There is a discussion about the number of reason statements shown for various scores here: TU4 sensitive to number of accounts (@Anonymous 's topic)
@Revelate has posted that myFICO alerts are the Gold Standard for TU 8 reason statements. They sure are!
My latest myFICO 3B report from 9 days ago (10/14/2020) shows 1 negative reason statement for TU/EQ 8, and 2 negative for EX 8.
Kinda funny, considering:
- I have less than 3 years total credit history at all 3 CRAs. (As TU ACR always says: You have been on our files since 12/7/2017.)
- I have less than 2 years total revolving credit history.
- I have 2 scorable inquiries at EX. Definitely been seekin' the credits!
- I have 2 recent accounts under 1 year: AMEX and Discover, 8 months old on this report.
- All TU/EQ 8 could come up with is: You have a short credit history.
- EX 8: You have a short credit history AND You have a lack of recent activity from a non-mortgage installment loan.
(Loan opened 12/2017 and closed 1 year later 12/2018. It's my oldest account at 2yr 10mo. Has been Closed for 1yr 10mo.)
Now look at the myFICO TU 8 score change alert. It always shows 4 reason statements. Always!:
(Score increased +1 for going under a 5% threshold on my young file scorecard. Link to report )
(Too many accounts with balances - 2 of 4 reporting a balance. Seems fair for a young profile.)
Here's the 3B factors: FICO 8s: EQ 760, TU 765, EX 742 (EX has 2 inq, others have 0)
@Anonymous wrote:
I wish the alerts gave us four codes for the other two bureaus.
Guess they don't want to give out clues to anyone doing LO-shot analytics. 
Nah....it's all about the CRA profile data they've collected over decades. Not many have that level of data access at 3 major CRAs.
Besides, most of the new kids on the credit risk modeling block are focusing on cash-flow analysis.
@Anonymous wrote:
I wish the alerts gave us four codes for the other two bureaus.
Basically old product history was that myFICO had multiple individual products. EQ Scorewatch and TU Quarterly Monitoring IIRC the product names correctly but all of the underlying backend was developed by the bureaus for other tools that seemingly got repurposed for consumer monitoring.
Once EX came back into the fold (it had been there before my original time and then wandered away for a while) they mashed all the products together and it became the current product.
That's the reason there are differences, it is not one coherent product developed by myFICO alone: each bureau has their data feed and then myFICO puts it into a pretty format.
That is not quite 100% anymore, vis a vis because the Experian product was sort of lame on changes and there were a lot of complaints myFICO took the initiative to add in a somewhat frequent SP to back the Experian product to make it better.
Anyway the only reason the TU 8 feed is so excellent for analysis with the only place I think anywhere to get all 4 FICO 8 reason codes always unless you push one off the table in something like a derogatory scorecard where there are limited reason codes, is because TU had that in their base product. EQ and EX never did and it seems unlikely they ever will at this point.
Weird myFICO product trivia.
