@Anonymous wrote:
@TheKid2Excellent, congratulations on the gains!
What do you mean your revolving utilization did not change? You mean on the display in the CMS? Because I have no doubt it changed in the algorithm’s perception and that’s where the increases came from.
One more thing, you gave TPOD but you didn’t give the change in TPOD, which is where the penalty derives from, I believe. In other words, look at the prior last updated date, which is what the algorithm was previously calculating TPOD with. Then today, it’s calculating TPOD up to today. So how much did TPOD increase? What is the period of time from prior last update until today’s last update? I think that would determine how much more you’re penalized.
We know the increase in TPOD for the last one was only 5 months, so that’s probably not significant. I don’t know, we’re still trying to learn here, still we’re trying to figure it all out. You’ve got us in uncharted territory. Lol. We’re definitely learning though.
Thanks - I am honestly a bit in awe of the gains. Once EQ and EX hit I will post a capture from my tracking spreadsheet which gives a full picture of the score gains.
I mispoke - my OPEN revolver Util didn't change. That stayed exactly the same this whole time so that is what I meant when Util stayed the same. I haven't pulled a 3B yet to see what the Util says, but I am willing to bet it just shows my Open Util now and I crossed tons of aggregate Util breakpoints when I settled the last 3 COs to get the score boost.
One thing about all of the 5 COs we were tracking here is that they were reporting monthly. None of them sitting stale, which I believe is the case for many who have old COs - without the constant updates the algos couldn't be continually calculating TPOD the whole time. If they were stale for me I think I would have not seen such big gains because they were suppressed every month the entire time? Yes, the TPOD was updating every month, but as you point out maybe TPOD is thresholds or buckets (by year maybe?) I think that makes sense to me as to why I would have seen significant gains versus someone who settled a 2, 3, 4 year old stale CO.
I think my installment history only helped, too. I have 1 active auto loan and 5 closed auto loans. 7 years of auto history and never late. I also have a mortgage that has been reporting for 9 years without a late. The algos have to like that.
This is complex stuff! and thank you so much for advising me and being a sounding board for me with this. You helped me sooooo much!
I will post again here when the others hit and any insight you can offer is always appreciated!
OK @Anonymous
Here are some more DPs and 1 annoying issue with reporting. File this under "it figures". If you look back you can see my EX behavior on 5/22 when the last 3 COs (reporting monthly) were settled/paid.
Yesterday (6/3), the last 3 COs (reporting monthly) were settled paid on EQ. I don't have many avenues for EQ scoring, so limited datapoints, but here's what happened. Note - my open revolving Util did NOT change.
EQ 8 = 667 -> 708
EQ FAKO VS 3 = 742 -> 770
Seriously, how broken are the VS 3 algos?! They think I now have "excellent" credit.
This morning I wake up to multiple TU monitoring alerts and get this - 2 of the 3 COs were updated and 1 was left unchanged. Which is clearly a reporting error when both EX and EQ show all 3 settled now. Can't make this stuff up. So, I'm going to hold off getting a 3B and showing all the scores from the spreadsheet in case there is just a lag with reporting the final CO on TU. Doesn't really make sense to me and I hope I don't have to dispute it.
Stay tuned.
@Anonymous wrote:
Did it give you a score change for dropping the two? If so the third drop may be discrete.
It did and it was. I actually have a 3B to show you with all the COs paid/settled except the 1 on TU. It is discrete and it didn't trigger a Util reason code on FICO 8, so it couldn't have been counting that heavy. That last CO on TU just paid/settled today and I have my FICO 8s updated with ALL COs paid/settled for all CRAs. My current plan is to get to AZEO for next 3B to show what is likely to be my max possible scores in my segmentation of a dirty scorecard.
Prepare for DPs overload.
@Anonymous
So here are data points for you. The 6/4 3B had all COs $0 balance on EQ and EX. There was one remaining CO #4 on my TU, this is a discrete event - no Util changes on open revolvers. My aggregate Open still $92 / $3,640 (3%)
On TU CO#4 = Past Due $452 / $750 (61%)
I've pasted in the FICO 8 reason codes from 6/4 - note that TU no longer complains about revolving Util with this CO Open. If it was counting as $750 "maxxed out" (842/4,390) it would have pushed my aggregate Util to 19.1% - or worse? I'm afraid this may be too low a balance to be definitive.
On the 6/5 update, the last CO hit TU and I have the FICO 8 reason codes if you think they are worth seeing. I want to donate all my numbers to science and even started writing a rebuild story. Hopefully my DPs help you understand CO scoring more.
