Couple questions 
. And to echo the others, thank you for the datapoint.
What was original balance on the mortgage and what was the open date (month/year), and are there any other open installment loans and similar request for the information on those even if the mortgage undoubtedly dominated the calculation from the FICO 8 result?
And since I guess might as well ask for it all from the Experian service, there's reason codes, that look like
1 3
2 4
On each of the additional scores, for completeness could you give before / after on those too? FICO 8 is pretty well characterized, FICO 2 is not.
@Anonymous wrote:The original mortgage balance from Jan 2004, was around 120K. When the mortgage was refinanced at a lower rate in 2012, the balance was around 90K.
As I wrote above, I don't have any other installment accounts now and have not had them for quite a while. The only other installment account that I ever had was for an auto loan in 2007 (for about 10K), which was paid off in 2010.
Regarding the reason codes: I looked again at the Experian site, and I don't see any codes there for the Fico Score 2 (either for the current one or for the achrived versions). The only thing I see there is a notation below the score itself which says "What's harming your score? You have no negative factors impacting your Score."
That demonstrates how good your FICO 2 score is. If there were any, they would be appearing under "What's harming your score?"
When a FICO score stops giving you negative reason codes.... you've arrived
@soupy5: Thanks a lot for your comparison info! I am just learning about all these different scores myself, so I don't really understand yet which factors affect which scores, and for how long. I'll start checking all of my scores more regularly to see what if anything changes, and in what direction.
The only other thing that I noticed now, after your post, is that my Fico Auto Score (with Experian) experienced a really dramatic drop after my mortgage payout. Before the house sale, for the Jan 17 report, my Fico Auto Score 2 was 837. Now it has gone down to 798, a drop of 39 points. Similarly, Fico Auto Score 8 was 873 before and it is 834 now, also a drop of 39 points.
For the credit card scores from Experian, Fico Bankcard Score 2 was 844 and it is 847 now (+3 points), Fico Bankcard Score 3 was 803 and it is 792 now (-9 points), and Fico Bankcard Score 8 was 876 before and it is 850 now (-26 points).
All of this is pretty mysterious to me... But I guess it is a good thing that I am not looking for an auto loan now -
@Anonymous wrote:@soupy5: Thanks a lot for your comparison info! I am just learning about all these different scores myself, so I don't really understand yet which factors affect which scores, and for how long. I'll start checking all of my scores more regularly to see what if anything changes, and in what direction.
The only other thing that I noticed now, after your post, is that my Fico Auto Score (with Experian) experienced a really dramatic drop after my mortgage payout. Before the house sale, for the Jan 17 report, my Fico Auto Score 2 was 837. Now it has gone down to 798, a drop of 39 points. Similarly, Fico Auto Score 8 was 873 before and it is 834 now, also a drop of 39 points.
For the credit card scores from Experian, Fico Bankcard Score 2 was 844 and it is 847 now (+3 points), Fico Bankcard Score 3 was 803 and it is 792 now (-9 points), and Fico Bankcard Score 8 was 876 before and it is 850 now (-26 points).
All of this is pretty mysterious to me... But I guess it is a good thing that I am not looking for an auto loan now -
Actually I'm pretty sure you'd get the best rate anyway
@Anonymous wrote:@soupy5: Thanks a lot for your comparison info! I am just learning about all these different scores myself, so I don't really understand yet which factors affect which scores, and for how long. I'll start checking all of my scores more regularly to see what if anything changes, and in what direction.
The only other thing that I noticed now, after your post, is that my Fico Auto Score (with Experian) experienced a really dramatic drop after my mortgage payout. Before the house sale, for the Jan 17 report, my Fico Auto Score 2 was 837. Now it has gone down to 798, a drop of 39 points. Similarly, Fico Auto Score 8 was 873 before and it is 834 now, also a drop of 39 points.
For the credit card scores from Experian, Fico Bankcard Score 2 was 844 and it is 847 now (+3 points), Fico Bankcard Score 3 was 803 and it is 792 now (-9 points), and Fico Bankcard Score 8 was 876 before and it is 850 now (-26 points).
All of this is pretty mysterious to me... But I guess it is a good thing that I am not looking for an auto loan now -
I'm relatively new to this credit scoring game myself - I only wish my profile was less susceptible to these wild point swings than it is. Interesting how the different scores are impacted in different ways by certain events. How awesome it would be to truly understand and (heaven forbid) predict the changes brought about by these algorithms. I think probably only second to hacking/cracking the codes to the US nuclear missle launch protocol is the FICO scoring algortihm :-)
@Anonymous wrote:
@SouthJamaica: Thanks! I hope you are right, but I am also glad that I don’t need to try it. However, I am somewhat worried about what will happen this summer when I have to look for a new apartment to rent. Most landlords and real estate companies now run a credit check on the applicants (although I don’t know which psrticular score they use). I’ll probably generate at least 2-3 new credit inquiries on my credit report, which will drag my score further down...
I think, when one is doing an apartment search, one would get the credit inquiry only after putting in an application. So I think you'll only get one hard pull on one bureau.