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Score Factors: Reason Statements with Explanations

Anonymous
Not applicable

MORTGAGE SCORES - REASON DIFFERENTIAL

MORTGAGE SCORES - REASON DIFFERENTIAL

REASONS UNIQUE TO EACH BUREAU

EQ 5

TU 4

EX 2

Amount owed on delinquent accountsDate of last inquiry too recentPayments due on accounts
Number of bank or national revolving accounts with balancesLength of time consumer finance company loans have been established(-) Number of established accounts
Too few accounts with recent payment informationNo 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

Message 11 of 24
Anonymous
Not applicable

FICO 8 - Reason Differential

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 accountsLength of time consumer finance company loans have been establishedPayments 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

Message 12 of 24
Anonymous
Not applicable

Re: Score Factors

FINAL RESERVATION - SO MUCH TO POST

Message 13 of 24
Birdman7
Super Contributor

Re: Score Factors

Awesome! @Anonymous 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! 

😊😊😊

Message 14 of 24
Birdman7
Super Contributor

Re: Score Factors

Reserved.

Message 15 of 24
Anonymous
Not applicable

Re: Score Factors


@Birdman7 wrote:

Reserved.


lol That's cute.

 

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

Message 16 of 24
Birdman7
Super Contributor

Re: Score Factors


@Anonymous wrote:

@Birdman7 wrote:

Reserved.


lol That's cute.

 

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


@Anonymous 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! 😊

Message 17 of 24
Anonymous
Not applicable

Re: Score Factors


@Birdman7 wrote:

@Anonymous wrote:

@Birdman7 wrote:

Reserved.


lol That's cute.

 

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


@Anonymous 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! 😊


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.

Message 18 of 24
Birdman7
Super Contributor

Re: Score Factors

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.
Message 19 of 24
Anonymous
Not applicable

Re: Score Factors


@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.

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.

Message 20 of 24
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