Score Factors: Reason Statements with Explanations

[CassieCard]

MORTGAGE SCORES - REASON DIFFERENTIAL

REASONS UNIQUE TO EACH BUREAU EQ 5 TU 4 EX 2 Amount owed on delinquent accounts Date of last inquiry too recent Payments due on accounts Number of bank or national revolving accounts with balances Length of time consumer finance company loans have been established (-) Number of established accounts Too few accounts with recent payment information No recent bank/national revolving balances [Credit Card accts only]     (-) Too few bank/national revolving accounts     (-) Too many bank/national revolving accounts   REASON STATEMENTS IN COMMON EQ 5 TU 4 EX 2 Account payment history is too new to rate Account payment history is too new to rate Account payment history is too new to rate Amount owed on accounts is too high Amount owed on accounts is too high Amount owed on accounts is too high Amount owed on revolving accounts is too high Amount owed on revolving accounts is too high Amount owed on revolving accounts is too high Amount past due on accounts Amount past due on accounts Amount past due on accounts Derogatory public record or collection filed Derogatory public record or collection filed Derogatory public record or collection filed Lack of recent bank/national revolving information Lack of recent bank/national revolving information Lack of recent bank/national revolving information Lack of recent installment loan information Lack of recent installment loan information Lack of recent installment loan information Lack of recent revolving account information Lack of recent revolving account information Lack of recent revolving account information Length of time accounts have been established Length of time accounts have been established Length of time accounts have been established Length of time revolving accounts have been established Length of time revolving accounts have been established Length of time revolving accounts have been established Level of delinquency on accounts Level of delinquency on accounts Level of delinquency on accounts No recent non-mortgage balance information No recent non-mortgage balance information No recent non-mortgage balance information No recent revolving balances No recent revolving balances [HELOC, PLOC can be revolving] No recent revolving balances Number of accounts with delinquency Number of accounts with delinquency Number of accounts with delinquency Number of established accounts Number of established accounts DOES NOT TRACK Proportion of balances to credit limits on bank/national revolving or other revolving accounts is too high Proportion of balances to credit limits on bank/national revolving or other revolving accounts is too high Ratio of balance to limit on bank/national revolving or other revolving accounts is too high Proportion of loan balances to loan amounts is too high Proportion of loan balances to loan amounts is too high Proportion of loan balances to loan amounts is too high Serious delinquency Serious delinquency Serious delinquency Serious delinquency, and public record or collection filed Serious delinquency, and public record or collection filed Serious delinquency, and public record or collection filed Time since delinquency is too recent or unknown Time since delinquency is too recent or unknown Time since delinquency is too recent or unknown Time since derogatory public record or collection is too short Time since derogatory public record or collection is too short Time since derogatory public record or collection is too short Time since most recent account opening is too short Time since most recent account opening is too short Time since most recent account opening is too short Too few accounts currently paid as agreed Too few accounts currently paid as agreed Too few accounts currently paid as agreed Too few bank/national revolving accounts DOES NOT TRACK Too few bank/national revolving accounts Too many accounts recently opened Too many accounts recently opened Too many accounts recently opened Too many accounts with balances Too many accounts with balances Too many accounts with balances Too many bank/national revolving accounts DOES NOT TRACK Too many bank/national revolving accounts Too many consumer finance company accounts Too many consumer finance company accounts Too many consumer finance company accounts Too many inquiries last 12 months Too many inquiries last 12 months Too many inquiries last 12 months

[CassieCard]

I'm going to need a little help with this one.

DOES NOT TRACK is not entirely accurate, because while that particular reason statement may not be a part of the score version, it doesn't necessarily mean that bureau isn't looking at a certain value elsewhere. Like with HELOCs - sometimes these are being looked at via 'revolving accounts'.

Another thing to watch out for is something like EQ's missing 'Lack of recent consumer finance company account information'. It doesn't mean EQ 8 ignores CFAs because there is another statement related to CFAs elsewhere: Too many consumer finance company accounts.

