Forgot visual aid
I tired to find out. Found this so far.
FICO® Auto Scores vs. other FICO® scores
The most significant difference between your FICO® Auto Scores and base scores is in how your credit history is weighted. Base FICO® scores take into account your overall credit information as laid out in your credit reports, including your credit card debt, payment history, student loans, etc.
The FICO® Auto Score model also takes these elements into consideration, but assigns more weight to auto-loan-specific risk behavior.
Doesnt say too much.
Since you seem to have the Experian service, Remedios could you post the reason codes for EX FICO 8 AU?
Possible nothing changed but if it was something weird, might show up there. Anything other than age metrics change ?
All were there before. What I found strange is that it happened on the 1st of month, which is kinda reserved for aging. Seriously though, first and second screenshots are less than 7 hrs apart.
Short loan history...two paid off mortgages, one was for a year, second one six months.
Auto loans two, both paid off in under six months
Don't know what would have caused that unless you maybe shifted scorecards but usually those involve reason code shifts. Industry options are admittedly not well known.
What is weird is you have different reason codes than what I have in the IOS app:
FICO 8 AU:
- You have a short credit history
- You've recently been looking for credit
- You opened a new account relatively recently
- You have not established a long revolving and/or open ended account credit history
And also interesting just noticed the website has your reason codes.
- Short Account History
- Seeking Credit
- New Account
- Short Revolving History
Doesn't answer your question but weird guess they are in process of changing it.
Curiosity question: what's your oldest installment line even closed? I don't know that the open / close quickness matters at all. Interesting to see your no loan activity so prominently displayed though on that score, if I didn't have an open mortgage and auto loan currently I'd have a SSL of some sort playing reindeer games personally.
Another curiosity question how many scoreable inquiries on EX? I'm sitting at 5 currently which is below the AAOA line (5 years and small change in my case)
@Remedios wrote:
Oldest closed loan is mortgage, 4 years 7 months
Newest closed loan 2 years 2 months
Two scorable inquiries (there are no other)
Both will be unscorable in the next 30 days.
Rev, I looked at reason codes from October 31st, and they are absolutely same as on November 1st 🤦♀️
It's totally irrelevant, I'm not buying a car any time soon, but I've never seen this.
I have no idea if it would make a difference but three cards reached 2 years in November, one card reached year, also. 🤷♀️
There's some split on aging / file thickness that we've never tacked down to my knowledge as to what the split is between new file and mature file (or whatever the labels are for aging). AAOA might be on it, I don't think a bunch of individual tradelines reaching anniversaries would except maybe one's oldest but that doen't seem to be the case for you here.
Industry options calculate a base score and then an additional set of criteria sorts you into two more scorecards: over time I've seen reason codes which aren't in the classic score to the best of my knowledge, like the No Loan Activity one in your case for all that we know having an open loan helps in the classic scores too (or at least one mostly paid off certainly).
I've never really worried about the industry options though so I don't have much insight for you as to why you would've dropped there: they're not commonly used, and they mostly track the classic scores if you have a balanced report (credit mix wise). A pretty file results in a pretty score regardless of algorithm and as such I just follow the classic ones while trying to put as much lipstick on my pig as possible.