@Iusedtolurk wrote:I always look at all the data points when anything happens so I can look for those changes in future similar circumstances.
Today I was checking my EX and noticed my score had went up +9 points. (always a good feeling to see a score increase)
The only differences between yesterday and today:
Today aggregate 20.0%/dollars owed 4472
Yesterday aggregate 20.6%/dollars owed 4590
Difference -118
Today # of accounts with Balances 11/12
Yesterday # of accounts with Balances 12/12
As the amount of dollars owed and aggregate utilization is practically the same I can come to the conclusion that going from 12/12 100% Accounts reporting with a balance to 11/12 91% was cause for the +9 point increase.
UPDATE: Was waiting on the decrease in #of accounts with balances to see affects:
3-11 aggregate 20.0%/dollars owed 4472
3-10 aggregate 20.6%/dollars owed 4590
Difference -118 dollars
3-11 # of accounts with Balances 11/12
3-10 # of accounts with Balances 12/12
CHANGE EX8 +9 Points
-------------------------------------------------
3-12 aggregate 20.0%/dollars owed 4654 (had a cli so didn't increase aggregate)
3-11 aggregate 20.0%/dollars owed 4472
Difference +182 dollars
3-12 # of accounts with Balances 10/12
3-11 # of accounts with Balances 11/12
CHANGE EX8 SAME
-------------------------------------------------
3-13 aggregate 19.8%/dollars owed 4608
3-12 aggregate 20.0%/dollars owed 4654
Difference -46 dollars
3-13 # of accounts with Balances 09/12
3-12 # of accounts with Balances 10/12
CHANGE EX8 +1
Summary
When accounts with balance were 100% 12/12 and dropped to 11/12 picked up 9 points. dollars owed 4472 util 20.0
When awb dropped from 11/12 to 10/12 there was no change. dollars owed 4654 util 20.0
When awb dropped from 10/12 to 9/12 picked up 1 point. dollars owed 4608 util 19.8%
Has there been any evidence of closed accounts counting for anything beyond EX FICO 2?
I really would think just based on what I've seen data wise and also how the consumer credit market has changed that counting on closed tradelines probably changed in the decade between EX 2 and the FICO 8 models. Much like I'm pretty certain that installment acocunts don't count for accounts with balances under F8 either.
That said EX FICO 2, when I went from 3/35 total accounts to 4/35 total (open and closed) accounts with balance I did see a small drop so if we were thinking there's a 10% line in there, whee!
3/19 to 4/19 open accounts for reference, which sadly, is another pretty 20% number haha.
@Curious_George2 wrote:
@Revelate wrote:Has there been any evidence of closed accounts counting for anything beyond EX FICO 2?
I really would think just based on what I've seen data wise and also how the consumer credit market has changed that counting on closed tradelines probably changed in the decade between EX 2 and the FICO 8 models. Much like I'm pretty certain that installment acocunts don't count for accounts with balances under F8 either.
Good point. The places we were seeing it were limited to the EX2 family of scores. (Link) Classic and Bankcard, specifically. Thanks for remembering and clarifying that.
I don't recall previously hearing the theory that installments don't count in accounts with balances in the 8s. I find that approach a bit more intuitively appealing.
I think that might actually be in the FICO 04 model too honestly, FICO 98 appears to be all accounts which to your point makes little to no sense when you can't have an open installment loan without a balance so I don't precisely know **bleep** insight they're seeing on this one... data analytics have admittedly improved in the last two decades and I know the algorithm has changed over time. It was commonly accepted that EQ FICO 5 under the old scorewatch was revolvers: that might be incorrect but I don't think so... EX 2 and TU 2 (TU 98 to be explicit, both of these scores are FICO 98 models though the TU one is no longer for sale) were outliers in that regard I believe.
@Anonymous wrote:I'm actually doing some extensive testing on AWB right now. It's pretty easy with EX2 and consistent, but it's much more difficult to follow with the delayed alerts on the other two mortgage models, but I need to bring myself up-to-date and watch it closely.
I may be able to determine whether it's including closed accounts on those other models, if I'm lucky.
Here's another thing to consider some people have had only one bankcard with a balance and still received the too many AWB code, is this on version 8? If so that might be indicative that it's counting Loans.
Pretty sure it's still a ratio. Too many accounts on a file with 3 tradelines /shrug. Even then probably would only see it on EQ from my data, maybe Cassie has it in her old data? Hard to say with a new file or even a dirty one too many things that might push that off the table.
I'll be interested to see what you find, I mean I remember EX 2 being all accounts was a surprise when it was originally postulated and AZEO always worked for F8 to my knowledge and even EQ5 too... you'd think with so many people getting anecdotal data we would've gotten this one right but other things were mistaken so this might be too.