Spree Penalty

[Revelate]

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@Curious_George2 wrote:

(Number of reasons displayed on a CMS) =/= (Number of reasons in effect)

The two screen snips below show the same score (779), the same bureau (EX), the same score version (F8) on the same day (1/9/2021), for the same person (moi). The first is from the Experian. The second is from Amex. Note the different number of negative factors displayed.

 

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Not if your service doesn't truncate reason codes.

FICO 8 from everyone sucks in this regard and that appears to be your screenshot from EX.

Other scores provided by both Experian and myFICO can indeed be reference on that.  In this case we are talking EX FICO 2 reason codes from Experian where those are not truncated and there is no positive BS fluff interpretation that we see elsewhere on them either which we also see in your Experian CMS FICO 8 screenshot.

Trust me when I say I have railed bitterly at that state for FICO 8 both on this forum publicly and also privately when FICO consumer sometimes gave me the opportunity to give them feedback because of my former role on this forum.

This is one topic I know way too much about haha.

[Curious_George2]

I'm relieved to hear that this is a well understood (though not well liked) issue. I didn't know that factor truncation was a thing that varied by score version. Thank you!

Just to be clear, are you saying that for all FICO scores other than Score 8, if MF shows fewer than four negative factors, that means there aren't any deductions for reasons beyond the 1, 2 or 3 shown?

[Anonymous]

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@Curious_George2 wrote:

That's how I thought things worked too, but it's getting harder to reconcile that belief with the evidence. Remi's Feb. score shown above is 761. So she's losing at least 83 or 89 points (depending on whether 850 or 844 is regarded as the max, and whether there's a buffer). But only two reasons are shown by the EX CMS. You don't think Short Account History and Accounts With Balances are costing Remi 80-some points and the persnickety EX2 isn't taking off any points for anything else, do you?

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@Curious_George2 definitely not and I haven't read the rest of the posts yet, but I believe Remmy is supposed to have a new account reason code on EX2 and I don't know why it's not showing.

[Anonymous]

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@Curious_George2 wrote:

I'm relieved to hear that this is a well understood (though not well liked) issue. I didn't know that factor truncation was a thing that varied by score version. Thank you!

Just to be clear, are you saying that for all FICO scores other than Score 8, if MF shows fewer than four negative factors, that means there aren't any deductions for reasons beyond the 1, 2 or 3 shown?

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@Curious_George2 Factor truncation varies by source on version 8, too. I'm glad to know there is no truncation on other versions though, I'm just now learning that too, thank you Rev!

[Revelate]

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@Curious_George2 wrote:

I'm relieved to hear that this is a well understood (though not well liked) issue. I didn't know that factor truncation was a thing that varied by score version. Thank you!

Just to be clear, are you saying that for all FICO scores other than Score 8, if MF shows fewer than four negative factors, that means there aren't any deductions for reasons beyond the 1, 2 or 3 shown?

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Yeah, most scorecards you can't get that few especially positive ones which is why I was so surprised to see Reme's two for EX FICO 2.  I have a higher score and all 4, so we are likely on different scorecards.

I first saw it when I was in one of the serious derogatory scorecards here on myFICO explicitly on TU FICO 4: I dropped down to three reason codes twice when I didn't have any scoreable inquiries and the take away there was there were fewer reason codes vis a vis for FICO 8 and below there is no new accounts penalty / reason codes for the bottom 4 scorecards.

FICO 9 may change that though actually re: new accounts on even the 60D late scorecard I am on TU currently.  I haven't pulled from here in a bit last year was so screwy it wasn't worth the pull anyway haha.  

[Remedios]

4 has four negative reason codes, 5 has three

[Anonymous]

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@Revelate wrote:

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@Curious_George2 wrote:

I'm relieved to hear that this is a well understood (though not well liked) issue. I didn't know that factor truncation was a thing that varied by score version. Thank you!

Just to be clear, are you saying that for all FICO scores other than Score 8, if MF shows fewer than four negative factors, that means there aren't any deductions for reasons beyond the 1, 2 or 3 shown?

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Yeah, most scorecards you can't get that few especially positive ones which is why I was so surprised to see Reme's two for EX FICO 2.  I have a higher score and all 4, so we are likely on different scorecards.

I first saw it when I was in one of the serious derogatory scorecards here on myFICO explicitly on TU FICO 4: I dropped down to three reason codes twice when I didn't have any scoreable inquiries and the take away there was there were fewer reason codes vis a vis for FICO 8 and below there is no new accounts penalty / reason codes for the bottom 4 scorecards.

FICO 9 may change that though actually re: new accounts on even the 60D late scorecard I am on TU currently.  I haven't pulled from here in a bit last year was so screwy it wasn't worth the pull anyway haha.  

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@Revelate Remmy should have a new account negative Reason code. For some reason it's not showing. And I don't know why.

Also you should know that the 20 something of last month I think it was, we had a ton of people come reporting unexplainable errors on EX2. We've got a big thread on it and there are too many people with too many impossible score changes.

It seems there may have been an update or glitch or something because true enough there's going to be some unexplainable events, but we had too many people right on about the same date that truly had the same data between two days in the middle of the month and had different scores. I mean nothing you could even theorize on. 

The takeaway is something was screwy with EX2 last month. And this is not the first time this is happened. There was once @Anonymous  had a no revolving activity code while she had a Costco visa reporting a balance. There was also one other incident I think with one other member that had an 11 point discrepancy for a few days that resolved itself. And these were not situations where there was an event a day or two away that could be responsible and maybe it was coming from an inactive database. Insane. I can go look up the thread and link it if you like. 

and did you say you have a new account reason code with a 60 day late on version 9?

[Remedios]

Okay, I lied. 

Number of accounts with balances and high use of revolving credit are gone. I was looking at January first.

Today 

[Remedios]

Seeking credit, three scorable inq, all from March 2020.

Accounts with balances, two revolvers, one loan. Not even 1/4 lol 

[Anonymous]

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@Remedios wrote:

Seeking credit, three scorable inq, all from March 2020.

Accounts with balances, two revolvers, one loan. Not even 1/4 lol 

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Score 5 is definitely hard on number of accounts with a balance. The thresholds are lower on the mortgage scores as I've always said, and 5 seems to be harder, as demonstrated from your reason codes. Awesome data Remmy!