FICO 8 - REASON DIFFERENTIAL

REASONS UNIQUE TO EACH BUREAU EQ 8 TU 8 EX 8 Amount owed on bank/national revolving accounts Length of time consumer finance company loans have been established Payments due on accounts Date of last inquiry too recent or unknown (-) Amount owed on retail accounts (-) No recent bank/national revolving balances Number of accounts with recent delinquency (-) Lack of recent retail account information   Number of bank/national revolving accounts with balances (-) Length of time installment loans have been established   Number of consumer finance company inquiries (-) No recent retail balances   Number of retail accounts (-) Number of revolving accounts   Proportion of balances to credit limits on revolving accounts is too high (-) Too few accounts with recent payment information   Proportion of balances to credit limits on bank/national revolving accounts too high (-) Too few bank/national revolving accounts   Time since account activity is too long (-) Too many bank/national revolving accounts   Time since most recent consumer finance company account opening is too short     Too many installment accounts     Too many recently active accounts     (-) Too few active accounts     (-) Amount owed on mortgage loans is too high     (-) Amount paid down on open installment loans is too low     (-) Amount paid down on open mortgage loans is too low     (-) Frequency of delinquency     (-) Lack of recent auto loan information     (-) Lack of recent consumer finance company account information     (-) Proportion of balances to credit limits on revolving HELOC accounts is too high     (-) Proportion of balances to loan amounts on auto accounts is too high     (-) Proportion of balances to loan amounts on mortgage loans is too high     (-) Proportion of revolving HELOC balances to total revolving balances is too high     REASON STATEMENTS IN COMMON EQ 8 TU 8 EX 8 Account payment history is too new to rate Account payment history is too new to rate Account payment history is too new to rate Amount owed on accounts is too high Amount owed on accounts is too high Amount owed on accounts is too high Amount owed on delinquent accounts Amount owed on delinquent accounts Amount owed on delinquent accounts DOES NOT TRACK Amount owed on mortgage loans is too high Amount owed on mortgage loans is too high Amount owed on retail accounts DOES NOT TRACK Amount owed on retail accounts Amount owed on revolving accounts is too high Amount owed on revolving accounts is too high Amount owed on revolving accounts is too high DOES NOT TRACK Amount paid down on open installment loans is too low Amount paid down on open installment loans is too low DOES NOT TRACK Amount paid down on open mortgage loans is too low Amount paid down on open mortgage loans is too low Amount past due on accounts Amount past due on accounts Amount past due on accounts Derogatory public record or collection filed Derogatory public record or collection filed Derogatory public record or collection filed DOES NOT TRACK Frequency of delinquency Frequency of delinquency DOES NOT TRACK Lack of recent auto loan information Lack of recent auto loan information Lack of recent bank/national revolving information Lack of recent bank/national revolving information Lack of recent bank/national revolving information DOES NOT TRACK Lack of recent consumer finance company account information Lack of recent consumer finance company account information Lack of recent installment loan information Lack of recent installment loan information Lack of recent installment loan information Lack of recent non-mortgage installment loan info Lack of recent reported mortgage loan information Lack of recent reported mortgage loan information Lack of recent retail account information DOES NOT TRACK Lack of recent retail account information Lack of recent revolving account information Lack of recent revolving account information Lack of recent revolving account information DOES NOT TRACK HERE Lack of recent revolving HELOC information Lack of recent revolving HELOC information Length of time accounts have been established Length of time accounts have been established Length of time accounts have been established Length of time bank/national revolving accounts have been established Length of time bank/national revolving accounts have been established Length of time bank/national revolving accounts have been established Length of time installment loans have been established DOES NOT TRACK Length of time installment loans have been established DOES NOT TRACK Length of time open installment loans have been established Length of time open installment loans have been established DOES NOT TRACK Length of time open mortgage loans have been established Length of time open mortgage loans have been established DOES NOT TRACK Length of time reported mortgage accounts have been established Length of time reported mortgage accounts have been established Length of time revolving accounts have been established Length of time revolving accounts have been established Length of time revolving accounts have been established Level of delinquency on accounts Level of delinquency on accounts Level of delinquency on accounts No recent bank/national revolving balances No recent bank/national revolving balances DOES NOT TRACK No recent non-mortgage balance information No recent non-mortgage balance information No recent non-mortgage balance information No recent retail balances DOES NOT TRACK No recent retail balances No recent revolving balances No recent revolving balances No recent revolving balances Number of accounts with delinquency Number of accounts with delinquency Number of accounts with delinquency Number of established accounts Number of established accounts Number of established accounts Number of revolving accounts DOES NOT TRACK Number of revolving accounts Proportion of balances to credit limits on bank/national revolving or other revolving accounts is too high Proportion of balances to credit limits on bank/national revolving or other revolving accounts is too high Ratio of balances to credit limits on bank revolving or other revolving accounts is too high DOES NOT TRACK Proportion of balances to credit limits on revolving HELOC accounts is too high Ratio of balances to credit limits on revolving HELOC accounts is too high DOES NOT TRACK Proportion of balances to loan amounts on auto accounts is too high Proportion of balances to loan amounts on auto accounts is too high DOES NOT TRACK Proportion of balances to loan amounts on mortgage loans is too high Proportion of balances to loan amounts on mortgage loans is too high Proportion of loan balances to loan amounts is too high Proportion of loan balances to loan amounts is too high Proportion of loan balances to loan amounts is too high DOES NOT TRACK Proportion of revolving HELOC balances to total revolving balances is too high Proportion of revolving HELOC balances to total revolving balances is too high Serious delinquency Serious delinquency Serious delinquency Serious delinquency, and public record or collection filed Serious delinquency, and public record or collection filed Serious delinquency, and public record or collection filed Time since delinquency is too recent or unknown Time since delinquency is too recent or unknown Time since delinquency is too recent or unknown Time since derogatory public record or collection is too short Time since derogatory public record or collection is too short Time since derogatory public record or collection is too short Time since most recent account opening is too short Time since most recent account opening is too short Time since most recent account opening is too short Too few accounts currently paid as agreed Too few accounts currently paid as agreed Too few accounts currently paid as agreed Too few accounts with recent payment information DOES NOT TRACK Too few accounts with recent payment information DOES NOT TRACK Too few active accounts Too few active accounts Too few bank/national revolving accounts DOES NOT TRACK Too few bank/national revolving accounts Too many accounts recently opened Too many accounts recently opened Too many accounts recently opened Too many accounts with balances Too many accounts with balances Too many accounts with balances Too many bank/national revolving accounts DOES NOT TRACK Too many bank/national revolving accounts Too many consumer finance company accounts Too many consumer finance company accounts Too many consumer finance company accounts Too many inquiries last 12 months Too many inquiries last 12 months Too many inquiries last 12 months Too many mortgage loans with balances Too many mortgage loans with balances Too many recently opened installment accounts Too many recently opened installment accounts

