Just logged in today and saw that they're removing the resilience index score from the premier package (I have no clue on the reasoning). I've been betweeen 51 and 62 since starting a myFICO subscription and at 59 since opening my last card 6 months ago. Always the same reason codes that are kinda tied together for me- "high percedntage of revolving accounts" (they're all I have) and "no installment loan activity".
I think mine has been at 57 the whole time and never moved. My "red flags" have always been "high revolving balances" (which makes sense) and "high percentage of revolving accounts" (which makes no sense at all to me, since having a bunch of unpaid installment loans does not make one more resilient).
My Resiliance Scored bottomed at 34 right after my Chapter 13 fell off my reports back in 2022, since then I've opened three credit cards and took out a loan on a new vehicle; the score is currently standing at 47. If it is being done away with I'll never find out if I can get back to 34. 
@Thomas_Thumb wrote:A useless score to be sure.
Agreed! They are making a lot of assumptions without knowing one's income, investments, what's in savings, etc.
Starting Score: 469Current Score: 819
Goal Score: 850
Highest Scores: EQ 850 EX 849 TU 850
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@Junejer wrote:
@Thomas_Thumb wrote:A useless score to be sure.
Agreed! They are making a lot of assumptions without knowing one's income, investments, what's in savings, etc.
Savings is something which is never taken into account for any credit scoring. Why? I can think of a few reasons, but have no factual basis to back them up, so I'll shut up now. 
@Horseshoez wrote:
@Junejer wrote:
@Thomas_Thumb wrote:A useless score to be sure.
Agreed! They are making a lot of assumptions without knowing one's income, investments, what's in savings, etc.
Savings is something which is never taken into account for any credit scoring. Why? I can think of a few reasons, but have no factual basis to back them up, so I'll shut up now.
Not that I disagree, but investments and savings makes a HUGE difference in how resilient a person is to an economic downturn.
There really isn't a way for them to track that sort of thing automatically, thus the reason the score is useless.
Someone with a low/median income, living paycheck to paycheck, but with little to no non mortgage debt, and a low mortgage balance, could have a low resilience index score, but be EXTREMELY vulnerable to financial ruin if the economy turns bad.
@markbeiser wrote:
@Horseshoez wrote:
@Junejer wrote:
@Thomas_Thumb wrote:A useless score to be sure.
Agreed! They are making a lot of assumptions without knowing one's income, investments, what's in savings, etc.
Savings is something which is never taken into account for any credit scoring. Why? I can think of a few reasons, but have no factual basis to back them up, so I'll shut up now.
Not that I disagree, but investments and savings makes a HUGE difference in how resilient a person is to an economic downturn.
There really isn't a way for them to track that sort of thing automatically, thus the reason the score is useless.
Someone with a low/median income, living paycheck to paycheck, but with little to no non mortgage debt, and a low mortgage balance, could have a low resilience index score, but be EXTREMELY vulnerable to financial ruin if the economy turns bad.
Bingo!! Good riddance to the "score".
Starting Score: 469Current Score: 819
Goal Score: 850
Highest Scores: EQ 850 EX 849 TU 850
Take the myFICO Fitness Challenge