@Thomas_Thumb wrote:
@Anonymous wrote:Thomas, what is a score card assignment? Never knew this! Thx I have no baddies. With the new cc's, my AAOA is 4 yrs now. Oldest is 37 yrs. (this is my old green Amex card) But had opened many new accts 18 months ago. Some more recent but not much. Newest could still be around the corner. Waiting on 5/3 bank. Ings: TU - 2, EQ - 9, EX - 8. Most will fall off in Dec. With about a total of 5/6 remaining. Middle fico is now up to 795. Auto/moto loans are reporting below 70% total for both. They added them together. House is just below 90% now. Is this what determines your bucket?
A scorecard is what some refer to as a bucket. I prefer to use the term scorecard. The Fico illustration is re-pasted below. Note the factors they list for scorecard segmentation. Scoring factors (such as CC utilization, # cards reporting and balance to loan ratio) are not used as scorecard segmentation factors.
So selection of a clean scorecard would be based on
-age (oldest account, older being better, with something like 10 years possibly being cutoff)
-youth (newness of most recent account, newness being worse, with something like 1 or 2 years possibly being cutoff)
-thickness (number of open and closed accounts, more being better, with something like 6 possibly being a cutoff)?
@SouthJamaica wrote:
@Thomas_Thumb wrote:
@Anonymous wrote:Thomas, what is a score card assignment? Never knew this! Thx I have no baddies. With the new cc's, my AAOA is 4 yrs now. Oldest is 37 yrs. (this is my old green Amex card) But had opened many new accts 18 months ago. Some more recent but not much. Newest could still be around the corner. Waiting on 5/3 bank. Ings: TU - 2, EQ - 9, EX - 8. Most will fall off in Dec. With about a total of 5/6 remaining. Middle fico is now up to 795. Auto/moto loans are reporting below 70% total for both. They added them together. House is just below 90% now. Is this what determines your bucket?
A scorecard is what some refer to as a bucket. I prefer to use the term scorecard. The Fico illustration is re-pasted below. Note the factors they list for scorecard segmentation. Scoring factors (such as CC utilization, # cards reporting and balance to loan ratio) are not used as scorecard segmentation factors.
So selection of a clean scorecard would be based on
-age (oldest account, older being better, with something like 10 years possibly being cutoff)
-youth (newness of most recent account, newness being worse, with something like 1 or 2 years possibly being cutoff)
-thickness (number of open and closed accounts, more being better, with something like 6 possibly being a cutoff)?
SJ - You've got the gist of it. It's age of file = oldest account [not AAoA] as I thought at one time. Could be 8 years instead of 10 years but either way it's certainly more than 5 years Based on risk data, 10 years would be the logical choice.
The wild card is the mild delinquencies. Not sure how that factors in for clean files. See below for some additional food for thought on delinquencies.
@Thomas_Thumb wrote:
@SouthJamaica wrote:
@Thomas_Thumb wrote:
@Anonymous wrote:Thomas, what is a score card assignment? Never knew this! Thx I have no baddies. With the new cc's, my AAOA is 4 yrs now. Oldest is 37 yrs. (this is my old green Amex card) But had opened many new accts 18 months ago. Some more recent but not much. Newest could still be around the corner. Waiting on 5/3 bank. Ings: TU - 2, EQ - 9, EX - 8. Most will fall off in Dec. With about a total of 5/6 remaining. Middle fico is now up to 795. Auto/moto loans are reporting below 70% total for both. They added them together. House is just below 90% now. Is this what determines your bucket?
A scorecard is what some refer to as a bucket. I prefer to use the term scorecard. The Fico illustration is re-pasted below. Note the factors they list for scorecard segmentation. Scoring factors (such as CC utilization, # cards reporting and balance to loan ratio) are not used as scorecard segmentation factors.
So selection of a clean scorecard would be based on
-age (oldest account, older being better, with something like 10 years possibly being cutoff)
-youth (newness of most recent account, newness being worse, with something like 1 or 2 years possibly being cutoff)
-thickness (number of open and closed accounts, more being better, with something like 6 possibly being a cutoff)?
SJ - You've got the gist of it. It's age of file = oldest account [not AAoA] as I thought at one time. Could be 8 years instead of 10 years but either way it's certainly more than 5 years Based on risk data, 10 years would be the logical choice.
The wild card is the mild delinquencies. Not sure how that factors in for clean files. See below for some additional food for thought on delinquencies.
Thanks T_T, much appreciated.
@Anonymous wrote:Do we have any data points on when the sting from a 90 or 120 day late gets some ease within the 7 year time that it impacts score? I'm also curious if it's impact lessens one time, say at the mid point or 3.5 years in or if it's something that every 12 months loses a little bit of impact.
Not great ones from what I've seen; JagerBomb's 800 to foreclosure thread is probably the best.
