No, never at 850. Also, never a negative reason statement at 849 either.
As mentioned in other posts Discover gives negative reason statements on TU Classic Fico 8 even at scores in the 800s (MyFico stops at 800 for Classic Fico). I received negative reason statements thru Discover with scores at 845 and 848 but not at 849 or 850.
I have been at 849 for 3 months now on TU (due, I suspect, to a new inquiry eroding my buffer). However, no negative reason statement. However, I do get a negative reason statement for this (a new inquiry) on EQ thru Citi Bankcard Fico 8.
See below pastes from Discover. Note my EQ and Ex scores both stayed at 850 - only TU dropped. I think the drops related to high balances on DW's card where I am AU. Makes me wonder if AU card is counting on TU Fico 8 but not EQ or EX. [note the very good rating for debt amount on TU only]
* The above utilization graph is from CK.
@Anonymouswrote:Thanks. I'm not there yet, though... we'll see what happens in May.
TT, curious with you and your 850 scores - Did you ever have a negative reason statement with an 850 score? I figure they could still in theory exist, because due to the > 850 buffer, someone in theory could still possess an 850 score with 1 inquiry from the last year present (for example) so I would think a "too many inquiries" reason code could still be generated. I'm just wondering if at 850 it is ommitted or not?
Most sources leave out the reason codes once within 50 points of max... but TU does include reason codes with their alert service, including as displayed on myFICO:
Even there, the reason codes appear to be suppressed from display at 850.
Yeah, Too Many Accounts With Balances is the easy way for the algorithm to fill the requirement.
Everything else is not happening at high scores; no new accounts, no high utilization, no lates, it’s just accounts reporting.
Thus, you won’t be able to shake it at high scores.
I did a little investigation comparing old 3B reports on EQ Fico 04 bankcard where I always get reason statements. For me I saw the "too many credit cards carrying balances" reason statement 100% of the time whenever 4 of 6 or more cards report balances, 67% of the time with 3 of 6 reporting and 0% with 2 of 6 reporting.
It may be a little early to get so specific about percentage. Let's review all these reason codes at high scores (thanks TT for the images).
The Reason Codes include:
Not enough Installment History, implying no installment account is running, correct?
Account balances are too high for Revolvers or Non-Installment or Non-Mortage loans, I see those multiple times here. What sort of revolvers utilization are we talking about?
Card counts for Too Many Accounts with Balances.
Anything else I'm missing in the mini-font display?
I have one open 15 year mortgage with 13 years of payment history. So total # of accounts with balances would be one higher than the # cards listed above. Aggregate utilization (including AU card) was under 6% in all cases above. The below UTs are from MyFico 3B reports which are excluding the AU card and AMEX charge card.
[Side note AMEX charge reported 100% B/HB for both the 7/2016 and 8/2016 pulls. This impacts EX Fico 98 but has no affect on Fico 04 or the later Fico 8 and Fico 9 models]
As mentioned in other threads EQ Fico 04 severely penalizes my score when more than 3 cards (over 50% report balances). Not so with the other CRAs.
See below which shows reason statements side by side with other CRAs. You can see the greater weight EQ gives to # reporting.
@NRB525wrote:It may be a little early to get so specific about percentage. Let's review all these reason codes at high scores (thanks TT for the images).
The Reason Codes include:
Not enough Installment History, implying no installment account is running, correct? "You have not established a long installment credit history", (I have an open mortgage with 13 years credit history - opened 9/2005. However, mortgages are treated differently and I suspect this reason statement relates to non mortgage installment loans. I don't have any other installment loans on file).
Account balances are too high for Revolvers or Non-Installment or Non-Mortage loans, I see those multiple times here.
1. "The amount owed on your revolving accounts is too high" (could this be an absolute dollar amount?)
2. "The balance on your non mortgage credit accounts is too high"
What sort of revolvers utilization are we talking about? (aggregate utilization under 6% in all the above cases. I believe the too high non mortgage account balances may relate to AMEX charge card B/HB).
Card counts for Too Many Accounts with Balances. "You have too many credit cards carrying balances" ( I PIF, don't "carry" balances)
Anything else I'm missing in the mini-font display? - "You have a short credit history" (on TU 2/2016 -My open account credit history dates back to my 1984 AMEX green card.) - "You have recently been looking for credit" (On EQ 3/2015 summary only - Relates to an HP CLI from 6/2014) - "You have made heavy use of your available revolving credit" (EX 7/2016, 8/2016 - AMEX at 100% B/HB)
FWIW - See below comments direct from MyFico when I clicked on details on a 2016 report summary. I understand AU cards are factored in Fico 8 for some profiles but not for other profiles.