[CassieCard]

FINAL RESERVATION - SO MUCH TO POST

[Birdman7]

Awesome! @CassieCard You are truly an asset to the Community and the world, and I think you've met your aim!

I have no doubt this is the most complete FICO code/factor reference on the Internet! 

😊😊😊

[Birdman7]

Reserved.

[CassieCard]

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@Birdman7 wrote:

Reserved.

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lol That's cute.

I added the VS3 table that I previously posted elsewhere on the forum.

[Birdman7]

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@CassieCard wrote:

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@Birdman7 wrote:

Reserved.

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lol That's cute.

I added the VS3 table that I previously posted elsewhere on the forum.

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@CassieCard Awesome! Is there a VS4?

you never know, I wish I had reserved more on the other thread, so better safe than sorry I figure! 😊

[CassieCard]

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@Birdman7 wrote:

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@CassieCard wrote:

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@Birdman7 wrote:

Reserved.

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lol That's cute.

I added the VS3 table that I previously posted elsewhere on the forum.

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@CassieCard Awesome! Is there a VS4?

you never know, I wish I had reserved more on the other thread, so better safe than sorry I figure! 😊

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I will probably thank you for that later.

Oh yes, there is a VS4 and I have a complete list.

It's around 180 reason statements, split between NEGATIVE and POSITIVE reason statements. Yes, there are positive reason statements with VS4.

With explanations on every single one of them. Long explanations. I am going to write some HTML parsing code to handle it all, because omg that's a lot of cutting and pasting plus trimming down to under the forum's 20,000 character limit on posts.

[Birdman7]

I don’t think you need any help on that 8 differential. I believe that is the customization among bureaus because the scorecards are created based on the unique datasets, so I bet they are not tracking those that say do not track, but that’s my opinion.

There is your variation among CRAs.

[CassieCard]

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@Birdman7 wrote:
I don’t think you need any help on that 8 differential. I believe that is the customization among bureaus because the scorecards are created based on the unique datasets, so I bet they are not tracking those that say do not track, but that’s my opinion.

There is your variation among CRAs.

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I was thinking about stuff like this:

EX doesn't have No recent bank/national revolving balances, but it does have a more general No recent revolving balances.

So DOES NOT TRACK doesn't necessarily mean it isn't looking at recent card balances, because 'No recent revolving' might include those cards at EX.

Even though EQ/TU have both reason statements, it might be different at EX. Kind of a stretch, maybe? I'm not sure.