest difference was: EQ Classic Fico 8 - EQ Classic Fico 04 = 850 - 764 = 86 points.
Similar results here with those same two scores when moving to all accounts with reported non-zero balances: 844 - 765 = 79 points.
On the accounts that didn't report $0 due to interest, I would pay off the interest if I were you and call those lenders and request an immediate off-cycle reporting. If they are willing to do so (it's sort of 50-50 and lender-specific if they will) that will give you a couple of more $0 balances reported.
@KatieKatie wrote:
Wow! I was expecting 30-40 points but didn’t realize the gap could be so wide.
The number of accounts reporting non zero balances is interesting. I was working to get to all zero except one but this won’t be happening before I apply because of residual interest for two accounts that posted as the statement cut. I anticipated this but the accounts wouldn’t let me pay more than the current balance. If only I could wait one more month...oh well
I do have 3 or 4 more accounts that will report as 0 this week so I’ll be curious to see if that brings the numbers a bit closer together.
In the future you need to push, rather than pull, the payments to cover the interest.