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Just an update as I was able to re-up my EX CW trial: EQ and TU took much larger hits. (still, nothing has changed on my profile except AoOA turning 3 yrs)
EQ: 765 (down 21)
TU: 760 (down 16)
Only negative item listed on all 3 CRA is "short account history".
@atarvuzdar wrote:If there is scorecard segmentation @ 3 yrs for AooA, something to consider with regard to Dr's negative remaining the same even though there was an 8 point drop in score is that a short account history would probably be more of a negative on a more mature scorecard than a younger one. A younger scorecard segment would pretty much expect that someone has a short account history. With Dr's otherwise clean report it's not surprising that it would be the only negative even if it didn't have much of an impact. A scorecard segment for folks with older AooA would not treat a short account history so kindly.
Here's some strong supporting evidence that you're right about that:
|
|
| EX FICO 2 HISTORICAL | |
| AoOA | AoYA | SCORE FACTORS |
|
JAN | 1yr 1mo | 1mo | Short credit history, Short revolving history, Too many accounts with balances, Recently opened too many new credit accounts | 727 |
FEB | 1yr 2mo | 2mo | Short credit history, Short revolving history, Too many accounts with balances, Recently opened too many new credit accounts | 721 |
MAR | 1yr 3mo | 3mo | Short credit history, Short revolving history, Too many accounts with balances, Recently opened too many new credit accounts | 721 |
APR | 1yr 4mo | 4mo | Short credit history, Short revolving history, Too many accounts with balances, Recently opened too many new credit accounts | 721 |
MAY | 1yr 5mo | 5mo | Short credit history, Short revolving history, Too many accounts with balances, Recently opened too many new credit accounts | 721 |
JUN | 1yr 6mo | 6mo | Short credit history, Too many accounts with balances, Seeking credit, Recently opened too many new credit accounts | 733 |
JUL | 1yr 7mo | 7mo | Short credit history, Too many accounts with balances, Seeking credit, Recently opened too many new credit accounts | 739 |
AUG | 1yr 8mo | 8mo | Short credit history, Too many accounts with balances, Seeking credit, Recently opened too many new credit accounts | 739 |
SEP | 1yr 9mo | 9mo | Short credit history, Too many accounts with balances, Seeking credit, Recently opened too many new credit accounts | 739 |
OCT | 1yr 10mo | 10mo | Short credit history, Too many accounts with balances, Seeking credit, Recently opened too many new credit accounts | 739 |
NOV | 1yr 11mo | 11mo | Short credit history, Too many accounts with balances, Seeking credit, Recently opened too many new credit accounts | 733 |
DEC | 2yr 0mo | 1yr 0mo | Short credit history, Short revolving history, High revolving balances, Seeking credit | 711 |
@Drwaz99 wrote:Just an update as I was able to re-up my EX CW trial: EQ and TU took much larger hits. (still, nothing has changed on my profile except AoOA turning 3 yrs)
EQ: 765 (down 21)
TU: 760 (down 16)
Only negative item listed on all 3 CRA is "short account history".
Great...so I have this to look forward to next year. lol
760+ is still a great score.
@Anonymous wrote:
If yall are experiencing scorecard reassignment, you are just starting at the bottom of the next ladder and will get back to where you were and surpass it, so don't feel bad about it, think of it as a right of passage. You'll regain and surpass it before you know it.
More like congratulations!
@Cassie Why do you think AoYR disappeared and reappeared? I would've thought it gone at 12 months.
I think it's because there's not enough behavioral history on this new scorecard to make the best prediction of where I will be in 2 years (or whatever dataset width for this bin). So right now it's a 'poor or fair prediction'.
That would explain the jumps at 3mo and 6mo. We all know FICO says they need 6 months of data to generate a score, and this makes perfect sense in the world of predictive analysis. They take, say 2 years of credit usage data on millions of people and regress (logistic regression) over it to find patterns and predictors and set the number of scorecards.
It's certainly not a simple comparison of my current data with the current state of data on everyone else - there's no predictive value in that, especially if there's a sudden shift in the economy/unemployment numbers.
@Anonymous wrote:
Wish we could find a similar point for the '04 models.....5 and 4. Could it be 2.5? @Cassie, BOLO!
I'll find out about EQ 5 and TU 4 tomorrow afternoon on my monthly 3B report.
@Anonymous wrote:
@Anonymous wrote:
Wish we could find a similar point for the '04 models.....5 and 4. Could it be 2.5? @Cassie, BOLO!I'll find out about EQ 5 and TU 4 tomorrow afternoon on my monthly 3B report.
At AoOA 2yr 0mo / AoYA 1yr 0mo:
Through all of that, my middle mortgage score is the same as the last report: EQ 5 at 724.
Gotta ponder this. 5-4-2 didn't move for me at 1 yr AoYA. EQ didn't move at all. Interesting.
BUT 5 did shuffle codes for you. Reassignment isn't outside the realm for 5-4-2, but I would've expected some change out of 5.