It won't be mid point and it won't be 12 months, if it exists it'll be an explicit line in the sand (like everything else in the FICO algorithm) as it's easy to calculate that way. I will say that we did get one datapoint from an individual with a 90 day late nearing the exclusion period and he was at 785 FICO 8 which suggests it probably wasn't much of a factor unlike a PR/collection where absolute best we've seen is a 753 on an incredibly well optimized file.
I'm going to be pulling 1B TU reports as my 30 day late there ages across certain boundaries assuming I don't lose interest before then. 
@Revelate wrote:
@Anonymous wrote:Do we have any data points on when the sting from a 90 or 120 day late gets some ease within the 7 year time that it impacts score? I'm also curious if it's impact lessens one time, say at the mid point or 3.5 years in or if it's something that every 12 months loses a little bit of impact.
Not great ones from what I've seen; JagerBomb's 800 to foreclosure thread is probably the best.
It won't be mid point and it won't be 12 months, if it exists it'll be an explicit line in the sand (like everything else in the FICO algorithm) as it's easy to calculate that way. I will say that we did get one datapoint from an individual with a 90 day late nearing the exclusion period and he was at 785 FICO 8 which suggests it probably wasn't much of a factor unlike a PR/collection where absolute best we've seen is a 753 on an incredibly well optimized file.
I'm going to be pulling 1B TU reports as my 30 day late there ages across certain boundaries assuming I don't lose interest before then.
Data point that may be helpful:
I have a paid state tax lien from 2010. I've been lowish- to mid-700's on all 3 bureaus for a long while (like 725 to 750ish), but about a month ago my EXP reached 812 where it remains now. My oldest account is 22 years, AAOA 5 years 7 months. I have 11 open revolving accounts and 2 open auto loan accounts, one of which is almost paid off, plus another paid off auto loan. No delinquencies on any accounts, ever. Only 1 account less than 1 year old, 6 less than 2 years old. The tax lien is the only neg.
My utilization was in the teens for a few months recently due to carrying a couple of large purchases at 0% for a while (I'm usually much lower - just use cards for everyday expenses and always PIF, but don't micromanage reporting). When I paid these off and got back under 9% is when EXP took a sudden (60 point) jump. Other scores are EQ 744 and TU 748.
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@Anonymous wrote:When you say nearing the exclusion period are you inferring the 7 year mark or some point earlier? I look forward to reading the thread you referenced.
7 year mark yeah.
@LuckyBird wrote:
@Revelate wrote:
@Anonymous wrote:Do we have any data points on when the sting from a 90 or 120 day late gets some ease within the 7 year time that it impacts score? I'm also curious if it's impact lessens one time, say at the mid point or 3.5 years in or if it's something that every 12 months loses a little bit of impact.
Not great ones from what I've seen; JagerBomb's 800 to foreclosure thread is probably the best.
It won't be mid point and it won't be 12 months, if it exists it'll be an explicit line in the sand (like everything else in the FICO algorithm) as it's easy to calculate that way. I will say that we did get one datapoint from an individual with a 90 day late nearing the exclusion period and he was at 785 FICO 8 which suggests it probably wasn't much of a factor unlike a PR/collection where absolute best we've seen is a 753 on an incredibly well optimized file.
I'm going to be pulling 1B TU reports as my 30 day late there ages across certain boundaries assuming I don't lose interest before then.
Data point that may be helpful:
I have a paid state tax lien from 2010. I've been lowish- to mid-700's on all 3 bureaus for a long while (like 725 to 750ish), but about a month ago my EXP reached 812 where it remains now. My oldest account is 22 years, AAOA 5 years 7 months. I have 11 open revolving accounts and 2 open auto loan accounts, one of which is almost paid off, plus another paid off auto loan. No delinquencies on any accounts, ever. Only 1 account less than 1 year old, 6 less than 2 years old. The tax lien is the only neg.
My utilization was in the teens for a few months recently due to carrying a couple of large purchases at 0% for a while (I'm usually much lower - just use cards for everyday expenses and always PIF, but don't micromanage reporting). When I paid these off and got back under 9% is when EXP took a sudden (60 point) jump. Other scores are EQ 744 and TU 748.
That's kinda astonishing heh. Is the tax lien disputed or any wierd remarks on the tradeline? Color me skeptical on being that much higher as 800+ is generally held to be clean scorecard territory.
Then again I have a 780+ on EQ FICO 9 (or did pre last inquiry) which I haven't been able to fathom as it's tracking like a clean scorecard seemingly with my own tax lien, but I wonder if mine simply had something go sideways... and wonder the same of yours too. In either event the 744/748 are no joke with a tax lien, I only got to 739 EX at my most optimized but your oldest account is way more impressive (if that matters in dirty scorecards) and your AAOA is probably past a second breakpoint in there somewhere. 820ish is where I'd sort of expect you to land once the tax lien was gone actually and 812 sorta seems reasonable for that level of estimation.
Appreciate the datapoint regardless!